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...Europe’s largest aluminium producer Norsk Hydro has warned that the construction sector in some of the region’s largest countries is suffering from a demand slump similar to the one during the Covid-19 crisis...
...It has 22 under construction and more than 70 in the planning phase, and is building up exports of nuclear technology....
...Latin American countries have not had new coal power plant construction starts since 2016 and for countries in the OECD, Europe, or the Middle East, no construction has started in the past five years....
...One government official who works on data centre construction said the vouchers would reduce AI companies’ computing costs by around 40 to 50 per cent if they opted for government-run data centres....
...“They’ve run into some ramp up issues,” said Ur-Energy Inc chief executive John Cash, which is restarting production at two mines in Wyoming....
Transaction should transform London-listed company into one of the North Sea’s largest producers
...Liquidation proceedings mean the priority becomes selling off assets and could make it more challenging for developers to access new funding, halting construction and leaving thousands of homes unfinished...
...“Any real upturn would be delayed if the construction industry [and] the machine-building industry don’t make the necessary investments in the transformation or in new capital goods.”...
...Imports of the transitional metal used for construction steel rose in 2023 compared to the previous year....
...“The lack of meaningful stimulus coming out of last week’s Two Sessions has dented the construction pipeline for this year, pushing iron ore prices down to just a smidgen above $100 a tonne, its lowest since...
...The success was driven by a boom in construction investment, according to economists who caution that underlying issues such as public education were not addressed sufficiently....
...And better planning could cut construction times....
...In November 2023, the Natural Resources Defense Council shut down its nuclear mission and laid off its top lawyer, Geoffrey Fettus, along with its anti-nuclear litigation team, which had pursued decades...
...“It also feels like we’re past the worst in the construction sector in the US and Europe,” he said....
...The company said that for future tax credits, it made sense to realise them directly only when new production facilities under construction were operational and generating revenue....
...Holcim has sought to shift its business towards greener construction in recent years, and emphasised its role in “decarbonising building”....
...The UK government also aims to expand nuclear capacity beyond the two EDF-backed plants that are already under construction or at the planning stage....
...The project involves the construction of a 552km rail line to transport high-grade iron ore from two new mines in the Simandou mountains — one to be built and operated by Rio Tinto — to a new deep water...
Ithaca’s deal with Eni would simply be trading assets around a troubled basin
...Construction techniques have modernised since the plant opened in 1965....
Also in today’s newsletter, one solar company thinks it has what it takes to go public — despite a down market for the sector
...“We are still in discussions with those two sides and we are ready to commence once those two sides are ready to start construction.”...
...Chris Levesque, TerraPower’s chief executive, told the Financial Times the company would apply for a construction permit from US regulators this month for its reactor, which is cooled with liquid sodium...
New survey shows geopolitical turmoil, tough macroeconomic conditions and AI spurring shifts in energy markets
...Spanish renewables group Iberdrola has called off its planned $8bn acquisition of PNM Resources, cancelling a deal that would have transformed its Avangrid subsidiary into one of the biggest companies in...
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