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...US claims to a swath of mineral-rich seabed are being challenged by China and Russia because Washington has failed to ratify a treaty that governs access to resources in international waters....
...Seth Grae, chair of American Nuclear Society’s International Council, said the difficulty of finding alternatives for Russian enriched uranium was in part due to a lack of investors....
...Biden made no mention of Nippon’s business in China, however, focusing instead on the need to retain American jobs....
...Latest forecasts from the ICCO, the International Cocoa Organization, estimate that Ghana will produce about 580,000 and Ecuador 430,000 tonnes in the current 2023-24 season....
...Meanwhile, in Norway, Nicolai Tangen, chief executive of its $1.6tn oil fund, told the FT that Europeans were “less hard-working” and “ambitious” than Americans....
...As much as Anglo American maintains the metals it produces such as platinum and nickel are “critical in enabling . . . sustainable green solutions”, the mining sector has been feeling decidedly old economy...
...Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago....
...“For the American and European supply chains to be built, you need a surety built by the government,” said Matthew Ashley, senior cobalt trader at Traxys, a Luxembourg-based trading house....
...“But it will be seriously hard because we do need to build reactors on time and on budget from American suppliers and suppliers of like-minded nations — and that can be very challenging.”...
...It was the first time an international court has made a ruling on the legal obligations of governments to take action on climate. Expect more litigation to follow....
...In response, North American manufacturers say they are pulling back on expansion plans despite lucrative incentives available under the Inflation Reduction Act, the landmark US climate law....
...The International Energy Agency is out with its monthly oil report today with divergent views on demand from Opec....
...In 2022, the green financing ratio for North American banks averaged 0.6, according to Bloomberg New Energy Finance (BNEF)....
...The venerable American business was once the backbone of its country’s industrial base. In recent decades it has suffered from the onslaught of cheap foreign producers, first from Japan, then China....
...The perception of the industry’s harmful impact on nature has prompted some governments to take greater control over resources, referred to as resource nationalism, which conflicts with the interests of...
...Brent Berg, president and chief executive of Rare Element Resources, a minerals company, will join Uranium Energy Corp, a North American uranium company, as senior vice-president of US operations....
...Chief among them: the airline’s long-standing credit card deal with American Express....
...Unlike intermittent resources such as wind and solar, nuclear can provide a bedrock of 24-hour baseload power....
...in international waters....
...“It is important that we maintain strong American steel companies powered by American steel workers,” Biden said....
...Despite the protectionist trade landscape under US President Joe Biden, BYD is also finding new ways to operate in the American market....
...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....
...Nonetheless, analysts have forecast bumper sales for the two drugs given the 7mn Americans and more than 50mn people worldwide suffering from Alzheimer’s....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...Graft investigations inside the country are likely to raise eyebrows, with Transparency International ranking the South American country 177 out of 180 on its corruption perception index....
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