Page 3 - Shawn Baldwin Edited News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Why Marlboro Maker Altria Is Betting On Smoke-Free Products
cnbcafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnbcafrica.com Daily Mail and Mail on Sunday newspapers.
Demand for lithium, a key component for electric vehicle batteries, is expected to surge from 500,000 metric tons of lithium carbonate in 2021 to three to four million metric tons by 2030, according to McKinsey & Company. Albemarle, the world's top producer of this critical metal and the operator of mines in Australia, Chile and the U.S., says it plans to bring another domestic lithium mine online by 2027 Kings Mountain in North Carolina. "We need to get the green stuff out and that will produce what's called a spodumene concentrate," said Matthew Hastings, group geologist for Albemarle. "That concentrate will run about 6% lithium oxide, so the intent there is to produce that concentrate, that will be what we give to conversion facilities." That concentrate will likely end up in Albemarle’s soon to be built $1.3 billion processing facility in South Carolina where it is turned into battery-grade lithium hydroxide. The plant will support the manufact
U.S. airlines carried more than 470 million passenger bags in 2022. For decades most bags flew for free, but in recent years fees have surged, boosting the bottom line of the nation’s carriers. Bag fee revenue for U.S. airlines was more than $6.7 billion in 2022. To prevent lost luggage and ensure passengers are reunited with their bags upon arrival a complex ecosystem has evolved. At Atlanta’s Hartsfield-Jackson International Airport more than 30 miles of conveyor belts, an army of 2,000 workers and a fleet of airport tugs ferry bags from the terminal to the aircraft. U.S. airlines mishandled nearly 3 million bags in 2022. A “mishandled” bag is one that was lost, damaged, delayed or stolen. So what steps do airlines take to prevent lost luggage and how does Delta Air Lines move 100,000 bags a day through the world’s busiest airport? CNBC got a behind-the-scenes look at at Delta’s baggage operation in Atlanta to find out.
Chapters:
00:00 Introduction
02:28 Baggage fees
The U.S. warehouse club industry, which includes Costco, Sam’s Club and B.J.’s Wholesale is valued at more than $320 billion, according to an estimate by ResearchAndMarkets.com. The format is simple. Members pay a fee to shop. In return, they get access to low-priced goods and services in a warehouse setting. With over 65 million paying members, Costco controls the lion’s share of the market. But Walmart-owned Sam’s Club is tweaking the formula, betting that investments in robotics and technology can help them better engage with budget-conscious shoppers and take on its competitors. Walmart CEO Doug McMillon called Sam’s Club an “innovation engine for the company” during an August 2021 earnings call. So how do warehouse clubs like Sam’s get members to pay to shop? And what impact will new technology have on the future of the retail chain and its rivalry with Costco?
Chapters:
00:00 Introduction
01:49 History
06:13 Inventory robots
09:06 Private-label brands
Pro
vimarsana © 2020. All Rights Reserved.