News
Shares of BHP Group, the world's largest miner, jumped to a record high in Australia after it posted earnings at the top end of Wall Street expectations. The miner's pivot into copper, aided by a surging rally in industrial metals, offset softer conditions in its iron ore unit. BHP chief executive Mike Henry reaffirmed to investors earlier on a call that the miner is pivoting toward "future-facing" metals. In other words, he explained that the world's largest miner's shift away from operations focused on serving China's steel mills has paid off,…
The history of chlorofluorocarbons (CFCs), their danger to the ozone layer, and the drive to replace them reminds me of an observation from former CBS news correspondent and commentator Eric Sevareid: "[T]he real cause of problems is solutions." When chemists F. Sherwood Roland and Mario Molina asked where chlorofluorocarbons (CFCs) go after leaking from refrigerators and air conditioners or being intentionally released from aerosol cans, they did not know that the answer would lead to the world-shaking discovery that these chemicals were threatening…
Abu Dhabi’s national oil company, ADNOC, keeps making headlines again, not only when looking at upstream but also in its LNG strategic operations. At present, the oil and gas giant’s quiet acceleration in LNG shipping is often treated as merely a capacity add. Mainstream media is focusing on factors such as increased hulls, greater flexibility, and improved service for export projects. This focus is, however, too narrow, as the UAE’s national champion is not simply expanding its fleet. ADNOC is clearly establishing the physical…
Ford and General Motors (GM) have both announced plans to venture into the world of energy storage, following in the footsteps of the electric vehicle (EV) giant Tesla. The two U.S. automakers have big plans for business expansion, which could drive down EV manufacturing costs, reduce reliance on imports, and expand their portfolios. The U.S. EV market is growing at a slower pace than anticipated as the Trump administration waters down aims set by the previous government to restrict the sale of internal combustion engine (ICE) vehicles and incentivise…
Latin America is attracting greater attention from international investors thanks to its strong renewable energy and critical mineral potential. In recent years, the region’s green energy capacity has steadily grown, while more mineral mining projects are developed, and the electric vehicle (EV) market is beginning to expand. As the United States takes a back seat in renewable energy deployment, this industry is taking off in other parts of the Americas. Over 65 percent of Latin America’s electricity now comes from renewable sources,…
