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☆ China comes just shy of Japan as the world's largest car exporter
▼ + stars: | 2024-01-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"In the first eleven months of 2023, auto shipments to Russia rose about six times that of 2022 in value terms." While he said it's still unclear exactly why Chinese cars are growing so quickly in Mexico, part of the reason is international automakers. Germany's Volkswagen was among the foreign car companies on track for their worst China market sales in years. Local vs. overseas marketsChinese car makers will likely increase their share of the domestic auto market to 75% by 2030, said Francoise Huang, senior economist at Allianz Trade. That would result in a nearly 40% drop in European car sales in China, she said.

Persons: Sarah Tan, Tan, Jorge Guajardo, Guajardo, it's, they've, BYD, Francoise Huang Organizations: Publishing, Getty, Ministry of Commerce, Moody's, D.C, Dentons Global Advisors, CNBC, Volkswagen, China, Allianz Trade, European Union Locations: LIANYUNGANG, CHINA, Lianyungang, Jiangsu province, China, BEIJING, Japan, Russia, Ukraine, Mexico, Belgium, Washington, U.S, Europe

☆ Mexico’s president is on the attack. It’s political ‘gold’ for his rival
▼ + stars: | 2023-07-22 | by ( David Shortell | ) edition.cnn.com time to read: +7 min

Gálvez’s remarkable ascent comes as President Andrés Manuel López Obrador has levied a near-daily stream of attacks against her. The immensely popular López Obrador is barred under Mexican law from seeking re-election after completing his six-year term. However it dismissed a complaint from Gálvez that the president had violated laws against gender-based political violence. In the days since the ruling against him, López Obrador has moved between open disregard, winking half-measures, and begrudging obedience. López Obrador has sought to tie the candidate to the country’s historic ruling elite with the claims, which she has denied.

Persons: Mexico City CNN —, Xóchitl Gálvez, Andrés Manuel López Obrador, López Obrador, ”, Gálvez, “ AMLO, ” Enrique Quintana, “, Carlos Bravo Regidor, López, Morena, –, Lopez Obrador, Fernando Llano, — Gálvez, El Financiero, I’m, Arturo Ramos Sobarzo, —, Ildefonso Guajardo Villarreal Organizations: Mexico City CNN, Frente, El, Quarterly, Morena, Morena flagbearer, PAN, CNN, National Electoral Institute, Center for Investigation, Informatics, Mexico City’s Escuela Libre, Supreme Locations: Mexico, Mexico City

☆ Chile's Codelco must kick-start lithium industry while reviving copper output
▼ + stars: | 2023-06-19 | by ( Fabian Cambero | ) www.reuters.com time to read: +4 min

At the same time, Codelco wants to boost its output of copper which has slumped to its lowest in a quarter-century. Some analysts have questioned whether the copper company with no experience as a lithium miner can tackle both challenges at once. But industry insiders told Reuters Codelco will probably focus its own resources on copper while negotiating contracts for lithium operations and letting other miners do the work. The sources said the lithium strategy was being led by executives including Jaime San Martin, manager of new business development, known by some within Codelco as "lithium man". "But I think lithium is an excellent opportunity for Codelco to help them navigate their very difficult copper situation."

Persons: Ivan Alvarado, SANTIAGO, Gabriel Boric, Codelco, Reuters Codelco, Albemarle, Jaime San Martin, Alejandro Rivera, Maximo Pacheco, Minera, SQM, Pacheco, Juan Carlos Guajardo, Plusmining, Guajardo, Andre Sougarret, Fabian Andrés Cambero, Alexander Villegas, Adam Jourdan, David Gregorio Our Organizations: REUTERS, Reuters, Tesla, BMW, Finance, Salares, Thomson Locations: Chile, Australia, Albemarle, Indonesia, Freeport, McMoRan, Chile's, Berlin, Beijing, Codelco, Santiago

