It’s building North America’s first cobalt sulfate refinery Electra CEO says he’s in funding talks with Canada government Canada’s Electra Battery Materials Corp. has received a $20 million award from the US government to build a cobalt plant close to North America’s...

German exporters shipped more products to Poland than to China in the first half of the year, underscoring Germany’s efforts to diversify trade away from the world’s second-largest economy and enhance relationships closer to home. German exports to Poland increased...

A handful of economic data show US economy is holding up Traders pare wagers on aggressive cuts, bet on September move A flurry of data showing US economic resilience drove stocks to their best week this year, with dip buyers stepping in after a recent rout. Equities...

July starts dropped to 1.2 million rate, below all estimates Big decline in the South may have reflected Beryl impact New-home construction in the US fell in July to the lowest level since the aftermath of the pandemic as builders respond to weak demand that’s keeping...

The global market ‘is oversupplied,’ Macquarie’s Garvey says Futures sink about 8% this week as top mill warns of downturn Iron ore headed for a brutal weekly loss, hitting the lowest level since 2022, on concern that a steel-industry crisis rippling across China will...

National Australia Bank Ltd. said asset quality deteriorated in the third quarter amid further signs of stress building in the nation’s economy. Unaudited cash earnings came in at A$1.75 billion ($1.2 billion) in the three months ended June 30, according to a...

Futures drop below $94 as China steelmakers reduce production Top mill China Baowu sounds alarm about industry’s troubles Iron ore hit the lowest level since 2022 on concern that global supply is running ahead of demand, with China’s steelmakers mired in a crisis and...

Campaigns and PACs are spending earlier than in prior years Harris’ entrance into race has changed Trump group ad strategy The entry of Vice President Kamala Harris into the presidential race is injecting millions of dollars worth of television ads daily into an...

Alibaba overtakes JD.com as Scion’s top holding as of June 30 Firm unloaded positions in HCA Healthcare, Cigna, Citigroup Michael Burry, the hedge fund manager famous for his 2008 bet against the US housing market, further increased his stake in Alibaba Group Holding...

Consumer prices rose 4.0% in July; 263.4% from year-ago month The government paused the removal of energy subsidies in July Argentina’s monthly inflation reached the lowest level since early 2022 after President Javier Milei briefly tapped the brakes on his economic...

Anduril, a US-based defense technology unicorn, has raised $1.5 billion in a Series F funding round at a valuation of $14 billion. Back in 2022, the company closed its Series E funding round raising $1.48 billion.  Investment details The round was co-led by...

Lower grain prices help sectors offset a downturn in beef Meat producer’s shares jump to highest level in two years JBS SA shares surged to a fresh two-year high after a major rebound in the company’s chicken and pork operations drove stronger-than-expected results....

Iron ore collapses to lowest since last year on demand outlook Cash now ‘more important than profit,’ China Baowu boss says The world’s biggest steel producer sounded the alarm about an industry crisis in China that carries the potential to ripple around the globe and...

Hedge funds are the most bearish on commodities prices in at least 13 years as fears of a deeper economic slowdown cast doubts on demand for everything from crude oil to metals and grains. Money managers piled a combined net-short position of almost 153,000 futures...