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LME copper prices hit 7-year high

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On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper prices plunged 27% to a low of US$4,617/t in late March as the global impact of COVID-19 became apparent, but copper stabilized and then began to rise, completing a full recovery to its January starting point by the end of July.

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Tesla signs 2-year, $2.9B order with South Korea’s L&F for high-nickel cathode materials

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The value of the deal is calculated on the basis of L&F’s recent cathode sales price, and may change depending upon fluctuations in lithium pricing. L&F currently supplies LiNiMnCoO 2 , LiCoO 2 and LiMn 2 O 4 materials, with customized high-nickel NCM materials for high-performance products.

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EIA: US average gasoline prices before Memorial Day highest since 2014

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The average retail price for regular gasoline in the United States on 24 May, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to the US Energy Information Administration’s (EIA’s) weekly Gasoline and Diesel Fuel Update. gal for several weeks.

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IDTechEx: despite efforts to reduces rare-earth use, percentage of permanent magnet-based EV motors rising

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Additionally, the Chinese electric vehicle market is the largest in the world and due to their control of the rare-earth supply, most Chinese vehicle models utilize permanent magnet motors. China accounts for the vast majority of rare-earth production worldwide and this has, in the past, led to huge price volatility.

Motors 397
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Celeroton introduces new turbo compressor system for fuel cell systems

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Celeroton has launched its new high-speed turbo compressor system CT-2000 with converter CC-2000 for fuel cell systems. This results in significant advantages due to the savings in materials and machining, assembly and commissioning processes, creating an attractive price/performance ratio.

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Saudi Arabia And Iran Reignite The Oil Price War

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The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. a barrel above the Dubai/Oman average , used for pricing oil to Asia.

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Tognum starts up new engine plant in US for MTU Series 2000 and 4000

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A new US production facility set up by the specialist for propulsion and power solutions Tognum in Aiken, SC, is now up and running assembling Tognum’s MTU Series 2000 and 4000 engines primarily for the US market. “We used the low real estate prices during the economic crisis to prepare ourselves for further growth in the USA.

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