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Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

By Bloomberg

China shifts approach to fatal coal mining accidents to ensure supply security

23rd November 2023

The latest fatal accident linked to coal production in China, this time caused by a fire in a miner’s building in Shanxi province, has prompted another government campaign to protect lives in... 


Mined lithium ore

Lithium rout deepens with battery metal now down 75% this year

23rd November 2023

Lithium extended an almost monthlong run of declines, taking its drop this year to 75%, with expectations the rout in the electric-vehicle battery metal is far from over. Chinese prices of lithium... 


BNP Paribas cracks down on mining clients with new coal policy

BNP Paribas cracks down on mining clients with new coal policy

23rd November 2023

BNP Paribas is imposing new financing restrictions as part of an updated policy around how to treat clients in the mining industry. The European Union’s biggest bank will no longer provide... 


Giant lithium deposit in the DRC sparks boardroom battle

Giant lithium deposit in the DRC sparks boardroom battle

23rd November 2023

A battle over control of a massive untapped lithium deposit shifted gear as AVZ Minerals’ biggest shareholder signaled it will support the ouster of the Australian miner’s board. The Manono project... 


Police officers in South Africa

Crime costs South Africa 10% of GDP each year, World Bank says

22nd November 2023

Rampant crime in South Africa is costing the country at least 10% of its gross domestic product annually and exacerbating already stark income inequality, a World Bank study found. One in five... 


China allows a trickle of critical minerals exports ahead of graphite curbs

22nd November 2023

China exported small amounts of two minerals crucial to high-tech manufacturing in October, marking a resumption in sales after a two-month hiatus caused by Beijing’s restrictions. The controls on... 


Uranium exceeds $80/lb for first time in more than 15 years

Uranium exceeds $80/lb for first time in more than 15 years

21st November 2023

Uranium prices topped $80 a pound for the first time in more than fifteen years on renewed demand for nuclear power and disrupted supplies. Nymex futures tracking physical-market contracts for a... 


Iron-ore soars to nine-month high on China stimulus anticipation

21st November 2023

Iron-ore surged to its highest intraday price since February, with demand optimism growing as more details emerge about China’s latest economic stimulus drive. The steel-making staple rose as much... 


Komati Power Station

South Africa’s quest for energy security threatens climate goals

21st November 2023

South Africa is likely to prioritise energy security over its decarbonisation aspirations to avoid further damage to its economy, said James Mackay, the chief executive officer of the Energy... 


Chile discusses IRA benefits with US to lure lithium investments

Chile discusses IRA benefits with US to lure lithium investments

20th November 2023

Chile’s government is in talks with the Biden administration over benefits that US companies could access from the Inflation Reduction Act if they were to invest in the mineral-rich Andean nation.... 


Panama’s Supreme Court to deliberate on copper mine contract next week

Panama’s Supreme Court to deliberate on copper mine contract next week

20th November 2023

Panama’s supreme court magistrates will enter deliberations on November 24 to rule on constitutional challenges to a copper mine contract, the court’s secretary general Manuel Jose Calvo Castillo... 


Picture of a truck painted on a road

South African export route to Mozambique shut as violence erupts

17th November 2023

The road leading to South Africa’s main border with Mozambique, a key export route for coal and chrome, was closed on Friday after clashes between truck drivers and minibus taxi operators who’d... 


South Africa may need $136bn for energy transition, study shows

17th November 2023

South Africa cannot escape the need to spend significantly on new wind and solar power plants, a BloombergNEF study shows. Under a range of scenarios considered by researchers the country may need... 


Solar panels at the Komati power station

Germany will lend South Africa €500m for energy switch

17th November 2023

Germany, through its KfW development bank, will as soon as Friday sign an agreement to lend South Africa €500-million ($543-million) to help it transition away from the use of coal-fired... 


Sasol Secunda

Gas-supply cliff is South Africa’s next crisis, energy body says

17th November 2023

South Africa’s supply of natural gas is set to plunge within the next three to four years and there’s a risk of a shortfall triggering the country’s next economic crisis, the head of an industry... 


Codelco chairperson Maximo Pacheco

China’s booming copper output leaves less space for Codelco

17th November 2023

Codelco, the world’s biggest copper producer, is shipping less of the metal to China after a burst of new domestic capacity in the Asian nation, according to the Chilean company’s chairman Maximo... 


Glencore bets on US love of coal with new fossil fuel giant

Glencore bets on US love of coal with new fossil fuel giant

17th November 2023

Glencore is preparing to unleash a new coal supermajor on the New York market that would – based on recent performance – churn out bigger profits than the current top 10 US listed coal miners... 


BlackRock says acquire metals companies if you care about the climate

BlackRock says acquire metals companies if you care about the climate

17th November 2023

Investors are missing a big opportunity to profit from the energy transition because they have an outdated view of the metals and mining industry, according to one of the sector’s most influential... 


Nickel crisis shows LME could learn from China, Minmetals says

16th November 2023

Last year’s nickel crisis shows that risk controls and management at the London Metal Exchange are worse than those of its main Chinese rival, the Shanghai Futures Exchange, an executive at a... 


South Africa's Forestry, Fisheries and the Environment Minister Barbara Creecy

Women are leading the fight to stop climate change

16th November 2023

Over the past few years, international climate policy has been shaped largely by a close-knit group of politicians in the twilight of their careers. Now leaders from beyond the traditional... 


