DOE Invests Billions in Battery Recycling to Address Expanding Electric Vehicle Market Trends
VANCOUVER – The U.S. Department of Energy (DOE) has unveiled an ambitious initiative to advance the green transition: a significant investment exceeding $3 billion aimed at bolstering the domestic production and recycling of battery materials. This funding comes at a critical juncture as the electric vehicle (EV) market prepares for an avalanche of battery disposals, […]
Oil and Gas Boom Drives Surge in U.S. Methane Emissions
Oil and Gas Boom Fuels U.S. Methane Surge Despite ambitious promises of an accelerated green transition from the government, the U.S. is still experiencing extremely elevated levels of methane emissions each year. As the Biden administration pumps billions into renewable energy, clean technologies, and decarbonisation projects, methane emissions continue to rise year on year with […]
Gold Repatriation Shifts from Northern to Southern Regions
It wasn’t long however until Germany was again in a position to buy gold. The Wirtschafswunder — economic miracle — of the 1950s and ‘60s allowed West Germany to stockpile large amounts of gold. Under the Bretton Woods system of fixed exchange rates, Germany could use dollars, earned by successful export businesses that traded them in for marks, to […]
2 Promising Stock Funds to Keep an Eye On
Morningstar Manager Research analysts cover more than 150 different equity, fixed income, and allocation strategies in Canada, which is only a fraction of the nearly 3,000 ratable options available to Canadian investors. We aim to cover the funds in which Canadians have the most money and interest. There are a lot of additional funds, however, […]
Lohum, ReElement, and American Metals to Launch US’s First Fully Integrated Battery Recycling Facility with $30 Million Investment, Reports ET Auto
In a significant development for the North American battery supply chain, India’s Lohum Cleantech Ltd, in partnership with ReElement Technologies Corporation and American Metals LLC, is set to establish the region’s first fully integrated facility dedicated to battery recycling and critical material production. The facility will be based at the Marion Advanced Technology Center in […]
US Company Expands into Latin America’s Oil & Gas Sector as Brazilian Partner Sets Restart Date for Offshore Asset
US firm enters Latin America’s oil & gas playground as its Brazilian partner in two offshore fields sets restart date for another asset Houston-based Westlawn Americas Offshore (WAO), part of Westlawn Group, has wrapped up the acquisition of a partial stake in a concession, covering two oil fields located off the coast of Brazil. The […]
LOHUM, ReElement, and American Metals Collaborate to Establish Integrated Li-Ion Battery Materials Processing Facility with Over $30M Investment
American Resources Corporation (NASDAQ: AREC) is making headlines with a transformative partnership aimed at shaping the future of battery recycling in the United States. In an ambitious collaboration, India’s LOHUM Cleantech has signed a Memorandum of Understanding (MOU) with ReElement Technologies and American Metals to establish the nation’s first fully integrated facility dedicated to battery […]
Brent Crude Prices Drop Back to $75 a Barrel Amid Renewed Concerns Over Demand
Brent crude oil prices fell by 4% due to concerns about weakening demand from China. The disruption in Libyan oil production has had a limited impact on prices so far, but the situation remains uncertain and could cap further downside. OPEC+ plans to increase oil supply in October, which could further pressure prices. Most Read: […]
3 Resource Stocks Set to Benefit from Global Supply Shortages
Source: corlaffra / Shutterstock The CEO of NextEra (NYSE:NEE) recently stated that the demand for renewable energy will triple over the next seven years. Moreover, he forecasts that the overall demand for electricity will increase four times more quickly in the next 20 years compared to the previous 20 years. The CEO also expects batteries […]
ChatGPT maker’s CTO Mira Murati is departing from OpenAI
OpenAI CTO Mira Murati is leaving the ChatGPT maker OpenAI chief technology officer Mira Murati announced her resignation on Wednesday, a surprise change at the top of the influential AI company as it seeks to raise billions in new funding and undergoes a tumultuous transformation that has seen much of the old guard depart. Murati, […]