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Price for vanadium, which can be a key metal for the manufacture of batteries, is rapidly growing, Bloomberg writes. This situation calls into question the prospects for its use. Currently, vanadium is mainly used in steelmaking. China's increased demand for stronger steel over the past two years has increased the cost of vanadium by more than 800%. The new rules, which the Chinese authorities plan to introduce in November, will require an increase in the strength of steel used in construction, which will further increase the demand for vanadium. Today, the price of vanadium is $115 per kilogram, while its economically reasonable price for batteries is $30 per kilogram.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Dollar traded lower earlier on Friday in Asia, continuing its descent from the previous session as the U.S. struggles to curb the rapid increase of COVID-19 cases in the country. In addition, recent data showing an unexpected rise in unemployment ...
SensorTower announced on Wednesday that Apple (AAPL) removed more than 2,500 games from the China App Store in the first week of July. The move came after the U.S. tech giant closed a loophole to comply with China’s license requirements. Apple ...
On Monday, United Airlines (UAL.O) announced that it would continue adding more flights for international routes in September. The airline company plans to reintroduce flights that were canceled due to coronavirus pandemic. United Airlines ...
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