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01.05.26 - 15:12
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Czech energy group hints at combined bid for British Steel and Speciality Steel UK (The Guardian)
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Exclusive: Sev.en Global Investments could turn state-owned businesses into Britain's biggest steelmakerBusiness live – latest updatesThe owner of the UK's largest electric steelworks has said the government should find a single buyer for British Steel and Speciality Steel UK (SSUK), a move that would create the country's biggest steelmaker.Sev.en Global Investments, owned by the Czech billionaire Pavel Tykač, said it not only plans to invest £100m in the UK – mainly in the electric arc steelworks in Cardiff it bought last year – but also has the ability to invest “hundreds of millions of pounds” more in Britain under its 7 Steel brand. Continue reading......
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01.05.26 - 09:48
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Aluminum Facing ′Very Large Supply Hole,′ JPM Says (Bloomberg)
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Greg Shearer, JPMorgan base and precious metals research head, discusses the aluminum market and the impact the conflict in the Middle East on prices. "Our outlook in the very near term is still for prices to move up towards $4,000 per metric ton," Shearer tells Bloomberg Television. "There will be demand destruction at those levels," he adds. (Source: Bloomberg)...
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01.05.26 - 02:42
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Massive Lithium Lode In Appalachia Could Power 130 Million EVs: USGS (ZeroHedge)
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Massive Lithium Lode In Appalachia Could Power 130 Million EVs: USGS
America's worrisome dependency on foreign sources of lithium could become a thing of the past: About 328 years' worth of last year's lithium imports is buried in Appalachia, according to a new analysis published by the US Geological Survey (USGS). That's about 2.3 million metric tons of undiscovered but economically recoverable lithium -- aka "white gold."
“This research shows that the Appalachians contain enough lithium to help meet the nation's growing needs – a major contribution to U.S. mineral security, at a time when global lithium demand is rising rapidly,” said USGS Director Ned Mamula. "The United States was the dominant world producer of lithium three decades ago, and this research highlights the abundant potential to reclaim our mineral independence.” Today, Australia is the top producer, and China in second place -- however, China boasts about 60% of the world's lithium refining ...
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