As reported by Bloomberg, Russia’s largest mining company, Nornickel is negotiating to establish a major copper smelting facility in Fangchenggang, a port city in China’s Guangxi region. The proposed plant will use raw copper concentrate transported from Russia and will have the capacity to refine up to 500,000 tons of copper annually. This project aims to bring the final processing a step closer to China’s vast metal market. Nornickel’s Push for Joint Ventures in China Amid Western Sanctions Nornickel is Russia’s leading metals and mining company and the world’s largest high-grade nickel and palladium producer. President, Vladimir Potanin said that the company…
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The Mazda CX-5 has been in production since 2017, which is a long run by automotive industry standards. Despite the many newer compact crossover competitors, the CX-5 remains a standout for its sleek design and engaging driving experience. Mazda introduced the slightly larger, pricier CX-50 in 2023, but it didn’t reduce the CX-5 lineup to accommodate the newcomer. Instead, the CX-5 still offers eight trims, two four-cylinder engine options (including a turbocharged version), front- or all-wheel drive options, a refined interior, and an enjoyable drive. While rivals like the Honda CR-V and Toyota RAV4 may have an edge in practicality,…
HAUPPAUGE, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (Nasdaq: NASDAQ:) (Dime or the Company), the parent company of Dime Community Bank, announced the closing of its public offering of 4,492,187 shares of its common stock, $0.01 par value (the Common Stock), at a public offering price of $32.00 per share, which included 585,937 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The total gross proceeds from the offering were approximately $144 million. The Company received net proceeds from the offering of approximately $136 million,…
IEA defines energy intensity as the amount of primary energy used to produce a given amount of economic output. It is the key global indicator to track energy efficiency- which is technically the rate of change in primary energy intensity. At COP28, at least 200 countries pledged to double energy efficiency improvements by 2030. This is because this factor drives the world’s climate goals. Recently, IEA has rolled out its 2024 Energy Efficiency Report which has decoded the significance of energy efficiency with rising energy demands. Let’s deep dive into this… Energy Demand Surges with Electrification A transition to electrification…
Chrysler is streamlining its Pacifica minivan lineup for the 2025 model year by cutting down the number of trim levels from five to three, while also standardizing features across both the gas engine and plug-in hybrid versions. The base model, now known as the Select, replaces the 2024 entry-level Touring trim and incorporates elements from the 2024 Touring L. This new Select trim is available with either powertrain, as is the top-tier Pinnacle. Meanwhile, the mid-level Limited is exclusively offered with the gas engine. Powertrain Specs and MPG The gas engine in the Pacifica is a 3.6-liter V-6 that produces…
Investing.com — Following the recent U.S. elections, domestic equity ETFs experienced a surge in inflows, largely directed at large-cap core exposures, according to Citi. “Domestic Equity flows were overwhelmingly positive,” Citi stated, with the post-election environment favoring riskier assets. Total (EPA:) U.S. equity ETF inflows reached “an impressive $46.3 billion,” of which nearly $14 billion was funneled into large-cap core. Smaller-cap ETFs also saw significant inflows, which were notably strong relative to market cap, said Citi. The bank said investment trends leaned heavily towards cyclical sectors, particularly , which led inflows within sector-based ETFs. Additionally, the report noted increased investor interest…
(Bloomberg) — Shell Plc is looking to sell part of its portfolio of nature-based carbon projects amid a market contraction for emissions offsets. Most Read from Bloomberg The plan continues the oil major’s shift as Chief Executive Officer Wael Sawan focuses on driving returns for the business. The company has retreated from operations where it doesn’t see a strategic advantage, such as offshore wind development, despite pledges in recent years to deliver significant growth in these low-carbon areas. Shell first launched the portfolio of offsets, which covers dozens of projects, in 2018. Three years later, it set a target to…
Shell Plc is looking to sell part of its portfolio of nature-based carbon projects amid a market contraction for emissions offsets.The plan continues the oil major’s shift as Chief Executive Officer Wael Sawan focuses on driving returns for the business. The company has retreated from operations where it doesn’t see a strategic advantage, such as offshore wind development, despite pledges in recent years to deliver significant growth in these low-carbon areas. Source link
Investing.com — Analysts at Williams Trading and BTIG have upgraded their ratings for On Holding AG (ONON) to Buy from Hold/Neutral, following strong third-quarter results and promising forward guidance. Williams Trading raised its price target from $40 to $60, highlighting that On Holding’s “brand management turns On beyond our expectations.” The firm emphasized On’s improved inventory control and increased commitment to a pull model, which it believes removed the risks it had been concerned about just a week earlier. “The 3Q24 results, which beat consensus on revenue, gross margin, and SG&A,” further support the upgraded outlook, Williams Trading added, although EPS…
As its name suggests, the T8 AWD plug-in hybrid is the plug-in hybrid variant of Volvo’s XC60. This model offers an EPA-estimated 35-mile electric driving range, after which the gas engine seamlessly activates, converting the SUV to a standard hybrid that achieves 28 mpg in combined driving—3 mpg more than the regular XC60. To maximize fuel efficiency, daily charging is recommended. In terms of performance, the T8 AWD plug-in hybrid powertrain stands out with an impressive 455 horsepower, over 200 hp more than the standard XC60. Volvo XC60 PHEV Insights Trim: XC60 T8 Core All-Electric Range: EPA Estimate Not Available…