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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

Green Car Congress

BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

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Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to GlobalData. Geopolitical issues such as the Russia-Ukraine situation disturb the fine balance of battery metal supply chains. Trading had yet to resume as of 10 March.

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Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto

Baua Electric

million tonne, according to Nikkei Asia. Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. million tonne, according to Nikkei Asia.

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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In contrast to 2022 when the OECD led the expansion, non-OECD economies are set to account for nearly 80% of growth next year. Non-OPEC+ is set to lead world supply growth through next year, adding 1.9 Nevertheless, product markets are expected to remain tight, with a particular concern for diesel and kerosene supplies.

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Tesla works with global shipping company to digitize data and “stabilize logistics networks”

Teslarati

Tesla is helping Chinese state-owned company COSCO Shipping digitize its vast shipping data. COSCO has agreed to share shipping data with Tesla so the EV maker can test the system in the Chinese company’s Shanghai port. “We Last week, Elon Musk hinted at issues with the global supply chain for raw materials.

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Roskill: Japanese steel industry is poised for a major downsizing in the years to come

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Nippon Steel’s announcement is the latest example of the challenges faced by the steel industry in developed economies, notes Roskill: overcapacity and environmental regulations. China is increasingly gaining market share in Southeast Asia, the region’s battleground. —Nikkei report.

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Tesla looks to ensure local suppliers’ production amid China’s power cuts

Teslarati

Tesla’s Gigafactory Shanghai currently gets a lot of its supply from local companies, but amidst China’s power cuts in Sichuan province, some suppliers are at risk of having their lights turned off. By doing so, the stability of the automakers’ supply chain can be ensured. .

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