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The logo of German chemicals maker Covestro is pictured outside its headquarters in Leverkusen, Germany, July 26, 2019. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsFRANKFURT, Aug 24 (Reuters) - Germany's Covestro (1COV.DE) should engage in formal takeover talks with Abu Dhabi National Oil Co (ADNOC) in the interest of its shareholders, two top-15 investors of the plastics and chemicals maker told Reuters. ADNOC, which is trying to diversify and develop its downstream and renewable energy operations, made a non-binding offer for Covestro of 55 euros per share in June, which was rejected, according to press reports. Rautenberg declined to comment on the price at which he would recommend Covestro accept an offer. Covestro this week appointed Christian Baier as chief financial officer, with Rautenberg noting his past dealmaking experience at private equity firm Permira.

Persons: Wolfgang Rattay, ADNOC, Arne Rautenberg, Covestro, Rautenberg, Christian Baier, Emma, Victoria Farr, Elisa Martinuzzi, Kirsten Donovan Organizations: REUTERS, Rights, Abu, Abu Dhabi National Oil Co, Reuters, Union Investment, Thomson Locations: Leverkusen, Germany, Abu Dhabi

☆ 'Neutral' China is supplying Putin's forces with helicopters, drones, and crucial raw materials, report says
▼ + stars: | 2023-08-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

China is providing Russia with helicopters, drones, and crucial raw materials. China claims it has remained neutral and has repeatedly denied sending military equipment to Russia since it launched its full-scale invasion of Ukraine in February 2022. But The Telegraph's investigation found that the country has delivered tens of thousands of shipments to Russian military equipment manufacturers. With the outbreak of the war, the aid ramped up, with Chinese firms Hems999 and Tianjin Huarong Aviation dispatching helicopters to Russia. China's actions provide Putin with a vital lifelineChina has also utilized loopholes to send non-lethal but militarily useful equipment to Russia.

Persons: Vladimir Putin, Xi Jinping, Xie Huanchi, Samson, Qin Gang, Sergey Radchenko, Putin Organizations: Telegraph, Service, Privacy, George's, Getty, Russia, The Telegraph, Tianjin Huarong Aviation, PBS, Politico, New York Times Locations: China, Russia, Wall, Silicon, Ukraine, St, Kremlin, Xinhua, Tianjin, Yiwu, Shanghai

☆ Plant-Based Plastics Gain Favor as Companies Pursue Sustainability Goals
▼ + stars: | 2023-08-17 | by ( Dieter Holger | ) www.wsj.com time to read: +6 min

Plant-based plastic, that is. However, the environmental benefits of plant-based plastics are increasingly appealing to companies promising to use more sustainable materials by the end of the decade. Plants absorb the atmosphere’s carbon dioxide, which cuts the greenhouse-gas emissions from making bioplastics to at least half that of fossil-fuel-based plastics. A Lululemon shirt containing plant-based nylon. Only plant-based plastics that are chemically identical to fossil-fuel–based versions can enter the existing and growing recycling infrastructure.

Persons: Bioplastics haven’t, Michael Carus, “, ” Carus, Eastman, Chris Killian, bioplastics, Warby Parker, ”, Biden, Manav, olefins, Dow, bioethylene, LVMH Moët Hennessy Louis, Haley Lowry, Dieter Holger Organizations: Sustainable Business, Kodak, U.S . Defense Department, European, dieter.holger Locations: China, Japan, biomanufacturing, U.S, Iowa

This would boost the oil giant's non-binding bid to about 11.6 billion euros ($12.63 billion), the people said. The indication of a raised offer is, however, not in writing, the people cautioned, adding that Covestro will take time to consider any next steps. ADNOC last raised its informal offer to 57 euros per share in July. Covestro shares jumped about 4.2% in a volume spike after Bloomberg News first reported that ADNOC was prepared to sweeten its offer. Earlier in August, Covestro reported a 21% fall in revenues to 3.7 billion euros in the second quarter.

