Saudi Arabia could save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut costs to fund investments, reports Reuters. IAC Desk
Australia’s annual export of roughly 11,000 tonnes of live rock lobsters came to a halt when China unofficially banned them last year amid trade woes, reports South China Morning Post. IAC Desk
Achieving the goals of the 2015 Paris Agreement will be difficult without ultimately phasing out coal in India, among other countries. In March 2020, prior to COVID-19, India had the third largest coal generating capacity in the world. Behind China, India also had the second largest pipeline of new coal plants slated for construction, a report by […]
Two months after their expiration, Chinese import permits for hay from 25 Australian businesses have not been renewed, as the political and trade conflict between the two major trading partners crosses the one-year milestone, the South China Morning Post reported. IAC Desk
Australia has recorded its highest ever monthly exports to China in March with $US13.2 ($17.26 billion) billion worth of goods headed to the country. According to figures released by China’s customs agency, quarterly exports to China rose by 20.9 per cent compared the first quarter of 2020, according to a report by Australian Mining. IAC […]
Aluminum prices jumped to their highest in nearly three years, as Chinese trade data shows export momentum remained strong in March after record gains in February, while imports topped expectations, according to a report by Seeking Alpha. Deepan JoshiDeepan is a seasoned journalist with over 24 years of experience. Deadlines bring out the best in him and […]
Will the lightning pace of battery innovation last? A report by the European Patent Office and International Energy Agency has shown the massive growth of battery technology innovation since 2000 and given an insight into how and where innovation will continue, Power Technology reports. IAC Desk
China’s imports and exports continued their strong rebound in March, data released on Tuesday showed. Exports grew by 30.6 per cent last month from a year earlier to US$241.13 billion, down from the 60.6 per cent seen in January and February, and below the median result of a survey of analysts conducted by Bloomberg, which predicted 38.1 per […]
Faced with a barrage of vitriol over its position on Xinjiang, the Better Cotton Initiative – an organisation that prides itself on “creating transparency” – has gone to ground, the South China Morning Post reported. IAC Desk
Grain markets are keeping a close eye on the upcoming WASDE Report that’s set to be released by the USDA at 11 am Central Time on Friday. The report is released monthly, and provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds, and cotton, kmaland.com reported. IAC Desk
