China has just shy of 10 times the steelmaking capacity of the United States. It has been accused of dumping cheap steel on the global market to beat out competitors. During his administration President Trump pushed China to cut production, and more recently, in 2024, President Biden raised tariffs on Chinese style and aluminum too. During 2024, China’s steel industry has been declining, and making cutbacks due to slumping domestic demand as well as anti-dumping measures taken by a number of nations. At the same time, China remains by far the world’s largest steel producer at over a billion tons per year,…
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(Bloomberg) — Archer-Daniels-Midland Co. said it will amend previous financial statements after finding additional accounting issues, prompting the crop trader to cancel its quarterly earnings call with analysts 14 hours before its start. Most Read from Bloomberg The move adds a new chapter to a scandal that wiped more than $8 billion of ADM’s market value on a single day earlier this year, prompted investigations by the US Department of Justice and Securities and Exchange Commission into its accounting practices, and led the company to remove Vikram Luthar as chief financial officer. ADM identified additional errors in the way it…
Sky F1 pundit Martin Brundle has expressed concerns regarding Lando Norris’s ability to compete against Max Verstappen for the Formula 1 World Championship in 2024. Brundle attributes Norris’s struggles to a “lack of experience” in championship battles, suggesting that this has hindered his performance in crucial moments. He believes that the pressure of competing for the title has exposed Norris’s shortcomings, particularly when facing a seasoned competitor like Verstappen, who is known for his aggressive racing style and “killer instinct.” During the recent Brazilian Grand Prix, Norris appeared poised to close the gap on Verstappen, having secured a strong pole…
Introduction In 2023, the global carbon offset market reached $2 billion, with projections suggesting a hundredfold increase by 2050. This explosive projected growth, touted as a solution to the climate crisis, masks a disturbing reality: carbon markets are fueling a new scramble for African land and perpetuating colonial-era exploitation. Carbon offset markets operate through the buying and selling of carbon credits. A carbon credit allows the holder to emit one metric ton of carbon dioxide or its equivalent in greenhouse gases. Carbon markets and offsetting practices have been widely embraced as market-based mechanisms to incentivise a transition to a low-carbon…
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Global insurance giant Marsh will explore a new market and insure purchased carbon credits to help companies protect themselves against potential fraudulent credits as the voluntary carbon market expands. Marsh, a subsidiary of the world’s largest insurance broker by revenue, unveiled the product Monday as a partnership with carbon credit insurer We2Sure. Marsh’s product will also give clients access to We2Sure’s carbon credit certification. The product will help de-risk carbon credit investments for businesses, as well as support the integrity…
In this analysis, I’ll leverage TipRanks’ Stock Comparison Tool to closely examine three leading AI investment opportunities. Although Nvidia (NVDA) has delivered an impressive five-year return of 2,524%, compared to under 200% for Microsoft (MSFT) and Google (GOOGL), I’m not convinced it represents the best long-term choice at this stage. Microsoft and Google, by contrast, offer greater medium- to long-term stability. Consequently, I am more bullish on these established Big Tech giants than on the newer AI-focused semiconductor player, Nvidia. Nvidia Stock Is Trading on Borrowed Time I’m currently neutral on Nvidia, even though it has delivered remarkable returns in…
Alexandria, VA – Review: The Little Book of Robo Investing -How to make money while you sleep Publisher: John Wiley and Sons Authors: Qian Liu and Source link
Key takeaways: Supply shortages, geopolitical tensions and changing regulations and policies will pose the greatest risks to critical mineral supply chains Price volatility and market unpredictability make it difficult to plan ahead, creating headwinds for new investment Investment into recycling, strengthening strategic partnerships and policy actions will help build more resilient supply chains What are critical minerals and what is their role in decarbonization and the energy transition? What are critical minerals? Critical minerals play a pivotal role in shaping the modern world, particularly in the context of decarbonization. These minerals, including rare earth elements like neodymium and dysprosium, as…
DuPont de Nemours (DD) raised its full-year profit forecast above Street estimates on Tuesday after the industrial materials maker beat third-quarter earnings target on strong demand for electronics and artificial intelligence-based technology. New orders improved in the US manufacturing sector in September, primarily driven by an AI surge and increased China demand, which helped DuPont raise its profit target for a third time. The manufacturer has also been benefiting from falling interest rates and lower material prices. DuPont’s electronics and industrial unit, the biggest in terms of turnover, reported a 13.4% rise in third-quarter net sales. Overall sales in the…
With the F1 2024 season nearing its end, Max Verstappen’s commanding win in Brazil has brought him to the brink of his fourth consecutive championship title. Starting from 17th on the grid, Verstappen demonstrated resilience and strategic precision, moving well ahead of Lando Norris and making a comeback by Norris all but impossible. The Brazilian Grand Prix highlighted Verstappen’s experience and consistency, leaving Norris with limited options as the season’s final races approach. Red Bull’s performance decline earlier in the season had allowed Norris to close the points gap, but recent adjustments have helped Verstappen reclaim his edge. Singapore marked…