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...“We have seen the [People’s Republic of China] create dependencies and vulnerabilities in multiple sectors, like steel, aluminum, solar, batteries and critical minerals, harming American workers and businesses...
...When they paused the dispute the US and EU agreed to form a sustainable steel club that would prioritise low carbon production — a measure also aimed at lowering both sides’ reliance on Chinese imports....
...China’s investment in the sector includes nickel, lithium and copper projects as well as uranium, steel and iron, highlighting intensifying efforts by Chinese companies across the clean technology supply...
...It was last summer when the administration asked the independent US International Trade Commission agency to investigate how to measure greenhouse gas emissions from manufacturing steel and aluminium (aluminum...
...Century Aluminum, for example, will receive up to $500mn for a plant that the US agency says would be the US’s first aluminium smelter built in 45 years....
...State-owned Comac was established jointly with companies including Shanghai-listed Aluminum Corporation of China, China Baowu Steel Group and Sinochem Corporation....
...Thyssenkrupp has been struggling for more than a decade to reduce its reliance on steel and switch to other industrial products....
...Meanwhile, the pandemic exposed Australia’s reliance on imports in areas such as medicine and car parts....
...Steel & Aluminum Q4, Renault FY, Roku Q4, Stellantis FY, TripAdvisor Q4, Unipol Gruppo FY, Wendy’s Q4, Yelp Q4 Friday Bank of England chief economist Huw Pill speaks at the NABE Economic Policy Conference...
...The main one is Rio’s reliance on iron ore, which in 2023 accounted for more than 80 per cent of group underlying ebitda....
...To cut carbon dioxide emissions, hydrogen production must shift from its current reliance on fossil fuels....
...It is one of a handful of family conglomerates that has influence over large parts of the economy, along with Reliance Industries and the Tata Group....
...Today’s newsletter describes nerves in the bloc about how she might dismay the trade purists and cede too much to Washington’s ever-morphing plans to block imports of Chinese steel and aluminium (aluminum...
...But now, with the cost of carbon taxes and emission permits set to rise as the EU scrambles to ditch its reliance on fossil fuels, the technology is starting to make inroads in Europe....
...Manufacturers and government bodies are developing factories across Asia and the US to mitigate an over-reliance on China that some blame for trade disruption during the coronavirus pandemic....
...US President Joe Biden confirmed his opposition to the takeover of US Steel by Nippon Steel of Japan, arguing it was “vital” for the American steel company to remain “domestically owned and operated”....
...Western politicians are acutely concerned about an over-reliance on China for the raw materials necessary to support the green transition....
...(FT) Reliance buys out Paramount’s stake in Indian TV business for $500mn (FT)...
...The first and most obvious issue is excessive reliance on financial sanctions — that is, blocking some Russian banks from intermediating payments with the west....
...Steel & Aluminum Q3, Royal Caribbean Q3, Sodexo FY, Southwest Airlines Q3, Standard Chartered Q3, STMicroelectronics Q3, Unilever Q3, United Parcel Service Q3, Universal Health Services Q3, Universal Music...
...The hardliners favour partnerships with Russia and China, arguing US sanctions against Iran help the country to enhance its self-reliance....
...Also, Brussels and Washington started negotiations about creating a permanent green steel and aluminium (aluminum, whatever) club to encourage all countries to adopt low-carbon production....
...“Our technology is very flexible,” says Rondé, who notes that it can be used to power a variety of sites from large cement and steel plants to smaller factories....
...Kwade provides the centrepiece to the exhibition, with a steel-framed sculpture that mirrors its surroundings....
...Another Arizona company, Reliance Steel & Aluminum, also joins the global index. MSCI said the new index would include 24 new companies while 34 others would be removed....
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