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Australia
May 7, 2025

KoBold Metals and Congo Lithium Deposits Agree on Framework for Purchase

KoBold Metals, a metals exploration firm based in California, announced on Wednesday it had reached an agreement with AVZ Minerals to purchase their interests in the Manono...

Australia
May 7, 2025

After the Fed maintains rates at their current level, world stocks are choppy and lose ground.

In choppy trading, the dollar and U.S. Treasury yields both gained and lost some ground on Wednesday. The Federal Reserve had left its interest rates unchanged but...

United States
May 7, 2025

EIA: Oil wells in the Lower 48 US States have more than doubled in the past decade.

The U.S. Energy Information Administration announced on Wednesday that they estimate that the average number oil wells completed within 50 feet from each other simultaneously in the...

United Kingdom
May 7, 2025

Kenyan court fines 4 men for trafficking thousands queen ants

Kenyan courts fined four men each $7,700 for attempting to traffic thousands of valuable ants to the country's eco-system. Experts say that this case shows a shift...

South Asia
May 7, 2025

Indian industries exchange polluted air for health fix

The first ever air pollution trading scheme in the world has produced results Experts warn against relying too heavily on market solutions The developing nations are unable...

United States
May 7, 2025

Suncor, Canada's largest oil company, says it may reduce its capital expenditure in 2026 if oil prices remain low.

Suncor Energy, Canada's second largest oil producer, said that a recent campaign to cut costs had helped it weather the lower oil prices in the world. However...

Venezuela
May 7, 2025

Putin and Venezuelan Maduro sign a strategic partnership agreement at Moscow

In a ceremony broadcast on state television, Russian President Vladimir Putin signed a strategic agreement with Venezuelan President Nicolas Maduro. Interfax, a Russian news agency, reported that...

China
May 7, 2025

China's BYD and Tsingshan cancel plans for Chilean lithium plants

Sources from the government and BYD, a Chinese automaker, confirmed on Wednesday that they have withdrawn multi-million dollar plans for building lithium cathodes in Chile, which is...

Africa
May 7, 2025

Sources say that Guinea has cancelled EGA's mining license

Two people familiar with the matter said on Wednesday that Guinea had begun a process of revoking Emirates Global Aluminium's mine licence. Emirates Global Aluminium is owned...

United States
May 7, 2025

Markets retrench as they focus on US-China talks and Fed rate decision

The world stock market fell on Wednesday, while Treasury yields dipped. This was after the news that top U.S. officials would be meeting with Chinese counterparts soon...

Romania
May 7, 2025

EU warns Romania that it faces legal action if it does not remove the gas price cap

The European Commission warned Romania Wednesday that it could face legal action if it did not remove its gas price cap. According to the EU executive branch,...

Australia
May 7, 2025

Rio Tinto first gallium extracted in collaboration with Indium

Rio Tinto, a mining giant, announced on Wednesday that it had successfully extracted the first primary gallium in a joint venture with Indium Corp. of the United...

Africa
May 7, 2025

Barrick CEO claims he doesn't know where Mali keeps miners' confiscated gold

Mark Bristow, CEO of Barrick Mining, said that the Canadian company spends $15 million per month to run its Mali mine. He also stated that he doesn't...

Mining
May 7, 2025

Goldman Sachs raises copper price forecast on resilient Chinese demand

Goldman Sachs raised its quarterly copper forecast on Wednesday, citing a de-escalation of trade tensions as well as the resilient Chinese demand for copper that will continue...

Argentina
May 7, 2025

Grisly Peru mine murders highlight 'golden curse' in Andes

Frank Monzon, a Peruvian miner, was well aware of the risks involved in his work. However the allure of gold deep within the Andean rock that covers...

Africa
May 7, 2025

Sources say that Guinea has cancelled EGA's mining license

Two people familiar with the matter said on Wednesday that Guinea had begun a process of withdrawing Emirates Global Aluminium’s mining license in the West African country....

Germany
May 7, 2025

Swedish court grants 30-year permit to Gotland Cement Works

The court in Sweden granted permission to Heidelberg Materials Cement on Wednesday for it to continue mining the limestone at its quarry located on the island Gotland....

