Business, Technology, Fuel

Volkswagen Purchases Stake in Lithium Firm for $48 Million

Volkswagen Group will spend C$69 million ($48.1 million) on a 9.9% stake in lithium miner Patriot Battery Metals to secure raw materials for electric vehicles.

Jacob Lorinc | Bloomberg News
December 18, 2024
Government, Business, Equipment, Logistics

Miners Tap Trucks to Sidestep Canada's Rail Stoppage

Two mining giants are rerouting shipments and turning to trucks to deal with disruptions from a Canadian railway stoppage that threatens to undermine the industry’s operations.

Jacob Lorinc | Bloomberg News
August 22, 2024
Business

Cleveland-Cliffs to Buy Canada’s Stelco for $2.8 Billion

Cleveland-Cliffs agreed to buy Canadian steelmaker Stelco Holdings for about $2.8 billion, in the company’s first major move after losing out in its bid for U.S. Steel Corp. last year.

Jacob Lorinc | Bloomberg News
July 15, 2024