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LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.

‘Battery arms race’: how China has monopolised the electric vehicle industry

  
The Guardian - 11.25.2021 Original article ›
LyrArc Article Gist
Cobalt and nickel mining in the Democratic Republic of Congo is increasingly under the control of a few countries. Much of this metal goes into Electric Vehicles. One expert told a US Senate Committee hearing in June that China was building one EV megafactory a week compared to one every 4 months by the US. The money committed to supporting the electric vehicle industry in Biden's infrastructure package in 2021 still leaves the US lagging behind, says this report in The Guardian.

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China sandstorms highlight threat of climate crisis

  
The Guardian - 04.03.2021 Original article ›
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Sandstorms from Inner Mongolia and areas north of Beijing have covered the capital in an orange haze in March 2021. This has shown the importance of tackling climate change and ensuring that grasslands and vegetation are protected in Northern China and surrounding countries. Experts say this is not the only problem, much depends on how the overuse of ground water for industrial, mining and other purposes is tackled.

Worst hit by drought as a result of climate change is Yunnan. Also affected are eastern coastal provinces of Zhejiang, Fujian, and the southern province of Guangdong.

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Caterpillar: Predictably Unpredictable

  
Wall Street Journal - 10.24.2013 Original article ›
Justin Lahart, Justin, Lahart
LyrArc Article Gist
Lahart points out that the increase in Caterpillar's business coming from China and the higher proportion of revenues coming from the slowing mining equipment business are the reasons why Caterpillar is repeatedly missing revenue and profit forecasts. Caterpillar moved to make acquisitions in the mining equipment business just as the mining business was beginning to slowdown.
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The Fight Over Drug Data Mining

  
BusinessWeek - 06.10.2009 Original article ›
Arlene Weintraub, Arlene, Weintraub

Australians Warm to Chinese Mining Investments

  
Wall Street Journal - 09.12.2009 Original article ›
Patrick Barta, Patrick, Barta, Rachel Pannett, Rachel, Pannett

The Fight Over Drug Data Mining

  
BusinessWeek - 06.10.2009 Original article ›
Arlene Weintraub, Arlene, Weintraub

Chinese Gather Up Mining Resources Abroad

  
Wall Street Journal - 02.16.2009 Original article ›
Rick Carew, Rick, Carew

Canadian Mining Company Files for Bankruptcy

  
New York Times - 03.07.2009 Original article ›
Bloomberg News, Bloomberg, News

Data Mining Moves to Human Resources

  
BusinessWeek - 03.12.2009 Original article ›
Stephen Baker, Stephen, Baker

Miners Find Optimism a Rare Commodity

9 Groups   
Wall Street Journal - 09.23.2011 Original article ›
Andrew Peaple, Andrew, Peaple
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Copper futures fell by more than 6% on Sept. 22, 2011. Rio Tinto's shares were down close to 11%. In 2011 shares of BHP, Rio Tinto and Xstrata have dropped by 30-40% from the peak reached on July 7. This is much faster than the fall in metals prices. The Dow Jones-UBS Industrial Metals Index declined by 19% in that period. The decline in mining shares suggest medium term metals prices will drop to the recession levels in the last quarter of 2008 and the first quarter of 2009, according to RBC Capital Markets. This view is not reflected in commodities markets. Iron ore prices are double now compared to prices during the 2008-2009 recession, and copper prices at $3.48 are much higher than the $2.02 average price during the 2008-2009 recession. Goldman Sachs estimates that BRIC's growth would have to decline sharply for this to happen.
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Foreign Investment Jumps in Indonesia

1 Links 7 Groups   
Wall Street Journal - 04.23.2012 Original article ›
Eric Bellman, Eric, Bellman, I Made Sentana, I, Made, Sentana
LyrArc Article Gist
Foreign direct investment in Indonesia surged 30% to 51.5 trillion rupiah ($5.6 billion) for the first quarter of 2012. Indonesia's Investment Board says the mining sector gained $1.1 billion of FDI, telecom $800 million and plantations $500 millon. Singapore invested $1.2 billion, Japan $600 million, and S. Korea $500 million. Meanwhile S&P retained the BB+ credit rating for Indonesia because of concern about the government's decision not to raise subsidized fuel prices by 33% to cut a fuel subsidy bill of $15 billion, and other "policy slippages."
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Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.

  
NYTimes.com - 03.24.2023 Original article ›
Jim Tankersley
LyrArc Article Gist
Fed chairman Powell sees inflation right now in the US as driven by supply chain problems, by the war in Ukraine and its effect on oil prices, and by shifts among American consumers from spending on dining and travel to furniture and goods. An added factor is the tight labor market that affects spending.

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Sober Travelers Find Something to Savor in Wine Country

  
NYTimes.com - 04.17.2024 Original article ›
Christine Chitnis
LyrArc Article Gist
Sober travel is surging among young people in America. This report shows sober travel meaning no alcohol in wineyard trips to Sonoma, California, or in the foothills of the Andes mountains in Mendoza wine countryside. For them it makes good sense, wellness, beautiful landscapes and fine dining. This NYT report shows a growing trend of travel of this kind.

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Climate Change Policy Toppled Australia’s Leader. Here’s What It Means for Others.

3 Groups   
New York Times - 08.24.2018 Original article ›
Somini Sengupta
LyrArc Article Gist
Malcolm Turnbull is replaed as leader of the Conservative Party by Mr. Morrison, who favors supporting the coal industry and jobs in mining. Climate change politics has played a major role in Australian leadership changes. Failure to pass legislation that would have pulled back greenhouse emissions led to the change replacing Mr. Turnbull as prime minister with Mr. Morrison.

