Investment fund Engine No. 1, known for its battle with Exxon Mobil Corp. and recently taking a surprise stake in Vale SA’s base metals business, is eying more deals in critical minerals.
A plan by Jindal Steel & Power Ltd. to develop an up-to $2 billion iron-ore mine in South Africa is facing opposition from communities who say the operation would require thousands of homes and graves to be relocated.
The Vietnamese government sees the country's coal imports steadily rising over the next decade before peaking at around 85mn t in 2035, led by demand from utilities.
Vale on Monday lost a bid to block fellow mining giant BHP Group's bid to have it share potential liability in a 36-billion-pound ($46-billion) London lawsuit over Brazil's worst environmental disaster.
The governments of South Korea and Indonesia have agreed to continue joint investments in electric vehicle and battery production in Indonesia. Moreover, they want to strengthen the supply chain for battery materials such as nickel.