United States
May 7, 2025

Utility Vistra reports quarterly loss due to higher costs and challenges with derivatives

Vistra Corp reported a loss for the first quarter of the year on Wednesday. The independent power producer suffered from setbacks with its hedging and increased costs....

India
May 7, 2025

Coal India reports lower revenue for the quarter as demand for power declines

Coal India, the company that produces more than 75% of India's coal, announced a decline in revenue for the fourth quarter on Wednesday. The drop was attributed...

Greece
May 7, 2025

Greece and Bulgaria reach long-awaited deal on water before summer

The Bulgarian Foreign Ministry confirmed Wednesday that Bulgaria and Greece had signed a 5-year water agreement after months of negotiations. This decision brought relief to Greek farmers...

United States
May 7, 2025

LSEG data indicates that Freeport LNG export facility in Texas is on schedule to end its outage by Wed.

According to data provided by financial firm LSEG, the U.S. liquefied gas (LNG), Freeport LNG, export plant in Texas is on track to receive more natural gas...

United States
May 7, 2025

Lead contamination is a threat to residents after the LA wildfires

Residents of LA are tested for lead poisoning following wildfires Lead levels in samples exceed the state's acceptable limits Who pays for soil remediation? Rachel Parsons Michelle,...

United States
May 7, 2025

Equinix Malaysia looks for alternative energy sources amid anticipated electricity tariff hike

The Malaysian data centre company Equinix announced on Wednesday that it was looking into alternative sources of energy, as it anticipates an increase in domestic electricity rates...

United Kingdom
May 7, 2025

Copper prices drop due to caution about US-China talks

The copper price fell in London Wednesday, as the market was not expecting a quick outcome from upcoming talks between U.S. officials and Chinese officials after months...

Fossil Fuels
May 7, 2025

In April, Russia's oil and natural gas revenues were down by 12% year-on-year.

The Russian budget revenue from oil and natural gas sales dropped by around 12% compared to April last year. The Ministry of Finance blamed the sharp fall...

Canada
May 7, 2025

Sources: Mali mining convoy attacked on the road to Allied Gold Sadiola mine

Two people who were familiar with the incident said that the attack took place over the weekend in the Kayes area. The convoy was transporting heavy equipment...

South Korea
May 7, 2025

CEZ to appeal the injunction that prevents signing of nuclear power deals

Daniel Benes, CEZ Chief Executive said that the Czech utility will appeal a court order that prevents it from signing a $18 billion agreement with Korea's KHNP...

Singapore
May 7, 2025

Singapore establishes new GasCo, and appoints a chief executive, according to regulator

Singapore's energy regulator announced on Wednesday that the country had established a wholly government-owned company called Singapore GasCo, to centralise gas procurement and supply to the power...

China
May 7, 2025

China's central banks purchases gold for the sixth consecutive month in April

Official data released by the People's Bank of China on Wednesday showed that China's central banks added gold to their reserves for the sixth consecutive month. Last...

United States
May 7, 2025

Gold falls on optimism about US-China trade negotiations; Fed decision eyed

Gold prices dropped more than 1% Wednesday, as the hopes of trade talks between China and the United States weighed on this safe-haven precious metal before the...

Israel
May 7, 2025

Medical reports say that Israeli airstrikes in Gaza have killed 13 people at a school for displaced families.

Local health officials reported that Israeli forces demolished homes and other buildings in Rafah, in the southern part of the enclave, while they continued their strikes against...

China
May 7, 2025

Sino-US trade talks and Chinese stimulus have boosted iron ore to a 2-week high.

Iron ore futures reached their highest level in almost two weeks on Wednesday, supported by China’s latest stimulus measures. However, gains were limited by cautious sentiment about...

United States
May 7, 2025

NEWSMAKER-China's trade tsar He Lifeng is at the forefront of US tariff talks

He Lifeng, a trusted confidant of Chinese president Xi Jinping, who has gradually built a reputation as a fixer among foreign investors, will be at the forefront...

