What this materials more means for the rest of the world. The consensus is that will be damaging not fatal for the United States. The reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. You dontjust dig them up from the ground, they are derived from a more complicated Reduction Process and china has that capability. So governments and businesses will have to rely on cheaper substitutes and alternative sources. It means prices will go up, it means some products might be less effective and some production right be delayed. 50 some production right be delayed some production right be dela ed. , delayed. So this sort of poses a bit of an delayed. So this sort of poses a bit of an existential delayed. So this sort of poses a bit of an existential thread i a bit of an existential thread for western industry. Finding a place for western industry. Finding a place for for west
to experts there is consensus global crude prices have been dropping, and in such a scenario, countries prefer the cheaper option. that is, to halt domestic production and rely more on imports. that is what india has done as well. so you continue to see negative growth in that territory. why are these industrial growth figures important? it is because these core sectors contribute about 40% of india s industrial growth, a key barometer to india s economic growth as well. arunoday mukharji there. well, from big oil to big electric. exxon mobil is betting on an ev boom and is currently exploring getting into the lithium market. michelle fleury has more. lithium is a key ingredient in rechargeable batteries. against this backdrop, exxonmobil, the most powerful among the traditional energy companies, is considering getting into the lithium market to produce the electric vehicle battery metal.
well, from big oil to.big electric. exxon mobil is betting on an ev boom and is currently exploring getting into the lithium market. michelle fleury has more. lithium is a key ingredient in rechargeable batteries. against this backdrop, exxonmobil, the most powerful among the traditional energy companies, is considering getting into the lithium market to produce the electric vehicle battery metal. this is what darren woods, exxon s chairman and ceo, told investors during the company s recent earnings call. we re, i d say, actively exploring that opportunity set and like what we re seeing so far. mr woods described lithium mining as a naturalfit for the company. extracting the lithium is very consistent with a lot of the things that we do in our refineries and chemical plants and, in fact, in some of our upstream operations. so that piece of the equation is, again, not new to the company. exxonmobil is rumoured to be in talks with tesla, ford motor, volkswagen and other auto makers to s
Indonesia may impose a tax on nickel exports this year, as the country, the biggest producer of the electric-vehicle battery metal, looks to refine more at home, according to President Joko Widodo.