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Trade uncertainty and tariffs are prompting America’s battery makers and battery material manufacturers to expand overseas to have production sites in the biggest demand centers now that clean energy isn’t a favorite with the U.S. Administration. The trend has become evident in recent weeks, in which two U.S. battery companies have taken over production sites in South Korea and Europe, betting on being close to customers in markets favoring green technology and renewable energy expansion. First, it was California-based…
For years, energy workers from the fossil fuel sector have been growing increasingly concerned about their future working in the sector. As many countries invest heavily in renewable energy, in a bid to decrease dependence on oil, gas, and coal, many traditional energy jobs are disappearing. However, the knowledge and experience that workers in this sector hold could be well-suited to new jobs in the renewable energy industry, so long as governments invest in a just transition. According to the European Union definition, a “Just transition…
Libya’s eastern-based parliament is preparing to approve a 2019 maritime pact that would allow Turkey to explore for oil and gas in Libyan waters, according to people familiar with the talks in Benghazi and Ankara. Most obstacles to the accord have been cleared, they said, a striking reversal for the east—long aligned with commander Khalifa Haftar’s Libyan National Army and historically opposed to Turkish involvement. Tripoli, which already maintains close ties with Ankara, backs the deal. If ratified, Turkish survey and drilling…
China’s shipments of rare-earth permanent magnets snapped back in July, signaling a return toward pre-curb trade flows even as the West doubles down on alternative supply. Overall magnet exports hit a six-month high of 5,577 metric tons in July—up ~75% month-on-month and 5.7% year-on-year—after Beijing agreed to normalize sales as part of a trade truce with Washington and Europe. Shipments to the U.S. climbed ~76% m/m to 619 tons, recovering from a May low of just 46 tons during the height of the tit-for-tat restrictions. Germany…
Russia launched 270 drones and 10 missiles against Ukraine on August 19, in a kinetic response to Ukrainian President Volodymyr Zelenskyy's White House talks with US President Donald Trump and key European allies. Ukrainian regional officials said that over 24 hours Russian shelling across the Kharkiv, Donetsk, Zaporizhzhya, and Kherson regions had claimed the lives of 15 people and injured at least 76 more. It was reported that the Poltava region was hit particularly hard, leaving over 1,500 residents without electricity. In Chernihiv, drones…
