(Bloomberg) — For all the money that’s poured into Argentina’s giant lithium deposits, the country has seen just one new mine come on stream in almost a decade. That’s about to change. Most Read from Bloomberg Four new projects will finally begin to churn out lithium in the weeks and months ahead, according to a […]
Tag: glut
Falling beer demand, crushing glut putting a chill on Eastern WA hop crop
Washington hop growers are dramatically curtailing production amid a crushing glut and chilling demand for both craft and commercial beer. In the language of the hop industry, growers “strung” about 33,000 acres in 2024. That was a 15% drop from the year before, which was already reduced by 10%, according to figures released this month […]
China’s chip exports are booming but may be nearing overcapacity, stoking fears of chip glut — SMIC revenues rise as profits fall
Credit: SMIC China’s semiconductor exports are growing, but today’s success might not be the clear victory that state media makes it out to be. Industry analysts believe that China’s chip sector may be reaching overcapacity and that supply will dwarf demand in the coming months. That could mean we see predictions of a price war […]
The US is preparing to hit back at China’s glut of cheap solar panels by targeting its allies
US solar companies accused Chinese firms in Southeast Asia of dumping cheap solar panels on the market. A glut of solar panels has cut prices in half in the past year to as low as 10 cents per watt. US solar companies want the Biden administration to impose steeper tariffs on imports. The world is […]
UPDATE 2-Accounting probe hits ADM as crop glut, lower margins point to tough 2024
(Updates shares, adds details about investigation in paragraph 12) By Karl Plume CHICAGO, Jan 23 (Reuters) – An investigation into accounting practices in Archer-Daniels-Midland’s Nutrition segment could not come at a worse time for the company as sinking crop prices look set to erode profit for its core grain trading and processing businesses this year. […]
Solar modules are piling up in warehouses as a massive supply glut has slashed prices by half, IEA says
Solar panels operate at Mohammed bin Rashid Al Maktoum Solar Park as Dubai, United Arab Emirates hosts the COP28 U.N. Climate Summit, on Monday, Dec. 11, 2023. Solar is now the cheapest form of electricity in a majority of countries.AP Photo/Joshua A. Bickel The US and European Union are seeing solar panels pile up amid […]