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Contemporary Amperex Technology Co. Ltd. suffered its steepest two‑day drop in almost a year as investors evaluated the Chinese battery giant’s third‑quarter outlook and speculation it may scale back production.
China’s top iron and steel industry body has called on domestic mills to rein in production and reduce inventories as oversupply and weak demand weigh on the market.
Chinese aluminum production hit a record high last month as smelters rushed to meet the global shortfall caused by the war in the Middle East.
Venezuela produced 1.145 million barrels a day in August and the US imported 630,000 in June. What the payment claim does and does not rest on. The post Trump’s Venezuela Oil Claim, Measured Against the Production Data appeared first on The Rio Times.
Aptera co-CEO Steve Fambro joins Bloomberg Open Interest to explain why the solar EV startup is betting on China to lower costs and accelerate production, despite tariffs and policy uncertainty. He lays out Aptera’s self-charging promise, its planned California-first rollout, and why he believes a globally sourced model can succeed where other EV startups have struggled. (Source: Bloomberg)
Volkswagen will cut 50,000 more jobs by 2030. Four German plants may lose car production after 2031, but no Latin American plant is named. The post Volkswagen Cuts 50,000 More Jobs, Four German Plants at Risk appeared first on The Rio Times.