- Joe Biden's campaign has privately told U.S. miners it would support boosting domestic production of metals used to make electric vehicles, solar panels and other products crucial to his climate plan, according to three sources familiar with the matter, in a boon for the mining industry.
Canada's main stock index fell on Wednesday, dragged by energy stocks, as oil prices fell after a surprise build-up in U.S. crude stockpiles stoked concerns of a supply glut and a spike in global COVID-19 cases fueled demand worries.
Botswana's economy will rebound and grow 7.7% in 2021 from a 8.9% contraction forecast this year, on the back of improved sentiment in the global diamond industry, the finance minister said on Tuesday. Botswana's economy shrank by 24% in the second quarter of 2020 as coronavirus lockdowns at home and abroad slowed domestic economic activity and severely constrained diamond sales.
LG Chem, the world's top electric vehicle battery maker, is in talks with a "couple" of automakers to create joint ventures to produce automotive batteries, Chief Executive Officer Hak Cheol Shin told Reuters on Friday. LG Chem is already moving ahead with battery joint ventures with GM and Geely and hopes to expand to other carmakers, Shin said, without elaborating.
Canada's main stock index rose on Wednesday, helped by energy stocks, as oil prices gained despite renewed fears about fuel demand recovery due to surging coronavirus cases.
* Miners fall on reports China halted coal imports. * New Zealand rises to record close, up 0.8% By Nikhil Subba. Australian shares settled higher on Tuesday for the seventh straight session, as financials jumped on some economic optimism and dividend hopes, and technology stocks tracked Wall Street higher.
President Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win. Four years later, Great Lakes Works - once among the state's largest steel plants - has shut down steelmaking operations and put 1,250 workers out of a job.
President Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win. Four years later, Great Lakes Works - once among the state's largest steel plants - has shut down steelmaking operations and put 1,250 workers out of a job.
Brazilian miner Vale SA is in talks with Tesla and others in the electric vehicle supply chain about securing nickel from its Canadian operations, the head of the miner's base metals unit said on Friday. Tesla did not immediately respond to a request for comment.
* German ZEW investor sentiment rises unexpectedly in Sept. * H&M records biggest daily rise in nearly six months. * Upbeat China data boosts miners, luxury stocks. By Sruthi Shankar. Europe's STOXX 600 closed at a near three-week high on Tuesday as robust industrial output data from China boosted mining and luxury stocks, while Sweden's H&M surged after reporting a profit rebound.
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