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BBCNEWS Asia Business Report June 4, 2024 00:33:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 00:33:00

Some of the challenges around decarbonisation. earlier, i spoke with anna ashton of political risk consultancy firm eurasia group, who explained the impact of restriction on supply chains. these two particular minerals are not the most widely used, they are not the ones that the united states and other countries are the most reliant on china for, they're not the hardest to get, but i think it's important to keep in mind that if china had put these sorts of restrictions on refined lithium or cobalt or something like that, it would be much more impactful than gallium and germanium. so china has ...

BBCNEWS Asia Business Report June 4, 2024 00:31:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 00:31:00

Let's look at what this materials move means for the rest of the world. the consensus is that will be damaging not fatal for the united states. the reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. you don'tjust dig them up from the ground, they are derived from a more complicated reduction process and china has that capability. so governments and businesses will have to rely on cheaper substitutes and alternative sources. it means prices will go up, it means some products ...

BBCNEWS World Business Report June 4, 2024 04:47:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:47:00

Do you think they will go up a quarter of a percent on thursday or half a percent? the narrative has _ thursday or half a percent? iie: narrative has changed thursday or half a percent? tie: narrative has changed over the course of the past two weeks. we saw a notable decline in the headline inflation reading. but we are still so far away from the 2% target, currently 7.9%. so yes, perhaps we may only see a smaller 25 basis point hike rather than the previous expectations of seeing 50, but we are still so far away that i think whether we see it this time around or next time, i think we are goi...

BBCNEWS World Business Report June 4, 2024 13:41:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 13:41:00

The likes of shell who do not have as much uk operations.— the likes of shell who do not have as much uk operations. thanks for “oininu as much uk operations. thanks for joining us- — in other news... the german logistics and delivery company dhl has reported a fall in its revenue and earnings blamed on falling consumer demand, soaring inflation and high inventories driving down the volume of goods to be shipped. the company's shares fell a% in early trading as the company reported a fall in revenue of 16%. china has restricted the export of two rare metals used to make computer chips. t...

BBCNEWS World Business Report June 4, 2024 04:48:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:48:00

Last year, china controlled approximately 98% of the world's gallium production. it was also the world's leading producer of germanium, accounting for about 68%. the move is seen as the response by china to europe and the us removing their reliance on china's chip—making. 0ur asia business correspondent nick marsh has the details. now, you may never have heard of gallium or germanium, untiljust now, maybe, but they are important elements, so—called critical materials, and they're needed for chips in things like mobile phones, leds, satellites, military equipment as well, and the reason tha...