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...
The National Union of Metalworkers of South Africa (NUMSA) launched a strike last week in an effort to seek pay rises. According to industry and union officials, the strike, with no definite end date, threatens to bottleneck the supply of auto parts that are critical to the production of...
Cruise company Carnival Corp. has endured a challenging return to normalcy following the challenges posed by the coronavirus pandemic. The company posted its latest adjusted quarterly earnings on Friday, exhibiting a $1.99 billion loss.
This loss is highly attributed to the cruise line's efforts to re-equip itself with the necessary...
In an effort to entice buyers into more sales, Saudi Arabia has decided to decrease the prices for oil sales to Asia over the next month. This comes after three months of constant price hikes on all grades in the Asian market.
The price decrease comes after the OPEC+ decided...
Oil futures on the NYSE exceeded a price of $70 per barrel for the first time in nearly a month, thanks to sustained investor confidence. There seems to be a widespread consensus that the oil market can withstand blows resulting from additional supply from OPEC+ as well as the...
Estee Lauder Inc announced its quarterly sales figures late last week, beating analysts' estimates. For the fourth quarter ending June 30, the cosmetics company generated net sales of $3.94 billion, a significant increase from its $2.43 billion in net sales the previous year.
With coronavirus restrictions gradually being eased, more...
Saudi Aramco is expected to join a group led by ACWA Power in an effort to build a $1 billion solar power plant. This plant will assist Saudi Arabia in its efforts to expand its renewable energy supply.
With ACWA and partner Water & Electricity Holding Co. each expected to...
Laurel, Mississippi-based poultry producer Sanderson Farms agreed on Monday to be bought out by commodities trader Cargill Inc and investment firm Continental Grain Co for a sum of $4.53 billion. Cargill and Continental Grain offered $203 per share in Sanderson Farms, which is a premium of approximately 11% of the company's...
Meggitt Plc shares have skyrocketed by the largest margin in the company's 170-year history, reaching 800 pence per share. This is a 71% jump from Friday's closing price. Meggitt's latest stock surge comes after Parker-Hannifin Corp. decided to acquire Meggitt Plc for 6.3 billion pounds ($8.8 billion) in an...
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...