Mexico
May 7, 2025

He Lifeng, China's trade tsar, is at the forefront of US tariff discussions

He Lifeng, a trusted confidant of Chinese president Xi Jinping, who has gradually built a reputation as a fixer among foreign investors, will be at the forefront...

Sudan
May 7, 2025

Port Sudan shook by explosions, army claims to have intercepted drones

Sudan's army claimed that its anti-aircraft system intercepted drones on Wednesday, which were targeting the largest naval base of the country in Port Sudan, the country's wartime...

United States
May 7, 2025

BMW expects auto tariffs to drop from July, but sticks to its 2025 vision

BMW, the premium German carmaker, confirmed Wednesday its outlook for 2025. It said it expects some of the current tariffs on vehicle imports will decline starting in...

United States
May 7, 2025

Stocks rise in a tepid response to US-China talks

U.S. stocks futures jumped and the dollar rose Wednesday, on news of a meeting between top U.S.-China trade officials. However, Asian markets were cautious on prospects for...

United Kingdom
May 7, 2025

London metals drop amid caution before US-China trade talks

Metal prices dropped in London on Wednesday, as investors were more cautious about the outcome of a meeting between U.S. trade officials and Chinese counterparts. This was...

United Kingdom
May 7, 2025

Oil prices rise as the market looks at US-China trade negotiations and lower US output

Investors focused on U.S. China trade talks and signs that U.S. oil production is declining. Brent crude futures rose 44 cents a bar, or 0.7% to $62,59...

Japan
May 7, 2025

Toyota's earnings are cushioned by the demand for hybrids but a US tariff threat looms

Toyota's profits are expected to remain steady when it reports its annual earnings on the 15th of this month. However, investors will be alert for any signs...

Wind Farms
May 7, 2025

Shell and Google Enter PPA to Extend Life of First Dutch Offshore Wind Farm

Shell and Google have signed a power purchase agreement (PPA) for the electricity produced at 108 MW NoordzeeWind project, extending the lifespan of Netherland’s first offshore wind...

Coal
May 7, 2025

Officials say four people were injured in a fire at a coal processing plant in Russia’s Far East.

Early on Wednesday, Russian authorities and officials of the company said that four people had been injured in an early morning fire at a coal-processing plant in...

South Korea
May 7, 2025

Stocks rise on US-China talks, China rate reduction

U.S. stocks futures and Chinese stock markets both rose on Wednesday as investors welcomed news of a high-level meeting between U.S. officials and Chinese counterparts as an...

Czech Republic
May 7, 2025

Financial Times - May 7

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Headlines After three years of...

United Kingdom
May 6, 2025

Gold falls on US-China Trade Talk Hopes; traders focus on Fed policy

The gold price fell on Wednesday, as investors awaited the Federal Reserve policy meeting that would be held later in the afternoon. As of 0225 GMT, spot...

China
May 6, 2025

Sino-US trade talks and Chinese stimulus have boosted iron ore prices to a 2-week high.

Investor sentiment was boosted by China's recent stimulus measures, and the hopes that trade frictions between the two world's largest economies will be eased. As of 0154...

United Kingdom
May 6, 2025

Metals prices remain tight as the market waits for US-China summit

Investors were waiting for a weekend meeting in Switzerland between U.S.-China trade officials to see if they could bring down the trade war. As of 1400 GMT,...

Argentina
May 6, 2025

Lake Resources' shares in Australia surge after launch of strategic review

The shares of Australia's Lake Resources soared by more than 9% after the company announced a strategic review on its Kachi lithium project, located in Argentina. The...

Japan
May 6, 2025

US futures rise on China trade talks

U.S. stocks futures rose and Asian currencies rose as investors welcomed the news that a top-level meeting between U.S. officials and Chinese officials is scheduled for this...

United Kingdom
May 6, 2025

Oil prices rise on signs that Europe and China are increasing their demand and US production is decreasing

Prices rose on Wednesday as buyers returned to the market after the prices had fallen to new lows the previous week. Brent crude futures rose 37 cents...