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Chile optimistic about inclusion of lithium in US subsidies, eyes investment surge
Chile is optimistic that components utilizing its lithium will meet the criteria for subsidies under the US Inflation Reduction Act, potentially attracting a surge of new investments from companies aiming to tap into the nation’s extensive reserves of the battery metal. Economy Minister Nicolas Grau…
March 18, 2024 -
EU considers limits on Russian agricultural imports amidst rising pressure
The European Union’s executive body is drafting a proposal aimed at limiting the import of agricultural goods from Russia into the bloc, in response to requests from certain member states eager to increase pressure on the Kremlin. European Commission President Ursula von der Leyen informed Polish…
March 18, 2024 -
Chinese conglomerates shift gears, selling off overseas assets amid liquidity challenges
Not too long ago, Chinese companies were known for their aggressive acquisition strategies, eagerly snatching up various international assets ranging from airports to football clubs as they rapidly expanded overseas. However, the tide has turned, and today we observe a stark reversal of fortunes…
March 18, 2024 -
SSE and Equinor plan major hydrogen plant in Northern England by 2030
SSE Plc and Equinor ASA are exploring the development of a significant hydrogen plant in northern England, with ambitions for it to be operational by 2030. Named the Keadby Hydrogen Power Station, the proposed plant would have a capacity of 900 megawatts. SSE stated that the facility would…
March 18, 2024 -
EU elevates relationship with Egypt to ‘strategic partnership’ with €7.4 billion aid pledge
The European Union has announced a substantial aid package totaling €7.4 billion ($8.1 billion) for Egypt, signaling a significant effort to bolster the North African nation’s struggling economy. This financial assistance, comprising both grants and loans, is intended to be disbursed over the span of seven…
March 18, 2024 -
Australia’s Mineral Resources plans lithium processing hub in Western Australia
Australia’s Mineral Resources announced on Monday its intention to establish a lithium processing hub in the Goldfields region of Western Australia following its acquisition of Poseidon Nickel’s (POS.AX) Lake Johnston nickel concentrator plant and mining rights. Led by billionaire Chris Ellison…
March 18, 2024 -
Pressure mounts on Asia’s diesel profit margin amid oversupply and shipping concerns
The profit margin for producing diesel in Asia is facing significant pressure due to an oversupply of supplies, with major exporters increasing shipments and fewer cargoes being sent to Europe due to concerns over shipping routes via the Red Sea. The crack spread, which represents the…
March 18, 2024 -
Norway’s first offshore wind auction faces uncertainty amid waning interest
Norway is set to hold its inaugural auction on Monday for the development rights of a commercial offshore wind farm, offering a capacity of up to 1.5 gigawatts (GW). However, interest in the auction has waned due to high project costs, and there remains a possibility of no bids being submitted…
March 18, 2024
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