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After almost four years of doldrums, lithium prices in January of this year have surged, as world demand for industrial-grade BESS surpasses EVs for lithium demand.
Electric vehicles, production setbacks in China, and BESS are expected to keep lithium prices high in the short term.
The U.S. provided the largest share of crude oil exports to the European Union last year, though fringe players such as Libya were supportive.
A winter storm is expected to move from the U.S. Southwest across the southern Plains and into the East this weekend. This system is forecast to bring heavy rain and localized flooding.
U.S. Vice President J.D. Vance has signed an agreement regarding nuclear power supplies and services between the U.S. and Armenia with that country's Prime Minister Nikol Pashinyan.
India's thermal power requirement is projected to reach 307 gigawatts by 2035, underscoring the continued role of coal- and lignite-based generation in supporting the country's rapidly growing electricity demand.
Japan's Prime Minister Sanae Takaichi's Liberal Democrat Party and its ally, Japan Innovation Party, won control of the lower house of Parliament on Sunday, giving it a strong hand in moving to the right in all policy areas.
Vitol said that road transportation is the primary factor determining the trajectory for global oil demand. The uptake in EVs, however, is slowing down in the U.S. economy, the largest in the world.
U.S. rollbacks on energy transition funding are making EVs "the road less traveled," while China and the rest of the world drive on. Overall, this will increase demand for battery energy storage systems and lithium.
Global demand for electricity is expected to grow strongly to 2030, underscoring the need for additional investments in grids and flexibility, such as batteries, according to a report released last Friday by the International Energy Agency (IEA).
India has designated coking coal as a critical and strategic mineral as it seeks ways to reduce its reliance on imports to support its growing steel industry.
Industrial Info sees a multi-year buildout of data centers and AI facilities.
The development of battery electric storage systems (BESS) is surging worldwide, as BESS is at least a partial remedy for the intermittency of renewable energy sources.
Panama's Supreme Court cancels Hutchinson's contract to operate the Balboa and Cristobal ports in the Panama Canal, triggering an international arbitration and raising tensions between Washington and Beijing.
Owners of the Duc Giang Nghi Son Chemical Complex Project in Vietnam have launched a "100-day peak campaign" that continues construction around the clock and through holiday periods.
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