Glencore to Buy $115M Cobalt from Industry Veteran for U.S. Stockpile

By admin February 24, 2026 No comment

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Glencore has reached an agreement to purchase nearly 2,000 metric tons of cobalt from industry veteran Rami Weisfisch, worth around $115 million at current market prices. The deal, spanning 12 months in 2026, is expected to supply the United States for its planned National Defense Stockpile under Project Vault, a program backed by $12 billion […]

German Chancellor Merz Visits China Amid Trade Challenges

By admin February 24, 2026 No comment

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German Chancellor Friedrich Merz has embarked on his first official visit to China, leading a delegation of senior German business leaders, including heads of Volkswagen, BMW, and Mercedes-Benz. The trip aims to strengthen economic ties as Germany faces growing trade deficits and competitive pressures from China’s booming electric vehicle industry. Merz’s visit comes amid

Tesla Europe Sales Still Struggle in January

By admin February 2, 2026 No comment

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Tesla’s car registrations across key European markets showed little sign of a strong recovery in January, traditionally a slow sales month. While registrations increased in Sweden and Denmark compared to the same period last year, they fell sharply in France and Norway, highlighting uneven demand across the region. In Sweden, Tesla registrations rose 26% to […]

Electric Car Sales Overtake Petrol Vehicles in EU for First Time

By admin January 27, 2026 No comment

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Sales of fully electric cars in the European Union surpassed petrol vehicle sales for the first time in December, according to data from industry body ACEA. Battery-electric vehicle registrations also exceeded petrol sales across the wider European market, including Britain and Norway, as overall car sales posted a sixth consecutive month of year-on-year growth.

Tesla Sales Slide Across Europe but Surge to Record in Norway

By admin January 2, 2026 No comment

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Tesla’s vehicle registrations fell sharply in several major European markets in December, underscoring a difficult year for the U.S. electric carmaker across much of the region. Sales dropped 66% in France and 71% in Sweden during the month, while declines were also recorded in Portugal and Spain. The weak performance reflects intensifying competition, an aging […]

Tesla Expands Battery Cell Production at German Gigafactory

By admin December 17, 2025 No comment

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Tesla has announced fresh investments to scale up battery cell production at its Gigafactory in Gruenheide near Berlin, aiming to produce up to 8 gigawatt hours of battery cells annually from 2027. The U.S. electric vehicle maker said it will invest an additional three-digit million euro amount, taking total investment in the local battery cell […]

EU Backs Down on 2035 Combustion Engine Ban Amid Carmaker Pushback

By admin December 16, 2025 No comment

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The European Commission is poised to ease its 2035 ban on new combustion-engine cars, allowing up to 10% of sales to include non-electric options like plug-in hybrids and range extenders using CO2-neutral biofuels or synthetic fuels. This reversal follows intense lobbying from Germany, Italy, and Europe’s auto sector, including giants like BMW, Mercedes-Benz,

Macron’s China Visit Amid Europe’s Delicate Balancing Act

By admin December 2, 2025 No comment

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French President Emmanuel Macron will travel to China from December 3 to 5 as Europe attempts to navigate a complex balance between economic dependence and strategic rivalry with Beijing. His agenda includes meetings with President Xi Jinping in Beijing and Chengdu, where he is expected to push for fairer trade conditions, stronger market access, and […]

Tesla Backs $1 Trillion Pay Deal to Keep Musk at the Helm

By admin November 8, 2025 No comment

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Tesla shareholders have approved a record $1 trillion pay package for Elon Musk, betting on his ability to transform the company into an $8.5 trillion enterprise over the next decade. Under the agreement, Musk will forgo a salary and receive payment only if he meets ambitious performance targets, including producing 20 million vehicles, developing one […]

Meloni Meets Xi: Relaunching Italy-China Relations

By admin July 30, 2024 No comment

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Italy’s Prime Minister Giorgia Meloni described China as an “important interlocutor” for managing global tensions during her meeting with President Xi Jinping in Beijing. Xi acknowledged the “long-established friendly” relations and emphasized “tolerance, mutual trust, and mutual respect” between the two nations. On her first visit