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Caterpillar Profit Surges on Mining, U.S. Recovery

1 Groups   
Wall Street Journal - 04.30.2011 Original article ›
James R. Hagerty, James, R., Hagerty, Bob Tita, Bob, Tita

Mining Companies Hit Wall on Mountaintop Blasting

  
Wall Street Journal - 10.08.2009 Original article ›
Wsj Print, Wsj, Print

India Unveils Details In New Mining Policy

  
Wall Street Journal - 04.11.2008 Original article ›
Jackie Range, Jackie, Range

Giant Mines Scramble to Cut Output

  
Wall Street Journal - 11.17.2008 Original article ›
Patrick Barta, Patrick, Barta, Robert Guy Matthews, Robert, Guy, Matthews, Andrew Batson, Andrew, Batson
LyrArc Article Gist
With prices of iron ore jumping from a little above 50 dollars to $200 per metric ton between 2006 and 2007 and now back to alittle above $50 in November 2008, mining companies around the world are pulling back according to Thomson Reuters. China's building boom is seeing a big slumo with new floor space up 30%in 2007 now down close to 40% from peak according to data from Macquarie Securities. And the Australian dollar up almost 30% in 2007 is now down about 50% from peak. The last time the mining companies saw such a slump was after the Asian financial crisis in 1997 and the US recession of 2001, with metals coming back only after Chinese demand kicked in in 2003. This affects mining in Africa which was seeing boom times in places like S. Africa where there were electricity shortages because of huge demand from mining.
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WSJ News Exclusive | U.S., Saudi Arabia in Talks to Secure Metals for EVs

  
WSJ - 09.10.2023 Original article ›
Summer Said, Julie Steinberg, Stephen Kalin
LyrArc Article Gist
The US and Saudi Arabia are working on a partnership in which the Saudi Public Investment Fund will invest $15 billion to secure mining stakes for metals such as cobalt needed in electric car batteries. The US would buy the supplies from the Saudi owned companies. US is a copartner with India on a new economic corridor infrastructure project that will connect India with the European Union and the US through Saudi Arabia. Saudis will invest $20 billion said MBS, Prince Salman of Saudi Arabia, at the meeting of the G20 in New Delhi alongside Modi, Biden, Scholz, Macron and the heads of the EU. This is a major new project for which the seeds are being put in for future generations.

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ArcelorMittal Reports Nearly $8 Billion Loss and Plans to Raise $3 Billion

3 Groups   
New York Times - 02.05.2016 Original article ›
Stanley Reed, Stanley, Reed
LyrArc Article Gist
Steel prices drop by 40% in 2015 for steel supplied to the automobile industry. Chinese producers reduce prices on world markets as China increases exports. ArcelorMittal suffers a loss of $7.9 billion in the fourth quarter of 2015 on its steel business and mining. The mining unit had a$3.5 billion operating loss and the company took a writeoff of $3.4 billion on mines as a result of the collapse in the mining industry prices. For the full year the company expects $4.5 billion in earnings for 2015 before interest, taxes, depreciation and amortization, compared to $5.2 billion in 2014. Its capitalization has declined to about $6.8 billion.
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Alcoa Treks Into Jungle to Cut Costs

3 Groups   
Wall Street Journal - 06.22.2010 Original article ›
Robert Matthews, Robert, Matthews
LyrArc Article Gist
To become a low cost producer, Alcoa is investing $1.5 billion on a bauxite mine near Juruti, deep in the Brazilian Amazon jungle. It is also investing $2.2 billion in a mining complex in Saudi Arabia. Compared to its competitors Rio Tinto and UC Rusal, Alcoa is using savings from cost cutting of about $3 billion, to build low cost mining and manufacturing facilities.
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Brazil, Fortune and Fate Turn on Billionaire

6 Groups   
New York Times - 06.23.2013 Original article ›
Peter Lattman, Peter, Lattman, Simon Romero, Simon, Romero
LyrArc Article Gist
Mr. Eike Batista's EBX Group companies were one of the prime beneficiaries of huge government investments in mining, oil and other commodities. The fading of the commodities boom is resulting in large losses for these companies. Street protests in Brazilian cities shows the weakness of the Brazilian economic model that neglected public services in transportation, health care and education and concentrated on infrastructure and mining projects.
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Commodities Fall as Stockpiles Mount Up

14 Groups   
Wall Street Journal - 01.19.2015 Original article ›
Georgi Kantchev, Georgi, Kantchev, Ese Erheriene, Ese, Erheriene, Neena Rai, Neena, Rai
LyrArc Article Gist
The market for copper experienced a global oversupply in the last 4 years with a sharp decline in prices. The Sierra Gorda mine in Chile and the Constancia mine in Peru will add more supply of copper. Prices of iron ore dropped 50% in 2014, and copper 14%. The CEO of Glencore PLC, Ivan Glasenberg, says the problem is a huge misallocation of capital, as companies in the mining business continued to invest heavily with supplies outstripping demand.
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Australia's Recovering Mining Industry Struggles to Fill Jobs

  
Wall Street Journal - 09.21.2009 Original article ›
Cynthia Koons, Cynthia, Koons

Mining Firms Dig Deeper As Worker Costs Escalate

  
Wall Street Journal - 01.04.2011 Original article ›
Robert Guy Matthews, Robert, Guy, Matthews

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