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EIA: US ammonia prices rise in response to higher international natural gas prices; up by a factor of 6 in two years

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The US price of ammonia, the primary source of nitrogen fertilizer, has risen by a factor of six in the past two years, and most of these increases have occurred since March 2021, according to the US Energy Information Administration (EIA). Although US natural gas prices also rose, they ended the 2021–22 heating season at close to $5.00/MMBtu,

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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

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Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.

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EIA: International demand will drive US production of petroleum and other liquids through 2050

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Strong continuing international demand for petroleum and other liquids will sustain US production above 2022 levels through 2050, according to most of the cases in the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2023 (AEO2023). These cases include: The Reference case, which serves as a baseline, or benchmark, case.

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International Maritime Organization (IMO) adopts revised strategy to reduce GHG emissions from international shipping.

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Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80) earlier this month, adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships.

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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

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Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Additionally, both manufacturers recently announced significant price cuts on both models.

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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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Analysts: 40% drop in 2023-2025 EV battery prices will boost sales

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A number of factors may be converging to lower EV battery prices, which in turn could boost EV demand, according to new analysis from Goldman Sachs.

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