Focus on Trade
GM to exit Cruise robotaxi business
Automaker General Motors said on Tuesday its majority-owned Cruise business will drop the development of robotaxis.
Biden plans to block Nippon Steel purchase of US Steel, Bloomberg News reports
President Biden plans to block Nippon Steel's $15B U.S. Steel takeover on national security grounds, Bloomberg reports.
Analysis: Lithium supply surplus set to stay with battery makers’ help
Global lithium oversupply persists as Chinese-backed mines defy weak prices, sustaining EV battery production but hurting profits.
Collaboration on steel and cement emissions standards is crucial for global markets
For industry, interoperable standards can provide a common language to facilitate global markets and help accelerate the energy transition.
US clean energy, defense to be impacted by China export curbs
Beijing announced this week it would ban exports of gallium, germanium and antimony to the US, targeting materials used in climate tech.
No concerns over Trump vow to lift LNG exports cap, Qatar energy minister says
Trump has said he will ease restrictions on the U.S. energy industry when he comes into power.
Oilfield services provider Flowco shows revenue surge in US IPO filing
Flowco Holdings has filed for a U.S. IPO, targeting a potential $2 billion valuation and listing on the NYSE under the ticker 'FLOC.'
Chevron CEO says no discussions with President-elect Trump on Venezuela
Chevron maintains operations in Venezuela, aligning with U.S. policy; CEO Wirth notes Russian and Chinese firms could replace them if they exit.
Rattled by China, West scrambles to rejig critical minerals supply chains
Beijing's fresh mineral export restrictions bring added urgency for Western players to cut their reliance on minerals from China.
Tariffs on Chinese EVs, aluminum and steel to raise federal revenues by $473M: Canada’s PBO
Canada's tariffs on Chinese EVs, steel, and aluminum are expected to cut imports and boost federal revenues by $473M over five years.
