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US, Philippines Eye Agreement to Cut China Nickel Dominance

(Bloomberg) The U.S. and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries. Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysAmazon Reports Strong Cloud Unit Sales on Rising AI DemandPot Stocks Surge on Report DEA Set to Reclassify MarijuanaHSBC CEO

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Research and Markets: Europe Electric Vehicle Aftermarket Industry Report 2024: Market to Surpass $50 Billion by 2032, Driven by Electric Vehicle Battery Repair and Replacement and EV Component Recycling and Disposal

Research and Markets: Europe Electric Vehicle Aftermarket Industry Report 2024: Market to Surpass $50 Billion by 2032, Driven by Electric Vehicle Battery Repair and Replacement and EV Component Recycling and Disposal
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carbon emissions: US awards record $6 bln to back industrial emissions reduction projects

The U.S. Energy Department is granting $6 billion for 33 industrial projects in 20 states to reduce carbon emissions. This investment will create union jobs and enhance U.S. competitiveness. The largest project will install new technology at a steel facility in Ohio to cut emissions by 1 million tons. These initiatives aim to eliminate 14 million metric tons of pollution yearly, equivalent to removing 3 million gas-powered vehicles from roads. The funding recognizes efforts by industries like cement, a major CO2 emitter.

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