☆ Chile's lithium takeover plan faces technical, political challenges
▼ + stars: | 2023-04-28 | by ( Fabian Cambero | ) www.reuters.com time to read: +7 min

[1/3] A view of a brine pool of a lithium mine on the Atacama salt flat in the Atacama desert, Chile, August 16, 2018. REUTERS/Ivan Alvarado/File PhotoSANTIAGO, April 28 (Reuters) - While Chile's plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges. CODELCO'S ROLEChile's state-run Codelco, the largest copper producer in the world, plays a key role in Boric's lithium plan although it has no experience in producing the white metal. The report noted that Argentina currently has more lithium projects in the pipeline than any other country in the world. Albemarle has said it needs new water sources to expand in Chile's Atacama salt flat, noting a desalination project was awaiting permits and construction.

[1/2] A train loaded with copper cathodes travels along a rail line inside the Chuquicamata copper mine, which is owned by Chile's state-run copper producer Codelco, near Calama city, Chile, April 1, 2011. Lundin last month agreed to pay $950 million for 51% control of the mine, calling the deal "an endorsement that we believe the mining royalty and taxation discussions are trending in the right direction." In the past 18 months, mining giants have been vocal about concerns in Chile. BHP Group Ltd (BHP.AX) said it might reevaluate its investments depending on new tax plans by the government, while Freeport-McMoRan Inc (FCX.N) has said it would pause expansion plans in Chile, citing political uncertainty. Lundin remains confident in the future of the Caserones project, which began operations in 2014 and has annual output of 100,000 tonnes of copper.

☆ Miss El Salvador dons golden bitcoin outfit at beauty pageant
▼ + stars: | 2023-01-13 | by ( Isabel Woodford | ) www.reuters.com time to read: +2 min

[1/3] Alejandra Guajardo, Miss Universe El Salvador 2022 poses on stage in an outfit inspired by the country's use of Bitcoin, and previously the colón and cocoa beans as a currency, during the 71st Miss Universe National Costume Show at the Ernst N. Morial Convention Center in New Orleans, Louisiana, U.S. January 11, 2023. Jan 13 (Reuters) - A Miss Universe contestant from El Salvador strutted onto stage this week wearing a bitcoin-inspired gold bodysuit, a glittering tribute to her country becoming the world's first to adopt the crypto-currency as legal tender two years ago. Designed by fellow Salvadoran Francisco Guerrero for the "national costume" stage of the competition, the currency-themed outfit includes a staff topped with a golden bitcoin and a huge colon coin strapped to her back ringed by cacao beans. Guajardo's costume caught the attention of the online Bitcoin community on Thursday, with many pledging their support and rooting for her victory. Reporting by Isabel Woodford; Editing by David Alire Garcia and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Results: Mayor Paulette Guajardo defeats John Wright in Corpus Christi, Texas' mayoral election
▼ + stars: | 2022-11-16 | by ( Hanna Kang | Isabella Zavarise | ) www.businessinsider.com time to read: +1 min

Incumbent Mayor Paulette Guajardo defeated John Wright in Corpus Christi, Texas' mayoral race. Polls closed in the state at 7 p.m. local time. Given the state has multiple timezones, the first polls closed at 8 p.m. EST and the last polls closed at 9 p.m. EST. Prior to her time as mayor, she served on the Corpus Christi City Council for two terms and owned a small business for 15 years. Wright, however, claimed to have lived in Corpus Christi for nearly six years.

☆ Mayor Paulette Guajardo faces off against John Wright in Corpus Christi, Texas' mayoral election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +1 min

Incumbent Mayor Paulette Guajardo is running against John Wright in Corpus Christi, Texas' mayoral race. Polls close in the state at 7 p.m. local time. Given the state has multiple timezones, the first polls close at 8 p.m. EST and the last polls close at 9 p.m. EST. Prior to her time as mayor, she served on the Corpus Christi City Council for two terms and owned a small business for 15 years. Wright claims to have lived in Corpus Christi for nearly six years.

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