Jul 25 2020nbsp018332China commands a 60 share in natural graphite mining and the country holds a virtual monopoly in supplying graphite for EV battery anode material The worlds top three anode producers are.
Australias Syrah Resources fired up a graphite processing facility this month in the U S state of Louisiana to turn the mineral mined in Mozambique into the precursor for EV battery anodes The long production chain from Africa to North America then on to automakers worldwide aims to provide an option for geographic diversification says Syrah.
The company wants to become the first vertically integrated producer of anode material outside China Its U S operations will target American and European manufacturers wary of dependence on the Asian giant.
Sep 03 2020nbsp018332Crown Resorts former head of VIP operations Jason OConnor was imprisoned in China for 10 months This profit motive quotmay have blinkeredquot.
Sep 02 2020nbsp018332Crown Resorts former international high rollers boss Jason OConnor was warned as early as March 2014 that the James Packer backed casino giant should move its staff out of China.
The plant will process graphite mined in Tanzania and ship 2 310 tons of anode material to Thyssenkrupp in the first active year of the deal Volume rises to 10 020 tons starting in the third year enough to produce batteries for about 370 000 electric autos.
EcoGraf differentiates itself with a purification process that does not use hydrofluoric acid an expensive and environmentally hazardous material.
The company can reduce production costs compared with Chinese rivals by eliminating use of hydrofluoric acid It expects production costs to be below the existing supply from China while providing a diversified supply and low sovereign risk said Andrew Spinks managing director of EcoGraf The business is in talks to supply Japanese and South Korean clients as well he said.
Apr 09 2019nbsp018332China signaled its intent to ban cryptocurrency mining dealing a fresh blow to an industry buffeted by tumbling virtual currency prices stiff competition and waning investor interest.
In the six months through June Gree sold 41 billion yuan 6 billion worth of air conditioner products compared with Mideas 64 billion yuan according to data from the two firms semi annual earnings reports released link in Chinese Monday.
It is the first time in at least two decades that Gree has lost its market crown in air conditioning With both companies based in South Chinas Guangdong province Gree makes most of its revenue from selling air conditioners but Midea has a more diversified set of businesses including an industrial robot manufacturing unit.
Sep 01 2020nbsp018332Chinas air conditioner market has been jolted by Gree Electric Appliances Inc s surrender of its top player crown to rival Midea Group Co Ltd In the six months through June Gree sold 41 billion yuan 6 billion worth of air conditioner products compared with Mideas 64 billion yuan according to data from the two firms semi annual earnings reports released link in Chinese Monday.
Aug 31 2020nbsp018332In Africa China has invested heavily in the oil and mining industries in exchange for advantageous trade deals while also increasing its military footprint there Chinese high rises dot.
Both companies in their respective earnings reports cited the Covid 19 pandemic as a drag on business during the first half of this year However Mideas edge built up over many years to sell products through online channels allowed it to cope with the pandemic much better than Gree.
For the six months through June Grees overall sales of air conditioner products were down 48 on the same period last year compared with just 10 for Midea according to the two companies earnings reports.
Amid sluggish sales at its physical retail stores during the pandemic Gree launched a campaign in April to increase sales online as part of a long running effort to bolster its sale performance over the internet.
Chairwoman and President Dong Mingzhu made headlines at the time after appearing in several social media platforms including Douyin the Chinese mainlands version of TikTok to sell products herself through live streaming programs.
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Mar 05 2020nbsp018332China is close to granting approval to some of its biggest state owned companies to start developing the northern area of Simandou in Guinea one of the worlds largest untapped iron ore.
Aug 10 2020nbsp018332Commodities giant Glencore triggered a 135 million coal royalty fight with the Queensland government and drinks maker Coca Cola Amatil has become collateral damage The Supreme Court fight.
A 91bn Nordic asset manager has dumped its investments in ExxonMobil Chevron and miner Rio Tinto in protest over their lobbying on climate change issues Storebrands move is thought to be the.
DPS Bokaro once again had a proud moment with one of its alumni Sanchit Kumar 2017 batch made it to the top honour in Netherland based KPMGs Klynveld Peat Marwick Goerdeler Ideation.
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