EUR/USD 1.18229
0.086%
Gold 3667.22
0.201%
Oil 64.016
0.645%
USD/JPY 147.381
0.272%
GBP/USD 1.36168
-0.049%
GBP/JPY 200.695
0.236%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
White House economic adviser Hassett: The Feds interest rate decision is a good first step.Wedbush: Raised Micron Technology (MU.O) price target to $200 from $165.September 18th: Today, reporters learned from the Canton Fair Press Center that, in response to the uncertainties of the external environment, the 138th Canton Fair has introduced further measures to benefit businesses. The offline exhibition will continue to offer a 50% reduction in booth fees, and exhibition fees will be waived entirely for exhibition areas such as rural revitalization. The online platform will extend the service package purchased by paid exhibitors for six months free of charge, and will provide six months of free basic service packages to non-paying exhibitors. These measures will benefit over 31,000 export exhibitors, including over 5,000 companies benefiting for the first time. The specific booth fee standards have been announced on the Canton Fair official website.Traders increased bets on Bank of England easing policy, predicting a 45 basis point rate cut by the end of 2026.On September 18, James Rossiter, head of global macro strategy at TD Securities, said: "We expect the (Bank of England) to cut interest rates by another 25 basis points in November. The banks decision to reduce the annual sales of UK government bonds purchased between 2009 and 2021 from 100 billion pounds to 70 billion pounds did not exceed our expectations - as the market has formed a relatively broad consensus on the scale of this adjustment. Although there was speculation that the Bank of England might adjust the wording of its statement, it turned out that its statement stance remained conservative."

BHP Thinks U.S. and Europe's EV Metals Search Will Benefit Australia

Charlie Brooks

Nov 03, 2022 14:56

13.png


According to BHP Group's nickel operations chief, eco-friendly mining and minerals for decarbonisation will benefit Australia (NYSE:BHP).


According to Jessica Farrell, Asset President for BHP Nickel West, the August passage of the U.S. Inflation Reduction Act, which allows substantial tax credits for battery cell processing, and the European Commission's Battery Recycling initiative show governments' increased focus on electric vehicle (EV) minerals like lithium, nickel, and copper.


"Given our efforts to solve these ethical and environmental challenges," Farrell remarked at an international mining conference in Sydney on Thursday.


The US Inflation Reduction Act links EV tax credits to domestic or 20 allied minerals, including Australia.


Since the Act passed, American mining and automotive firms have sought partnerships with Australian nickel and lithium producers.


BHP's Nickel West business has the second-largest nickel sulphide resource base and plans to increase nickel exploration over the next two years.


Nickel West supplies Tesla, Toyota, and Ford.


Farrell said BHP expects 60% of car sales to be electric by 2030 and 90% by 2040.


Nickel demand is expected to rise 200–300% over the next 30 years, according to BHP.


Farrell said BHP wants Australia to mandate all new vehicles be electric by 2035 and provide infrastructure.


"Canberra was the first Australian city to mandate electric cars by 2035 with generous incentives. We hope other governments would follow suit and invest the essential infrastructure for its success "said.

Suggestion