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EV maker Lordstown Motors begins bankruptcy embroiled in disputes

U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S. Securities and Exchange Commission and several investor...

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Australia's Element 25 to supply GM with manganese sulphate

Element 25 Ltd said on Monday it will supply manganese sulphate to General Motors Co from a new facility in Louisiana, as the automaker looks to secure supply of battery minerals for its North American electric vehicle production.

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South Korean shares extend losses ahead of Powell testimony

Round-up of South Korean financial markets:

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UPDATE 1-Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain -Sky News

Bahrain's state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia's Public Investment Fund (PIF) and Ares Management, Sky News reported on Wednesday.

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UPDATE 2-British consortium to invest $9 bln in Indonesia mining, EV batteries, minister says

A British consortium that includes mining giant Glencore will invest about $9 billion in Indonesia's mining and electric vehicle (EV) battery sectors, a minister said on Wednesday, as the resource-rich country tries to lure a host of multinational firms.

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Volvo Cars sales up 31% in May

Sweden-based Volvo Cars on Monday posted a 31% rise in sales in May compared with a year earlier, selling 60,398 cars.

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South Korean shares set for third weekly rise on US debt relief

Round-up of South Korean financial markets:

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Indonesia's Halmahera Persada Lygend inaugurates nickel sulphate plant

Indonesian nickel company Halmahera Persada Lygend said on Thursday it has inaugurated operations at its first nickel sulphate plant, as the country ramps up its ambitions to dominate the electric vehicle (EV) industry.

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UPDATE 1-Huayou Cobalt to add at least 500,000 T of nickel capacity in Indonesia

Huayou's 120,000 T Huafei project will be commissioned on June 1

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UPDATE 1-Europe's luxury stocks hit 7-week low as selloff continues

A gauge of top luxury stocks in Europe fell to seven-week lows on Wednesday as a selloff in the sector continued following a strong run this year that has been key for positive returns across broader European markets.

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