Canadian lithium development giant Rock Tech Lithium is aiming to build a converter plant in Brandenburg, Germany, the state within which Berlin is located.
The state's energy ministry and the company said on Monday that Rock Tech Lithium is looking to use the plant to produce battery-grade lithium hydroxide for...
Hard seltzer has been trending strongly, and Coca-Cola wants a piece of the pie. Indeed, off-premise hard seltzer sales showed a shocking 160% year-over-year increase in 2020, reaching a number of $4.1 billion.
Coca-Cola recently created its own version of hard seltzer, not intimidated in the slightest by other companies...
Oil pushed higher on Wednesday as data from China and India boosted investor outlook. The rise in Chinese factory activity has boosted oil demand from the world's largest crude importer, thereby offsetting concerns about high U.S. oil reserves.
The news was positive in India as well, where domestic refined...
Global private equity firm Partners Group Holding AG has confirmed the acquisition of generic drugmaker Pharmathen SA from BC Partners in a deal worth approximately 1.6 billion euros ($1.9 billion). The Swiss-based Partners Group managed to edge out other potential buyers by sealing the deal before the planned auction...
The International Air Transport Association (IATA) announced on Wednesday that airline profits are expected to stabilize in 2024. For 2023, net profit for the year is projected to reach $23.3 billion on a 2.6% margin, while in 2024, net profit is set to rise to $25.7 billion and a...
Aerostructures manufacturer Spirit AeroSystems Holdings posted a quarterly loss on Tuesday, proving to be yet another aircraft manufacturer that has been hit by the slump in air travel caused by the COVID-19 pandemic. The company explained in a statement that this loss resulted directly from the reduction in aircraft...
With the global energy crisis triggering a spike in oil demand, Brent Oil reached a price of $85 per barrel for the first time since 2018. The demand for oil comes due to a mass shortage of gas and coal.
Brent futures in London rose by 1.3% to a price...
As the global demand for oil continues to undergo an unbalanced recovery, the price of oil has slipped below $69 per barrel. Since failing to pass the $70 mark on Wednesday, global benchmark Brent has been unable to regain momentum.
Much of the inconsistency is the result of wavering performances...
Oil extended its rally on Wednesday as a further decline in U.S. inventories added to the effects of the recent OPEC+ decision to cut output by 1.16 million barrels per day.
West Texas Intermediate was up to more than $81 a barrel after closing at its highest level in...
The Calgary-headquartered Pembina Pipeline Corp. decided to pull its C$8.5 billion ($6.7 billion) offer to acquire Inter Pipeline Ltd., consequently providing Brookfield Infrastructure Partners LP with a clear path to pursue their own bid. Inter is expected to pay a C$350 million termination fee to Pembina, who in turn...