Persons: Toru Hanai, ADNOC, Covestro, Austria's, Emma, Victoria Farr, Maha El Dahan, Yousef Saba, Tomasz Janowski Organizations: REUTERS, Abu Dhabi National Oil Co, Reuters, Bloomberg News, Thomson Locations: Gastech, Chiba, Japan, FRANKFURT, DUBAI, Abu Dhabi, Frankfurt, Maha, Dubai

☆ Handbags and hats made of mushroom leather could become the next luxury items for brands like Hermès
▼ + stars: | 2023-08-10 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

The company will open its first commercial plant in September to supply luxury brands like Hermès. Fashion brands are investing in materials that don't use animals or plastic to meet climate goals. Many fashion brands have set climate goals and are searching for sustainable substitutes to animal- or plastic-based leather and other textiles with high carbon footprints. An Hermès bag made of MycoWorks' mycelium leather. She sees a luxury fashion house like Hermès as an ideal pioneer for alternative leather because the brand's status is based in part on scarcity.

Persons: MycoWorks, Matt Scullin, Coppie Barbieri, Scullin, Stella McCartney, Dan Widmaier, haven't, Anne Higonnet, Hermès, Birkin, Higonnet, Reishi, That's Organizations: Service, Ligne, General Motors, Adidas, Vogue Business, New York's Barnard College, Consumers Locations: Wall, Silicon, San Francisco, South Carolina

☆ GOP congressman who voted twice against veterans health bill is now urging his constituents to enroll in its benefits
▼ + stars: | 2023-08-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Rep. David Schweikert voted twice last year against a bill to provide health benefits to veterans. But now, he's urging his constituents to sign up to receive benefits from the program. Now, the Arizona Republican is urging his constituents to sign up for the benefits created by that same legislation. In both instances, Schweikert was among the Republicans who voted against the bill. It's the latest example of Republican lawmakers touting programs created by legislation that they voted against.

Persons: David Schweikert, he's, Schweikert, Joe Biden —, —, Biden, Sen, Tommy Tuberville, Tuberville Organizations: Service, Arizona Republican, Arizona, Twitter, Facebook, —, Department of Veterans Affairs, Infrastructure Law Locations: Wall, Silicon, Arizona, Schweikert's Scottsdale, Alabama

The headquarters of chemicals maker Lanxess are seen in Cologne, Germany November 15, 2018. "We urgently need sustainable framework conditions – above all an internationally competitive electricity tariff for the industry," CEO Matthias Zachert said in a statement. The company said implementing these measures would cost around 100 million euros. The group's second quarter core earnings (EBITDA) pre-exceptionals fell 57.7% to 107 million euros, in line with its forecast from June. In a separate statement, Lanxess said its finance chief Michael Pontzen would leave by the end of August.

Persons: Wolfgang Rattay, Matthias Zachert, Lanxess, Zachert, Baader, Konstantin Wiechert, Michael Pontzen, Linda Pasquini, Antonis Pothitos, Milla Nissi, Alexander Smith, Sharon Singleton Organizations: REUTERS, Thomson Locations: Cologne, Germany, Europe, Krefeld, Uerdingen, Gdansk

☆ I'm a Barbie girl who almost got tricked by a plastic-free hoax
▼ + stars: | 2023-08-03 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

A fake campaign by environmental activists said Barbie-maker Mattel would go plastic-free by 2030. Outlets like People, The Washington Times , and Dow Jones Newswires reported that Mattel, the maker of Barbie and other toys like American Girl dolls and Hot Wheels, would go plastic-free by 2030. "With our plastic-free commitment, we denounce the empty promises of plastic recycling and take a bold step towards real ecological sustainability. By the end of the day, Yahoo News had the exclusive on the team behind the stunt : The Barbie Liberation Organization. The stunt did make me envision what seaweed Barbie would look like — but it's unclear if that's possible.

Persons: Barbie, I've, that'd, Dow Jones Newswires, Greta Thunberg, Daryl Hannah, Instagram, Hannah, Hannah didn't, Ynon Kreiz, Mattel, Igor Vamos, Mike Bonnaro, Vamos, Adam McKay Organizations: Mattel, Service, The Washington Times, Yahoo News, Liberation Organization, Barbie Liberation Organization, Dot Studios Locations: Russian

☆ 'We are being poisoned': Black residents living in Louisiana's 'Cancer Alley' say the state is guilty of 'genocide' and environmental racism
▼ + stars: | 2023-08-03 | by ( Trisha Gopal | ) www.businessinsider.com time to read: +13 min

Black residents living in the area have a disproportionate lifetime cancer risk. The complaint alleged that the Louisiana Department of Environmental Quality discriminated against Black residents by issuing permits that authorized new industrial facilities. Last year, the EPA announced a critical civil-rights investigation into Louisiana, looking into whether the state had violated the rights of Black residents in Cancer Alley. Smoke billows from a chemical plant in the area along 'Cancer Alley', October 12, 2013. "Once we came up with Cancer Alley, industry hated it, and they've been trying to prove that it's not a reality," he said.

