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How Lithium Producer Albemarle Took Over The EV Industry

Demand for lithium, a key component for electric vehicle batteries, is expected to surge from 500,000 metric tons of lithium carbonate in 2021 to three to four million metric tons by 2030, according to McKinsey & Company. Albemarle, the world's top producer of this critical metal and the operator of mines in Australia, Chile and the U.S., says it plans to bring another domestic lithium mine online by 2027 Kings Mountain in North Carolina. "We need to get the green stuff out and that will produce what's called a spodumene concentrate," said Matthew Hastings, group geologist for Albemarle. "That concentrate will run about 6% lithium oxide, so the intent there is to produce that concentrate, that will be what we give to conversion facilities." That concentrate will likely end up in Albemarle’s soon to be built $1.3 billion processing facility in South Carolina where it is turned into battery-grade lithium hydroxide. The plant will support the manufact ....

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How Virtual Layoffs Became The New Normal For Workplaces

The rise of remote work during the Covid-19 pandemic has now brought about the rise of the virtual layoff. Last November, Meta laid off 11,000 workers, and its CEO, Mark Zuckerberg, delivered the news over a remote video call. In April, McDonald’s temporarily shut down its corporate offices and fired hundreds of employees virtually. Meta declined to send a statement, but a company’s spokesperson noted that the company has multiple locations in the world and cannot do all layoffs in person. The practice is leading to a public debate over layoff etiquette whether giving employees the bad news is more dignified than locking them out of their email accounts overnight. “McDonald’s is teaching a master class in layoffs,” Jessica Kriegel, chief scientist of workplace culture at Culture Partners, told CNBC’s “Squawk Box” in April. “If I were getting laid off, I’d want to be laid off at home, not at the office.” McDonald’s declined to comment. Critics of the remote lay ....

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How Amazon's Drone Delivery Fell Behind Walmart And Alphabet

Amazon says its Prime Air drones recently completed 100 deliveries in two small U.S. markets. Meanwhile, competitors like Alphabet’s Wing and Walmart partner Zipline have made hundreds of thousands of deliveries, largely outside of the regulatory confines of the U.S. in markets like Australia and Africa. We went to Lockeford, California, a 4,000-person town that’s one of two places where Amazon has begun deliveries. But we saw no aerial activity and talked to residents who hadn’t either. We also visited drone companies Wing, Zipline and DroneUp to see their deliveries in action and ask about clearing Federal Aviation Administration hurdles. Here’s how Amazon fell behind, despite all drone companies facing the same stringent regulations here in the U.S. Chapters: 2:25 A decade of promises 6:18 Regulations and economics 11:57 How others got ahead 16:43 Public acceptance Produced and Shot by: Katie Tarasov Edited by: Evan Lee Miller Supervising Producer: Jeniece Pettitt Animation: ....

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How LVMH Became A $500 Billion Luxury Powerhouse

How LVMH Became A $500 Billion Luxury Powerhouse
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How The U.S. Is Stalling A Recession

Wall Street investors remain braced for a recession. But a turndown hasn’t yet materialized, due to strong demand from U.S. consumers. Spending makes up roughly 68% of the U.S. economy. It’s remained strong amid high inflation as high-income Americans draw down generous savings accrued in the pandemic. Lower-income Americans who may have exhausted their pandemic savings are increasingly turning to credit cards to finance daily life.
Chapters:
00:00 Introduction
01:15 Budgets
04:24 Credit
06:13 Split economy
Produced by: Carlos Waters
Supervising Producer: Lindsey Jacobson
Graphics: Christina Locopo
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