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FRANKFURT (Reuters) – Lithium developer Vulcan Energy Resources has secured Volkswagen as an additional car industry customer for its environmental-friendly lithium hydroxide for automotive batteries. The binding purchase agreement with Volkswagen for lithium extracted from Germany’s Upper Rhine Valley region by means of geothermal energy has an initial term of five years with commercial delivery …

Lithium extraction company Vulcan adds VW to customer line-up Read More »

A look at the day ahead from Dhara Ranasinghe. A little bit of hope and fear defines markets on Wednesday, with investors showing no signs yet of winding down for year-end. Let’s start with the fear part, which centres on China’s troubled property sector. Shares in the country’s biggest developer Evergrande have hit all-time lows …

Marketmind: A little bit of fear, a little bit of hope Read More »

LONDON (Reuters) – Hedge funds posted their worst performance in 20 months in November, after a global market selloff sparked by concerns over the Omicron COVID variant, according to data from HedgeFund Research. Financial markets went into a tailspin in the final week of November with U.S. stocks losing nearly 4% in the last five …

Hedge funds’ November performance worst since March 2020 – HFR Read More »

By Lewis Krauskopf NEW YORK (Reuters) – Investors who used the stock market’s recent swoon to scoop up shares are hoping the last weeks of the year bring renewed strength to equity prices, even as worries over the Omicron variant and a more aggressive Federal Reserve continue to loom. A two-day surge has put the …

Analysis-Wall St hits reset after market ‘froth’ but Fed fears loom Read More »

MELBOURNE (Reuters) – Woodside Petroleum is confident that its shareholders will vote in favour of the planned merger with BHP Group’s petroleum arm in 2022, its chief executive said on Wednesday. “We have full confidence that our shareholders will support the merger,” Woodside CEO Meg O’Neill told analysts at a strategy briefing. Woodside plans to …

Woodside confident shareholders will support merger with BHP’s petroleum arm Read More »

By David Shepardson WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo on Tuesday said efforts in Congress to approve $52 billion to expand U.S. semiconductor manufacturing could slip into 2022. Raimondo is still pushing U.S. lawmakers to pass funding to address the ongoing chip supply crisis that has cut auto production and impacted other industries. …

U.S. Commerce chief: Funding for semiconductor production could slip to 2022 Read More »