Persons: Sharon Lavigne, James, Lavigne, " Lavigne, Andrew Lichtenstein, Michael Regan, Regan, Matthew, Giles Clarke, Deena Tumeh, Earthjustice, Darryl Malek, Wiley, they've, Kimberly Terrell, Terrell, I'm, James Parish, Pamela Spees, Spees, Malek, " Malek, I've Organizations: EPA, Service, Cancer, Getty, Civil, Inclusive, Brigade, Louisiana Department of Environmental, Center for Public Integrity, Environmental, Sierra Club, Atomic Workers Union, Tulane Environmental Law Clinic, Louisiana Tumor, Shell Oil Co, Cancer Alley, Formosa Plastics, Center for Constitutional Rights, Mount Triumph Baptist Church, Local Locations: Louisiana, St, James Parish, Baton Rouge and New Orleans, Inclusive Louisiana, Black, Cancer Alley, Baton Rouge, Cancer, Formosa

Aluminum ended July on a high note and there are several stocks that could benefit from the recent strength in the metal and prove opportunities for investors. Aluminum futures capped July with a 2.72% monthly gain, the most since January and their second-straight monthly advance. CNBC Pro found 11 stocks using data from Refinitiv that tend to move with aluminum prices. Each one is a member of the Russell 1000 and has a 50-day correlation coefficient of at least 0.4, which indicates at least a moderate correlation. Further down the list are stocks with more moderate correlations to aluminum: chipmaker Texas Instruments , Domino's Pizza , Align Technology and Korean e-commerce retailer Coupang .

Persons: Bill Peterson, Russell, It's, — CNBC's Michael Bloom, Gina Francolla Organizations: JPMorgan, CNBC Pro, Southern Copper Corporation, Air Products, Chemicals, Jefferies, Texas, Technology, Coupang, New York Stock Exchange, Intercontinental Exchange, Cboe, KKR Locations: China, Freeport, McMoRan, Korean

☆ Bonaire: Why so many visitors want to move to this secret island
▼ + stars: | 2023-07-25 | by ( Danielle Braff | ) edition.cnn.com time to read: +8 min

CNN —Sometimes it only takes one visit to convince visitors to pack up their belongings and move to Bonaire permanently. “I fell in love with Bonaire,” Davis, now in her mid-60s, says of her initial visit. Bonaire, pronounced “Bone-air,” is located just off the coast of Venezuela, and it’s one of the three ABC islands: Aruba, Bonaire and Curaçao. Bonaire is known for its scuba diving, but unless you’re Dutch or an avid diver, you probably haven’t given the island much thought. johnandersonphoto/iStockphoto/Getty ImagesThen, in 1999, the Bonaire government purchased Klein Bonaire (an uninhabited island a half mile offshore) from the private sector for $4.6 million with the agreement that it would remain a naturally preserved island.

Persons: Susan Davis, Davis, “, ” Davis, ” She’s, ”, Rolando Marin, that’s, Greg Balfour Evans, Boy ” Herrera, Annette Emerenciana, Harry Schoffelen, who’s, Kiki Multem Organizations: CNN, Bonaire, Statistics Netherlands, CBS, Tourism Corporation, ABC, Klein Bonaire, US State Department, “ Bonaire, “ Locations: Bonaire, Chicago, Dutch, Netherlands, Tourism Corporation Bonaire, Venezuela, Aruba, Curaçao, Kingdom of, Miami, Kralendijk, Blue Bonaire, Washington, johnandersonphoto, Development, “, United States, Europe

MANILA, July 24 (Reuters) - Philippines President Ferdinand Marcos Jr on Monday touted his administration's successes over the past year, including battling inflation and steering the economy back on track, but said a number of economic challenges lie ahead. After more than a year in office, buffeted by soaring inflation that has dented economic growth, the government is now "stabilising the prices of all critical commodities", Marcos said. "Inflation rate is moving in the right direction," he said in his second state of the nation address. Developing the long-neglected farm sector, which contributes 10% of the country's economic output, is a priority for Marcos, who also helms the agriculture ministry. The Philippines remains vulnerable to global price shocks because it buys a sizeable portion of its rice overseas, and relies on imports for most of its fuel requirements.

