China’s squeeze on rare earths has revitalized interest in other metals over which it has effective control which helps explain why investors are taking a close look at Australia’s downbeat nickel sector. Easily the most depressed of the base metals, a sector which includes copper and aluminum, nickel’s price has been in cellar for three…
MOSCOW, RUSSIA – 2022/09/23: A truck blocks the highway from the Russian city of Samara to the Kazakh city of Oral. A traffic jam formed near the border crossing checkpoint. Stuck in their cars for days, truck drivers started blocking passage for light vehicles that attempted to cross the border around the queue. Some people…
Topline President Donald Trump on Friday threatened to impose “massive” tariffs on China after Chinese officials unveiled broader trade restrictions on rare earth minerals, deepening a trade rift with the U.S. ahead of expected talks between Trump and Chinese President Xi Jinping later this month. Trump will hold talks with Chinese President Xi Jinping later…
The EU’s Commissioner for Space and Defense, warns of the bloc losing influence in space as it expresses ambition to mine the moon and asteroids for resources. EPA Faltering energy security and unstable rare earths supply chains have prompted Europe to think creatively about securing its energy and strategic mineral supply. Brussels has decided to…
French wines like these and other imported wines are subject to tariffs 90.77% of the time. (Photo by: Deb Cohn-Orbach/UCG/Universal Images Group via Getty Images) UCG/Universal Images Group via Getty Images If you bought a nice, imported bottle of wine recently, there’s a better than 90% chance it entered the United States only after paying…
Autonomous speedboat designer Saronic aims to use its fat warchest to build America’s largest shipyard and help the US to once again dominate commercial and military shipbuilding. Ona muggy August morning in the sugar cane fields of Franklin, Louisiana, a group of executives from Saronic’s Austin headquarters stood sweating in blazers. Alongside them: local politicians…
Rosatom’s construction of nuclear reactors is a key geopolitical asset for Vladimir Putin, as sanctions weaken Russia’s economy during the war in Ukraine. Alamy Stock Photo While Russia’s economic performance has been lackluster as its war economy struggles to underpin growth, a clear bright spot remains: nuclear energy. Following the Shanghai Cooperation Organization Summit, where…
Group effort: Lotte Duty Free has a long history in attracting group visitors. Here are approximately 4,000 Chinese incentive tourists visiting its Myeongdong flagship store last year. Lotte Duty Free South Korea’s duty-free retailers, which have suffered from poor sales recoveries in the post-Covid era, including this year, might have an easier time as a…
Miniso’s overseas retail shops include this one in Manhattan. Russell Flannery Chinese lifestyle retailer Miniso Group Holding, led by billionaire Ye Guofu, has submitted an application to list its Top Toy subsidiary at the Hong Kong Stock Exchange, the Guangzhou-headquartered company said in an announcement on Friday evening. Details of the proposed spin-off, which has…
The impact of President Trump’s trade war with the world is easy to illustrate — and might even put a smile on his face. Getty Images President Trump might not be offended to be called “a bull in a china shop” when it comes to international trade. In fact, it might even bring a smile…