[ad_1] ReutersIn race to regain rare earth glory, Europe falls short on mineral goalsFour decades ago, a rare earth processing plant on France's Atlantic coast was one of the largest in the world, churning out materials used….Jun 28, 2024 [ad_2] Source link
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[ad_1] Looking ahead to the third quarter, fundamentals are still pointing to downside risks – Chinese steel demand is still muted on slowing construction and infrastructure activity amid the summer slowdown. The property sector constitutes the bulk of steel demand. Although all major Chinese cities have rolled out measures to revive the property market, Beijing’s stimulus measures have not yet materialised into higher demand for iron ore. Unsold housing inventories remain high, and sales have been slow. As long as inventories remain elevated, new investment and building activity will remain depressed, and the drag on growth will persist, our China economist…
[ad_1] AMD Chief Predicts Custom Chips Will Outperform GPUs, Sees Shift in AI Chip Demand: ReportAdvanced Micro Devices, Inc. (NASDAQ:AMD) chief Lisa Su shared insight into the prospects of graphics processing units (GPUs) in the near term, almost to the extent of taking a dig at rival Nvidia Corp (NASDAQ:NVDA) and hyperscalers like Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google.As AI models become more standardized, there’s potential to create custom chips that offer greater energy efficiency, smaller sizes, and lower costs.According to the WSJ report, Su highlighted this opportunity, noting that while GPUs remain the top choice for large language…
[ad_1] The iconic Danish toy company, LEGO, has taken an unexpected turn by collaborating with the high octane world of Formula 1. This partnership, while seemingly unconventional, is rooted in a strategic move to capitalize on the growing popularity of the racing series, particularly among younger audiences. By entering the Formula 1 world, LEGO aims to tap into a demographic that is increasingly drawn to the excitement and speed of the sport. The toy company’s decision is backed by data indicating a significant surge in Formula 1 viewership among children and young adults. This demographic aligns perfectly with LEGO’s core…
[ad_1] SALEM, Ohio (WKBN) – There’s an opportunity with a Valley metals industry company that stretches across its footprint. BuTech Bliss is known around the world for its equipment building. Most of its business is building equipment to help companies flatten steel coils and turn them into something else. “Our customers in the metals industry are really looking for more equipment. They’re expanding and wanting to buy more, produce more,” said BuTech Bliss President Jock Buta. Buta is president of the Salem company which he says is feeling a drive for equipment that’s higher strength. This piece of equipment is…
[ad_1] The “doom loop” has arrived, with federal funding for transit running out, cities cutting service and ridership still not fully recovered from the pandemic. (Streetsblog USA) The work-from-home trend shouldn’t mean transit agencies cut service. Instead, they should be expanding to help people get places other than work. (Philadelphia Citizen) The Biden administration’s tax subsidy program for fossil fuel companies that bury carbon underground lacks safeguards. (New York Times) The Transit app now includes safe bike routes that riders can customize based on their preferences. (Mass Transit) In his latest book, pro-transit architect Vishaan Chakrabarti makes the case that…
[ad_1] The minivan market, once a bustling hub of family transportation, has seen a significant shift in recent years. While crossovers and SUVs have become the preferred choice for many, the minivan segment still holds its ground, albeit with a smaller footprint. Despite the decline in popularity, the Chrysler Pacifica continues to reign supreme as America’s favorite minivan, outselling its competitors. However, the Honda Odyssey, Toyota Sienna, and Kia Carnival are not far behind, demonstrating a resurgence in interest for this once-dominant vehicle type. The Chrysler Pacifica’s enduring popularity can be attributed to its combination of features, including spacious interiors,…
[ad_1] Image source: Getty Images When I scan through the FTSE 250, one stock that stands out is J D Weatherspoon (LSE: JDW). The no-frills pub chain has an iconic brand and dominant competitive position in the industry. However, the industry’s struggling badly. Another 350 pubs closed their doors across England and Wales in the first half of this year, according to data from Altus Group. That doesn’t include pubs that are vacant and being offered to let. It looks like further tax rises are coming in 2025, which will make things even more difficult for the industry. So I…
[ad_1] The 1978 Lincoln Continental Mark V Diamond Jubilee Edition stands as a testament to the opulence and grandeur of the automotive era. Its imposing stature, adorned with a striking Diamond Blue Metallic hue and a Landau style vinyl roof, immediately commands attention. This two door coupe, a product of Ford’s Wixom Assembly plant, was a departure from the downsizing trend of the time, boasting a length that defied modern parking standards. Equipped with a plush blue cloth interior, bucket seats, and a host of luxury amenities, the Mark V offered a level of comfort and sophistication that few cars…
[ad_1] TD Cowen demonstrated confidence in MicroStrategy (NASDAQ:MSTR) by raising the company’s price target to $200 from the previous $195, while retaining a Buy rating on the stock. The adjustment follows MicroStrategy’s recent financial maneuvers, which have notably reshaped its investment capacity. The company successfully completed debt transactions last week, which allowed it to purchase an additional 7,420 bitcoins at an average price of $61,750, totaling approximately $458 million. This strategic move not only expanded MicroStrategy’s bitcoin holdings but also significantly reduced its interest expenses. TD Cowen highlighted that MicroStrategy has effectively increased its ability to acquire more bitcoin in…