Persons: Ferdinand Marcos Jr, Marcos, helms, Michael Ricafort, Enrico dela Cruz, Eloisa Lopez, Bernadette Baum, Mark Potter Organizations: Rizal Commercial Banking Corp, Asia's, Thomson Locations: MANILA, Philippines, Philippine, Rizal, China, Manila, United States

☆ Dow flags dismal second-half, Q2 profit tumbles
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

July 25 (Reuters) - Dow (DOW.N) on Tuesday posted a 70% drop in second-quarter profit on lower product prices and weak sales volumes, while warning that the macroeconomic environment would remain challenging in the second half of the year after. Dow said it was expecting third-quarter net sales in the range of $10.25 billion to $10.75 billion, lower than Wall Street's expectations of $12.37 billion in net sales. Dow's net sales during the quarter fell to $11.4 billion from $15.7 billion, hinting at weak demand for its products that are used in everything from plastics and paints to building materials. Dow posted operating income of 75 cents per share, beating estimates by 5 cents, according to Refinitiv data, aided by its cost-saving efforts. Reporting by Sourasis Bose in Bengaluru; Editing by Savio D'Souza and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Dow, Sourasis Bose, Savio D'Souza, Anil D'Silva Organizations: Dow, Thomson Locations: United States, Europe, China, Bengaluru

☆ ADNOC has upper hand in $30 bln plastics M&A
▼ + stars: | 2023-07-24 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

The complex ownership structure and the involvement of two governments make it intriguing to see who holds the whip hand. ADNOC owns 54% of Abu Dhabi-listed Borouge, while 36% of the same company is held by Borealis, with other investors accounting for the other 10%. Meanwhile ADNOC owns 25% of Borealis, while OMV holds the other 75%. Strip out Borouge's dividend, and Borealis would be worth $10 billion, Deutsche Bank reckons. ADNOC’s 63% Borouge stake and 25% Borealis stake are thus worth $14 billion and $2.5 billion respectively; OMV’s 27% Borouge stake and 75% Borealis holding are worth $6 billion and $7.5 billion.

Persons: ADNOC, OMV, Goldman Sachs, China's Sinopec, Saudi Arabia's SABIC, Abu Dhabi, Abu Dhabi’s, George Hay, Pranav Kiran Organizations: Reuters, Abu, Abu Dhabi National Oil Company, Borealis, Reuters Graphics Reuters, Deutsche Bank, Abu Dhabi National Oil Co, OMV, ADNOC, Thomson Locations: Abu Dhabi, Austrian, Borealis, Borouge, Saudi, India, Abu, Europe, Vienna, ADNOC

☆ Self-healing metal? It's not just the stuff of science fiction
▼ + stars: | 2023-07-19 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

Self-healing metal is still just science fiction, right? Metal fatigue can cause catastrophic failures in areas including aviation - jet engines, for instance - and infrastructure - bridges and other structures. It occurs at the nanoscale, and we have yet to be able to control the process," Boyce added. Scientists in the past have fashioned some self-healing materials, mostly plastics. Study co-author Michael Demkowicz, a Texas A&M University professor of materials science and engineering, predicted self-healing in metal a decade ago.

Persons: Ryan Schoell, Khalid Hattar, Dan Bufford, Chris Barr, Craig ., Read, Brad Boyce, Boyce, Michael Demkowicz, Demkowicz, Will Dunham, Rosalba O'Brien Organizations: government's Sandia National Laboratories, Sandia National Laboratories, M University, Thomson Locations: New Mexico, WASHINGTON, Texas

☆ Sen. Ron Johnson repaid himself $400,000 in old campaign loans days before saying he had 'no intentions of doing that'
▼ + stars: | 2023-07-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Sen. Ron Johnson told Insider in May that he had "no intentions" of recouping old campaign loans. But before that, he'd already done so — receiving $400,000 from his campaign after raising money for it. When asked by Insider in May if he would seek to recoup any of those loans, Johnson indicated that he wouldn't. That included a total of $210,000 to repay loans he made during his 2010 campaign, and $190,000 to repay loans he made during his 2016 campaign. A portion of the loans that Johnson repaid himself on May 3rd, days before he spoke with Insider.

