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Copper: Stellantis and Rio Tinto focus on mining in Argentina
Carmaker Stellantis NV and mining group Rio Tinto are increasing their investments in a giant copper deposit in Argentina as the race for metals used in electric vehicles heats up. Stellantis, the maker of Peugeot cars and Jeep vehicles, is investing 42 billion...
China bans new offshore brokerage accounts in a capital control move
China has for the first time issued a warning banning domestic brokers and their overseas units from taking on new mainland clients for offshore trading, according to an official document seen by Reuters and confirmed by four sources. New investments by existing...
Raw materials: Italian minister sees recycling and innovation as key to securing supply
Innovation and a more circular economy will help Italy secure supplies of critical raw materials as part of a European effort to reduce dependence on foreign imports, Gilberto Pichetto Fratin, Italy's Minister of the Environment and Energy Security, said on Wednesday....
Automotive sector: the United Auto Workers strike intensifies
With the intensification of the United Auto Workers (UAW) strike, stagnating negotiations, and increasing layoffs nationwide, the industry is facing severe downward pressure in the near future. Mass lay-offs by Stellantis and other manufacturers Jeep manufacturer...