Prices for cobalt, lithium, and nickel—metals used extensively in building electric vehicles (EVs) and their batteries—have plummeted this year as demand for EVs and electronics in general has withered in China, the world’s largest EV market.
Tag: Global Economy
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UNION PACIFIC PROFIT DROPS AS SHIPPING VOLUMES DECLINE
Union Pacific Railroad reported third-quarter revenue of $5.94 billion, 10 percent less than the same period in 2022, and a 19-percent reduction in profits, which fell to $1.5 billion.
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CHINA CURBS EXPORTS OF GRAPHITE, A KEY EV BATTERY MATERIAL
Seeking to hold its control over markets for materials related to electric vehicles (EVs), China will now require export permits for some forms of graphite.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…all made worse by the COVID War which destroyed the lives and livelihoods of billions across the globe.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is week 59 of our job loss report. Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses.
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TOP TREND 2023, MIDDLE EAST MELTDOWN: MIDEAST WAR SPILLS INTO EUROPE’S ECONOMY
The Israel-Hamas war threatens Europe’s energy prices and should prevent the European Central Bank (ECB) from raising interest rates further, Yannas Stournaras, governor of Greece’s central bank, said in a Financial Times interview last week.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
As we have continued to note with facts and figures, the three-year COVID War destroyed much of the world economy.
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INFLATION ASSAULTS COMMODITIES
In 2021, Liontown Resources had budgeted $300 million for its new Australian lithium mine. The budget now is twice that.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…all made worse by the COVID War which destroyed the lives and livelihoods of billions across the globe.