Indonesian nickel company Halmahera Persada Lygend said on Thursday it has inaugurated operations at its first nickel sulphate plant, as the country ramps up its ambitions to dominate the electric vehicle (EV) industry.
Australian miners with projects in South America's lithium triangle which spans Chile, Argentina and Bolivia, dipped on Monday, on concerns other governments in that region may look to imitate Chile's move to nationalize its vast lithium industry.
By Reuters Staff
2 Min Read
April 15 (Reuters) - Australian shares fell on Thursday, as losses across the board and a mixed finish on Wall Street overnight weighed on the benchmark index.
The S&P/ASX 200 index fell 0.33% to 7,000.2 in early trade, after having closed above 7,000-mark on Wednesday for the first time since late-February last year.
Wall Street’s main indexes closed mixed overnight, with the Nasdaq Composite and S&P 500 seeing a fall. The Dow Jones Industrial Average rose on bumper bank earnings.
In other markets, Nikkei futures were up 0.32% and S&P 500 E-minis futures added 0.18%.
Australian tech shares fell 1.49%, led by losses in Nearmap Ltd, down 3.1%, and Xero Ltd that shed 2.83%.
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(Reuters) - Freeport-McMoRan Inc is set to approve expansions at several of its U.S. copper mines to capitalize on surging demand for the red metal as President Joe Biden moves to electrify the nation’s automobiles and combat climate change, Chief Executive Richard Adkerson told Reuters.
FILE PHOTO: Freeport-McMoran CEO, Richard Adkerson poses for a picture during an interview with Reuters at the CRU s World Copper Conference in Santiago, Chile April 9, 2019. REUTERS/Rodrigo Garrido
The expansions would be a major bet on the U.S. economy - one of the company’s largest markets - and also on the rising demand for electric vehicles (EVs), which use twice as much copper as internal combustion engines.
Egypt has extended the deadline for participation in its latest bid round for mineral exploration to May 15, from March 15, the mineral resources authority said in a statement on Wednesday.