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Equinor expands LNG trading operations amidst strong Q1 profits
Equinor, the Norwegian energy group, is gearing up to expand its liquefied natural gas (LNG) trading operations and is currently engaged in discussions with potential buyers in both Europe and Southeast Asia. The company reported higher-than-expected first-quarter profits, attributing its success to…
April 26, 2024 -
EU mulls restrictions on trans-shipments of Russian LNG
The European Commission is poised to propose new sanctions targeting Russian liquefied natural gas (LNG) imports, a move that could significantly impact Europe’s energy landscape. The proposed measures, including a ban on shipments within the EU and sanctions on three Russian LNG projects…
April 26, 2024 -
Nigeria revokes dormant mining titles to boost investment
Nigeria’s Minister of Mines announced the revocation of 924 dormant mining titles, comprising exploration licenses, mining leases, quarry licenses, and small-scale mining licenses. These titles will now be made available to investors on a “first come, first served” basis. This move follows the revocation of…
April 26, 2024 -
China strengthens trade defense mechanisms with new tariff law
China’s recent passing of the Tariff Law signifies a bold move aimed at reinforcing its trade defense mechanisms and asserting its ability to retaliate against perceived unfair treatment by its major trade partners. The law, slated to take effect from December 1, serves as a potent addition to Beijing’s…
April 26, 2024 -
Australia offers insights into challenges and optimism of the global lithium market
Australia’s Mount Holland lithium mine stands as a testament to the region’s ambitions for a greener future. The $1.7 billion operation symbolizes Western Australia’s shift from its traditional focus on the steel industry towards emerging sectors like battery materials. Despite the current oversupply…
April 26, 2024 -
Copper’s role in energy transition poses challenges and opportunities to meet rising demand
Copper stands as a critical element in the global shift toward cleaner energy, indispensable for various applications across industries. Its conductivity makes it a staple in electrical wiring for homes, cars, and renewable energy infrastructure. Notably, renewable energy sources such as solar and wind require…
April 26, 2024 -
Hyundai Motor Group to introduce locally manufactured EVs in India by 2025
Hyundai Motor Group, the parent company of Hyundai and Kia brands, is set to introduce its first electric vehicles manufactured in India by 2025, aiming to enhance its presence in the country’s growing electric vehicle market. Production of locally manufactured EVs by Hyundai is slated to commence by the…
April 26, 2024 -
India seeks international partnerships to boost lithium mining and EV industry
India is actively seeking partnerships with several countries to bolster its lithium mining and electric vehicle (EV) industries and reduce its dependence on China. The Ministry of Mines has initiated discussions with countries such as Australia, the United States, Bolivia, Britain, Japan, South Korea, and even…
April 26, 2024
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