China doubled EV subsidies in July and more than 5 million cars sold as of mid-December had benefited from the incentives. Lithium prices are expected to stabilise in 2025 after two years of steep declines as shuttered mines and robust electric vehicle sales in China soak up an oversupply, although the potential for mines to… Continue reading Lithium prices to stabilise in 2025 as mine closures, China EV sales ease glut, analysts say
Author: Economic Times of India Online News
Axalta unveils 2025 global automotive color of year
Benton further emphasised that Evergreen Sprint is designed to be eye-catching and to embody the spirit of competition and adventure. He believes the dynamic color will resonate with driving enthusiasts. Axalta Coating Systems has revealed its 2025 Global Automotive Color of the Year, Evergreen Sprint, a deep forest green inspired by British racing green. This… Continue reading Axalta unveils 2025 global automotive color of year
Ethiopia announces plan to expand electric vehicle charging infrastructure
To accelerate the shift to electric mobility, the Ethiopian government imposed a ban on the import of gasoline and diesel vehicles early last year amid a global surge in fuel prices. Addis Ababa, The Ethiopian government has unveiled plans to expand the country’s electric vehicle (EV) charging infrastructure, aiming to install charging stations every 50… Continue reading Ethiopia announces plan to expand electric vehicle charging infrastructure
China’s rare earth exports in 2024 climb as home demand disappoints
China exported 3,326 tons of the minerals in December, versus 4,416 tons in November and 3,439 tons in December 2023. China’s exports of rare earth minerals in 2024 rose 6% from the year before, customs data showed on Monday, as domestic demand for the critical mineral disappointed amid sputtering economic growth. The world’s largest producer… Continue reading China’s rare earth exports in 2024 climb as home demand disappoints
No relief expected for India rupee, bonds to decline
The currency is likely to weaken past the 86 level at the open on Monday. The Indian rupee is likely to fall further this week, weakening past a psychologically important level, in the wake of an ongoing rally in the U.S. dollar on upbeat economic data, while bond yields could rise, tracking U.S. peers. The… Continue reading No relief expected for India rupee, bonds to decline
Iron ore hits more than one-week high on revived hopes of China stimulus
Other steelmaking ingredients on the DCE gained, with coking coal and coke up 2.29% and 1.99%, respectively. Iron ore futures rallied to their highest in more than a week on Monday as revived hopes of more stimulus from top consumer China boosted sentiment. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE)… Continue reading Iron ore hits more than one-week high on revived hopes of China stimulus
Focus on amenities, better transportation in existing cities: PM Modi
PM Modi Focus more on creating facilities, amenities and better transportation network in zones in cities which naturally attract people and businesses, rather than developing new cities that push horizontal growth, PM Narendra Modi told top officials of housing and urban affairs ministry at a recent review meeting on urban sector, sources said. TOI has… Continue reading Focus on amenities, better transportation in existing cities: PM Modi
Republicans can slow but not stop electric vehicles
Analysts note that sales of electric vehicles in Germany plunged 27% last year after the country’s government slashed incentives for car buyers. To a large extent, the electric vehicle market in the United States runs on Democratic policies. There are federal tax credits for car buyers. Subsidies for battery manufacturing. Cheap loans to build electric… Continue reading Republicans can slow but not stop electric vehicles
OPG Mobility looks to raise INR 400 cr; gets into product portfolio, network expansion drive
Apart from the new products, Gupta said the company is accelerating its sales and service network expansion across India. New Delhi: Electric vehicle maker OPG Mobility, formerly Okaya EV, is seeking to raise around INR 400 crore within the next 18-24 months to fuel its growth plans as it embarks on product portfolio and network… Continue reading OPG Mobility looks to raise INR 400 cr; gets into product portfolio, network expansion drive
Coal India looks to Argentina for lithium brine assets
Lithium brine is a concentrated salt solution that contains dissolved lithium and other minerals. Coal India Ltd (CIL) has set its sights on Argentina as a destination in its strategic diversification into critical minerals, with a focus on lithium brine assets, an official said on Sunday. Recognising the economic significance and strategic value of minerals… Continue reading Coal India looks to Argentina for lithium brine assets