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London copper prices steady as US dollar weakens – ET Auto

Baua Electric

London copper prices were steady on Monday as the U.S. Three-month copper on the London Metal Exchange held ground at USD 8,341 per metric ton by 0806 GMT, having shed 1.5% The spot market in China will likely remain tepid, leading to a build-up in inventories which could weigh on prices, they said.

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Car subscription firm Finn raises USD 110 mn to speed shift to electric fleet – ET Auto

Baua Electric

The round was led by London-based Planet First Partners, a private equity firm focused on sustainable investments, Finn said. The Munich-based company said it will use the capital raised to focus on EVs and plans to more than double the share of low-emission vehicles in its fleet to more than 80% by 2028.

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Copper output at Chile’s Codelco set to rise this year, CESCO says – ET Auto

Baua Electric

Driven by renewed interest in commodity assets, copper prices rallied 10% since the start of this year on London Metal Exchange. The center annually hosts CESCO Week alongside the CRU World Copper Conference, which make up the largest gathering of industry executives, investors and analysts.

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Vedanta secures 11-year INR 3,900 cr loan from PFC – ET Auto

Baua Electric

In August 2022, the London-headquartered mining giant acquired Athena Chhattisgarh Power Ltd for INR 565 crore to meet its captive power requirements. PFC is India’s largest power-sector lender and typically extends financing to corporations that own promising power projects and manufacture power-sector equipment.

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Nissan to commercialize autonomous-drive mobility services in Japan by fiscal year 2027 – ET Auto

Baua Electric

Outside Japan, Nissan has been testing autonomous-drive mobility in London and other areas with the support of the UK government. These vicinities include the Minato Mirai area of Yokohama and Namie town, Fukushima Prefecture, where a manned mobility service called Namie Smart Mobility has been in operation since 2021.

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Oxbotica and Cisco partner to address autonomous vehicle data challenge; OpenRoaming

Green Car Congress

By 2024, more than 70 million new connected vehicles will enter the market every year, with each required to upload and download 8.3GB of data per day, including streamed infotainment, HD navigation, vehicle telemetry and ADAS settings as well as safety critical information like severe weather updates or passenger ill health.

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Indonesian official says current nickel price will benefit miners, smelters – ET Auto

Baua Electric

Three-month nickel on the London Metal Exchange was trading at around USD 17,650 per metric ton on Thursday. The contract had surged in 2022 to a record high above USD 100,000 after expectations of reduced supplies from major producer Russia.