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☆ Here are Wednesday's biggest analyst calls: Apple, AT&T, Tesla, Amazon, Meta, Microsoft, Spotify and more
▼ + stars: | 2023-07-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan adds Qualcomm and HP Inc. to the focus list JPMorgan added HP Inc. to the focus list and said it's a top value idea. The firm also added Qualcomm to the focus list and says it's a top growth idea. JPMorgan adds Charles Schwab to the focus list JPMorgan added the stock to its focus list after its earnings report and said it sees "improving fundamentals." Bank of America reiterates Amazon as buy Bank of America said it's bullish heading into Amazon earnings later this month. Bank of America reiterates Block as buy Bank of America said shares of the company formerly known as Square are undervalued.

Persons: Tesla, it's, Charles Schwab, Schwab, Jefferies, Berkshire Hathaway, Archer, Guggenheim, ServiceNow Organizations: JPMorgan, Qualcomm, HP Inc, Watch, Cisco, " Bank of America, of America, Bank of America, Meta, UBS, Berkshire, Citi, Republic Services, Hollywood, Argus, Street, Aviation, UW, DuPont, Texas, Microsoft, Apple Locations: 2023E, 2025E, Berkshire, ACHR, EE

☆ Analysis-In China's lithium hub, mining boom comes at a cost
▼ + stars: | 2023-06-15 | by ( Siyi Liu | Dominique Patton | ) www.reuters.com time to read: +7 min

FILE PHOTO: A vehicle is seen near a lithium smelter in Yichun, Jiangxi province, China March 30, 2023. It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China’s top lithium producers Ganfeng Lithium and Tianqi Lithium. Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. ‘NATURAL RESOURCES CHAOS’Further dimming the outlook for lepidolite, environmental damage is a growing concern. UBS analysts see China’s supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun’s target.

Persons: ”, Yang Yaohua, Yang, Wu Wei, Eric Norris, ” Norris, Yongxing, Yichun, Ma Jun, ” Ma, Vicky Zhao, Li Qi Organizations: REUTERS, Staff, Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, lepidolite, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence Locations: YICHUN, China, Yichun, Jiangxi province, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi

It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China's top lithium producers Ganfeng Lithium (002460.SZ), (002460.SZ) and Tianqi Lithium (002466.SZ). Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. 'NATURAL RESOURCES CHAOS'Further dimming the outlook for lepidolite, environmental damage is a growing concern. As it gets stricter now, lithium resources in Yichun will lose their competitiveness with the higher costs for environmental protection," Ma said. UBS analysts see China's supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun's target.

Persons: YICHUN, Yang Yaohua, Yang, Wu Wei, Eric Norris, Norris, Yongxing, Yichun, Ma Jun, Ma, Vicky Zhao, Li Qi, Siyi Liu, Dominique Patton, Ernest Scheyder, Tony Munroe, Sonali Paul Organizations: Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, Corp, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence, Beijing Newsroom, Thomson Locations: China, Yichun, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi, Houston

☆ China's CATL to start mass production, delivery of M3P batteries this year
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: 1 min

SHANGHAI, March 24 (Reuters) - Chinese battery giant CATL (300750.SZ) plans to start mass production and delivery of batteries based on a new materials technology, M3P, which will perform better but cost less than nickel and cobalt-based batteries, its chairman said. Zeng Yuqun made the comments in an online investor briefing on Friday. M3P batteries will have greater energy density and perform better than lithium-ion phosphate batteries, a market CATL dominates, but will be cheaper than nickel and cobalt-based batteries, he added. Reporting by Zhang Yan and Brenda GohOur Standards: The Thomson Reuters Trust Principles.

☆ Umicore CEO discusses having a fully integrated European battery material supply chain
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUmicore CEO discusses having a fully integrated European battery material supply chainMathias Miedreich, CEO of Umicore, discusses the materials technology company's full-year results and growth strategy for 2023.

FRANKFURT/HAMBURG, Nov 18 (Reuters) - German carmaker Volkswagen (VOWG_p.DE) is holding discussions with investors to join its battery division ahead of a possible partial initial public offering (IPO) of the subsidiary, two people familiar with the matter told Reuters. The idea is to bring in investors pre-IPO so Volkswagen can gauge how the division - named PowerCo - might be valued in a potential flotation, the sources said, adding that Volkswagen is working with advisers on a potential deal structure. Volkswagen has set aside 20 billion euros ($21 billion) for investment in its battery cell business, with the PowerCo unit managing its battery production and research from mining to recycling and projects including energy storage systems. Former Volkswagen CEO Herbert Diess floated the idea of a listing in May last year as a means of funding the carmaker's battery expansion plans. Volkswagen's US charging station network Electrify America, in which Siemens (SIEGn.DE) has invested a low three-digit million amount, could serve as a model for investor participation, the second source said.

☆ Volkswagen's PowerCo and Umicore team up on battery materials
▼ + stars: | 2022-09-26 | by ( Victoria Waldersee | ) www.reuters.com time to read: +2 min

REUTERS/Imelda MedinaBERLIN, Sept 26 (Reuters) - Volkswagen's (VOWG_p.DE) PowerCo and materials technology firm Umicore announced a 3 billion euro ($2.9 billion) joint venture on Monday that will produce battery precursor and cathode material from 2025, likely at Umicore's new plant in Poland. The venture will start with a target of 40 GWh by 2026, with Volkswagen's Salzgitter battery plant the first to receive material. Register now for FREE unlimited access to Reuters.com RegisterThere is a "strong industrial logic" to locating production at Umicore's newly inaugurated battery materials plant in Nysa, Poland, Umicore CEO Mathias Miedreich said, adding a decision would be taken "rather quickly". Volkswagen, which plans to build six battery plants in Europe by 2030 starting with Salzgitter, first announced in late 2021 that it was planning a joint venture with Umicore as it attempts to gain control over the entire battery value chain. read moreShares in the Belgian company plummeted in June after it announced a 5 billion euro plan to bulk up its battery material business, with analysts concerned about the higher debt and external funding required amid rising costs.

☆ Washingtonul a anunțat noi sancțiuni împotriva Iranului după acțiunile agresive de luni ale Teheranului
▼ + stars: | 2021-01-05 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Administraţia Donald Trump a impus, marţi, noi sancţiuni împotriva Iranului, vizând industria oţelului, acuzând Teheranul de susţinerea terorismului şi de abuzuri în domeniul drepturilor omului, anunţă Departamentul Trezoreriei de la Washington, informează Reuters, citează Mediafax. Compania chineză sancţionată se numeşte Kaifeng Pingmei New Carbon Materials Technology şi este acuzată că a furnizat mii de tone de materiale producătorilor de oţel din Iran. Anunțul administrației americane a venit după ce armata iraniană a anunțat luni că intenționează să desfășoare în ziua următoare o operațiune de instruire „comună și la scară largă” cu drone care implică mai multe ramuri militare. De asemenea autoritățile iraniene au dispus luni confiscarea unei nave comerciale sud-coreene care tranzita Strâmtoarea Ormuz, acuzând că aceasta „poluează Golful Persic cu substanțe chimice”. Tot luni regimul de la Teheran a anunțat că a reluat îmbogățirea uraniului la o puritate de 20%, o încălcare flagrantă a acordului nuclear semnat în 2015 cu marile puteri.

Persons: Administraţia Donald Trump, Reuters, Donald Trump, Steven Mnuchin Organizations: Mediafax, Trezoreriei, iranian Locations: Iranului, Washington, China, iranieni, străinătate, Iran, SUA, Semnan, coreene, Strâmtoarea Ormuz, Golful Persic, Coreea de Sud, Teheran

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