Persons: Sen, Ron Johnson, he'd, Republican Sen, Ted Cruz, Ron Johnson of, Ted Cruz of, Johnson, I'm, Cruz, Commission Cruz, fundraise Organizations: Republican, Service, Wisconsin Republican, Senate, Supreme, Federal, Commission, Milwaukee Journal Sentinel Locations: Wall, Silicon, Ron Johnson of Wisconsin, Wisconsin, Ted Cruz of Texas

Prime Day 2023 ends tonight and we're still working hard to round up all the best deals of day 2. Down to $164.99, this Prime Day price matches the record low we saw for Black Friday. On select sizes and colors, you can get up to 60% off, the lowest Prime Day price to date. Even with a newer C3 model out this year, this remains a better value, especially at this current Prime Day deal price. This Prime Day deal is the best price we've ever seen, and it's only available by invite for Prime members during Amazon Prime Day.

Persons: we're, we've, snagging, We're, I've, Sarah Saril, you've, we'd, We've, they're, it's, Amazon’s, eero, You'll, Apple, Bose, AirPods, Price, Price Roku, Dolby, Max, Price Casper, Casper, Coop, it’s, It's, Rich, wicks, Price Bowflex, Garmin Venu, Venu, you’ve, Luna, Riley C.E.O, Sunday Riley, It’s, Murad Retinol, Kit Burt's, Kit, They're, Snuggies, Elaine Benes, Kenneth Cole, Steven Madden, Martens, Ray Bans, Vines, Price Calvin Klein, Calvin Klein racerback, Grey Heather, Now's, JW Pei, Price Honeywell, Price Apple, Price Arlo, we’ve, fryer, Bento, bento, you'll, LaCroix, seltzer, Foodi, Fryer, Pro Air Fryer, Price Dyson, Dyson, Hoover, Decker, Bissell, Price Dell, Price LG, Ed, Swift, Zelda, Price Hori, Con Organizations: Tech, Apple, Amazon, Prime, Black, Alexa, Amazon's, Echo Studio, Music, Price Apple, Price Sony WH, Sony, Samsung, LG, Walmart, Casper, Health, Bands, Price Garmin, Garmin, OSHA, Optimum, Theragun's, Amazon Prime, Sunday, Panasonic, frizz, Amazon Deal, GAP, Adidas, Chelsea, Deal, Navy, Columbia, Honeywell, Energy, Steam, IRIS, GE, Oster Digital, Fryer, Oster, OmieGo, ICE, Pro Air, ICM, Deal LG, Fire, Price LG, PlayStation, Google, Price NVIDIA, HP, Price Samsung, MacBook Air, Asus, Mobile, Lenovo, Intel, AMD, Monitor, Seagate, Dell, Monitor Samsung, ASUS, Gaming, EA Star Wars, Star, Nintendo, Gray, Super Nintendo Entertainment Locations: Siena, Birch, Sol, Colombia, Cha Kyusu, sharpener, Whynter, it's, It's

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$199.99 from Amazon Originally $279.99 Save 29%Deal icon An icon in the shape of a lightning bolt. The 20% discount is the lowest price we've ever seen, making it a great time to buy. $199.00 from Amazon Originally $249.00 Save 20%Deal icon An icon in the shape of a lightning bolt. $166.99 from Amazon Originally $250.00 Save 33%Deal icon An icon in the shape of a lightning bolt. Lowest Price Amazon Kindle Oasis (8GB) Amazon revolutionized the e-reader with the Kindle Oasis' daring design, great page-turn buttons, sharp screen, and giant ebook library.

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Lowest Price SodaStream Art Sparkling Water Maker Save the planet and your wallet by investing in the SodaStream Sparkling Water Maker while it's on sale for the lowest price we've ever seen it. On Prime Day, K9 Advantix II is at the lowest price ever — almost 30% below the typical retail. Though not the lowest price we've seen, this Prime Day's sale of $159.99 beats almost any price year round. For a limited time, it’s at the lowest price we’ve ever seen it — $139.99. For the lowest price we've ever seen on Amazon, get any of the 23 available colors for over 30% off.

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☆ The Contentious U.S.-China Relationship, by the Numbers
▼ + stars: | 2023-07-07 | by ( Ana Swanson | More About Ana Swanson | ) www.nytimes.com time to read: +6 min

The U.S.-China Business Council estimated that U.S. exports to China supported nearly 1.1 million jobs in the United States in 2021. Also in the survey, 46 percent of American companies thought that U.S.-China relations would deteriorate in 2023, while only 13 percent thought they would improve. Personal and cultural connectionsThe United States is home to nearly 2.4 million Chinese immigrants, making it the top destination for Chinese immigrants worldwide. China had more than 80,000 movie screens by late 2021, compared with roughly 39,000 in the United States. Air carriers are running only 24 flights a week between the United States and China, compared with about 350 before the pandemic.