World’s best-performing big IPO is about to get an extra boost

15th November 2023

An Indonesian copper and gold miner that has surged more than fourfold since listing in July is set to keep rising after its inclusion in major emerging market indexes. PT Amman Mineral... 


Iron-ore hits $130 for first time since March on China stimulus

15th November 2023

Iron-ore futures in Singapore touched $130 a ton for the first time since March on improving demand for steel in China, which is considering a new wave of stimulus to shore up the struggling... 


EU reaches deal to boost domestic supplies of key raw materials

15th November 2023

The European Union reached a deal on measures to become more self-sufficient in the key raw materials it needs to help power the clean energy transition. Negotiators from the EU parliament and... 


Australian miner signs deal with science agency to recover vanadium

15th November 2023

Tivan has signed a long-term deal with the Australian government’s science agency in a bid to develop critical minerals processing technology designed to bolster the recovery of vanadium. The... 


Minister in The Presidency responsible for Electricity

Ramokgopa is acting Finance Minister, while Godongwana on leave

14th November 2023

South Africa’s president appointed Kgosientsho Ramokgopa as acting finance minister, while Enoch Godongwana takes leave. Ramokgopa, appointed in March as the nation’s energy czar to end the... 


Platinum bars

Zimbabwe platinum miners ask government to defer export tax

14th November 2023

Zimbabwe platinum miners have asked the government to defer its planned 5% export tax on concentrates, pending the completion of smelters and the refurbishment of a refinery. The producers want the... 


Copper wobbles as traders gather in Shanghai for major event

14th November 2023

Copper pared Monday’s biggest advance in a month as some top executives from the global industry prepared to discuss the metal’s outlook at an event in Shanghai. Asia Copper Week is getting into... 


Anglo American's Moranbah coal mine and power plant

Europe warns methane polluters as bloc pushes to slash emissions

14th November 2023

The European Union (EU)  aims to slash methane emissions by clinching a deal that could have global ramifications if major energy importers are targeted over leaks of one of the most potent... 


De Beers CEO Al Cook

De Beers will stockpile unsold diamonds after prices tumble

13th November 2023

De Beers plans to stockpile unsold diamonds after the world’s biggest producer responded to plunging prices by allowing its buyers to refuse to purchase all the stones they’re contracted to buy.... 


South Africa denies changes to farm-export rules based on race

13th November 2023

South Africa’s government rejected reports that new regulations have been introduced to restrict farm-export quotas based on race. The Johannesburg-based City Press and Rapport newspapers reported... 


A cut and polished diamond

The diamond world takes radical steps to stop a pricing plunge

13th November 2023

When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they were presented with a rare offer by their host: the option to buy nothing at all. De... 


China tightens grip on copper, key to world’s energy transition

China tightens grip on copper, key to world’s energy transition

13th November 2023

China is in the midst of a breakneck expansion of its copper industry that’s reshaping global flows of the essential metal for the world’s energy transition. The Asian nation’s grip on the supply... 


Sasol logo

Old Mutual asks investors to vote down Sasol climate resolutions

10th November 2023

Old Mutual Investment Managers said it plans to vote against a number of resolutions at the Nov. 17 annual general meeting of petrochemicals and fuel company, Sasol , because of its poor... 


Manchin retirement boosts West Virginia coal scion’s senate bid

10th November 2023

Jim Justice, a wealthy coal mine owner now serving as West Virginia’s Republican governor, gains an easier path for his Senate bid following Democrat Joe Manchin’s decision not to seek reelection... 


Hudbay is in talks to draw partner for Arizona copper project

Hudbay is in talks to draw partner for Arizona copper project

10th November 2023

Copper producer Hudbay Minerals is having informal talks with prospective partners to develop a deposit in Arizona as the mining industry pushes to bolster North America’s supply of key metals.... 


Czech utility luring battery producers as lithium mine decision nears

10th November 2023

Energy utility CEZ said it’s trying to attract car-battery producers to the Czech Republic as that would increase the benefits of a potential local lithium-mining project. The biggest traded power... 


Cheap coal hampers green shift in emerging world, says Macquarie

10th November 2023

Cheap fossil fuels are holding up developing nations’ efforts to move toward green alternatives, highlighting the need to make clean sources more affordable if the world is to meet its climate... 


Palladium drops below $1 000 as demand from key car sector wanes

Palladium drops below $1 000 as demand from key car sector wanes

9th November 2023

Palladium dropped below $1 000 an ounce for the first time in five years as demand falters amid a slowdown in car sales, the rise of electric vehicles and as users switch to cheaper platinum. The... 


Rage against copper producer roils markets, Panama goverment

Rage against copper producer roils markets, Panama goverment

9th November 2023

Panama’s ratification of a deal with a copper miner last month should have been a formality. Instead, it triggered nationwide protests that paralysed the economy, destabilised the government and... 


South Africa’s climate adviser rebuts report target to be missed

9th November 2023

South Africa’s Presidential Climate Commission dismissed a report that said modeling shows that the country will miss its 2030 emissions reduction target, saying that no such forecasting exists.... 


Zimbabwe’s dollar bourse plans commodity, electricity exchange

9th November 2023

Zimbabwe’s bourse in the resort city of Victoria Falls plans to start a commodity and electricity exchange in the first quarter of next year, its chief executive officer said. “We are just waiting... 


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