Page 115 - Min News Today

The United States and the European Union on Sunday took steps to re-establish transatlantic trade flows in steel and aluminium, and address the challenges in the sector, they said in a joint statement.

China's Tianqi Lithium Corp , one of the world's top producers of lithium chemicals for electric vehicle batteries, on Friday reported its highest quarterly net profit since late 2018 thanks to higher lithium prices and one-off gains.

Coal-fired electricity generation in the United States is expected to be higher this year compared to 2020 due to soaring natural gas prices and relatively stable coal prices, the U.S. Energy Information Administration (EIA) said on Monday.

India has proposed new rules to lower emissions and fight climate change, including setting a minimum share of renewable energy to be used by its industries, the federal power ministry said on Saturday.

The United States and European Union have agreed to end a festering dispute over U.S. steel and aluminum tariffs imposed by former President Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, U.S. officials said on Saturday.

Miner and trader Glencore on Friday said it expects 2021 earnings before interest and tax (EBIT) for its trading division to top its $2.2 billion to $3.2 billion long-term guidance but stuck to its production guidance.

The U.S. auto sector's production slump this year is more than a big minus for Detroit - it's a major drag on the entire economy.

China's coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjust coal prices after recent investigations of producers.

Brazil's greenhouse gas emissions increased by 9.5% in 2020 largely due to increased deforestation in the Amazon during the second year of far-right President Jair Bolsonaro's government, said a report published on Thursday by climate change experts.

The world's largest aluminium recycler, Novelis, will invest $375 million in its Zhenjiang operation in China to expand recycling and production for aluminium products used in the auto industry, the company said on Friday.