Persons: Janet L, Yellen, Germany —, China’s, Long, ByteDance, Maheshwari, Nicole Sperling Organizations: Economic, International Monetary Fund, Initiative, China . Trade, China Business Council, United, Commerce Department, Financial, American Chamber of Commerce, Columbia University Locations: China, United States, Beijing, U.S, Canada, Mexico . U.S, The U.S, Japan, Britain, Germany, China’s, American, Comscore

VW, which relies on gallium and germanium for automotive products, said it was "ready to take measures together with its partners if necessary" but did not elaborate. The metals will play a role in future autonomous driving functions, a spokesperson for the German automaker said. Germanium is used in high-speed computer chips, plastics, and in military applications such as night-vision devices, as well as satellite imagery sensors. But if prices rise as restrictions take hold companies would have another reason to shift supply chains. NXP makes some chips for the auto and communications sectors using gallium or germanium.

Persons: Yellen, Janet Yellen, Alastair Neill, Imelda Medina, Liao Chien, Taiwan's TSMC, chipmaker, NXP, Josephine Mason, Matt Scuffham, Catherine Evans Organizations: VW, WIN, Treasury, Beijing Pentagon, Volkswagen, U.S, Critical Minerals, U.S . Defense Department, REUTERS, Capital Securities Corp, WIN Semiconductors, Reuters, Apple, Nvidia, Thomson Locations: Beijing, TAIPEI, China, Puebla, Mexico, Germany, Japan, Taiwan

☆ China's chipmaking export curbs 'just a start', Beijing adviser warns before Yellen visit
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +6 min

Shares in some Chinese metals companies rallied for a second session as investors bet that higher prices for gallium and germanium, which Beijing's export restrictions target, could boost revenues. China is the world's biggest producer of rare earths, a group of metals used in EVs and military equipment. Asked about the metals export curbs, Chinese foreign ministry spokesman Wang Wenbin said on Wednesday the government's actions were reasonable and lawful. WARNING SHOTSome larger chip manufacturers view China's export controls on gallium as more of a warning shot about what economic pain the country could inflict. China's germanium ingot was priced at 9,150 yuan per kg on Tuesday, also flat on the day and on the week, Refinitiv data showed.

Persons: Janet Yellen, Wei Jianguo, Wei, Yellen, Biden, China's, Wang Wenbin, Wang, Gecamines, Belgium's Umicore, Xi Jinping, Eikon, Brenda Goh, Amy Lv, Tian, Nick Carey, Muralikumar Anantharaman, Jacqueline Wong, Catherine Evans Organizations: Treasury, Thursday Analysts, Washington, Commerce, China Daily, China Center for International Economic, Independence, Analysts, Micron, Global Times, Union, Benchmark Mineral Intelligence, AMS, Democratic, Shanghai Cooperation Organisation, Shanghai Metal Exchange, Beijing, Thomson Locations: Beijing, China, BEIJING, SHANGHAI, U.S, Japan, Netherlands, United States, Swiss, Teck Resources, North, Democratic Republic of Congo, Russia, Washington, Yunnan, London

VW, which relies on gallium and germanium for automotive products, said it was "ready to take measures together with its partners if necessary" but did not elaborate. The metals will also play a role in future autonomous driving functions, a spokesperson for the German carmaker said. The export curbs are likely to further strain U.S.-China relations as the countries vie for dominance in semiconductor and defence technologies. But if prices rise as restrictions take hold companies would have another reason to shift supply chains. Chipmaker NXP Semiconductors (NXPI.O) sees no material impact on its business.

Persons: Imelda Medina, Yellen, Janet Yellen, carmaker, Liao Chien, Taiwan's TSMC, chipmaker, NXP, Josephine Mason, Catherine Evans Organizations: Volkswagen, REUTERS, VW, WIN, Treasury, Capital Securities Corp, WIN Semiconductors, Reuters, Apple, Nvidia, Thomson Locations: Puebla, Mexico, Beijing TAIWAN, China, Beijing, U.S, Germany, Japan, Taiwan

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