Posts Tagged ‘Output’
China’s aluminium output hits record, steel below one billion tonnes
CHINESE aluminium output rose to an all-time high last year, climbing above the country’s capacity limit, while steel fell to a seven-year low, underscoring dramatically different prospects for the two most widely used metals. Aluminium production increased 2.4 per cent to 45.02 million tonnes, having risen every year this decade, according to the statistics bureau…
Read MoreNvidia H200 chip parts suppliers halt output after China blocks shipments, FT reports
SUPPLIERS of parts for Nvidia’s H200 have paused production after Chinese customs officials blocked shipments of the newly approved artificial intelligence processors from entering China, the Financial Times reported on Friday. Reuters could not immediately verify the report, which cited two people with knowledge of the matter. Nvidia did not immediately respond to a request…
Read MoreVenezuela moves to cut oil output due to US export embargo
VENEZUELA’S state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing US oil blockade that has reduced exports to zero, piling more pressure on an interim government trying to hang on to power in the face of US threats of more military action. Caracas…
Read MoreOpec+ to keep oil output steady despite turmoil among members: sources
[DUBAI/LONDON] Opec+ will likely maintain steady oil output at its meeting on Sunday (Jan 4), Opec+ delegates said, despite political tensions between key members Saudi Arabia and United Arab Emirates (UAE), and US capture of the president of smaller producer Venezuela. Sunday’s meeting of eight members of Opec+, which pumps about half the world’s oil,…
Read MoreOpec+ keeps oil output steady despite turmoil among members
[DUBAI/LONDON] Opec+ agreed to maintain steady oil output at its meeting on Sunday (Jan 4), the group said in a statement, despite political tensions between key members Saudi Arabia and United Arab Emirates (UAE), and the US capture of the president of smaller producer Venezuela. Sunday’s meeting of eight members of Opec+, which pumps about…
Read MoreOpec+ keeps oil output steady despite turmoil among members
[DUBAI/LONDON] Opec+ agreed to maintain steady oil output at its meeting on Sunday (Jan 4), the group said in a statement, despite political tensions between key members Saudi Arabia and United Arab Emirates (UAE), and the US capture of the president of smaller producer Venezuela. Sunday’s meeting of eight members of Opec+, which pumps about…
Read MoreChina’s Zijin Mining plans gold output push after record profit
ZIJIN Mining Group is planning double-digit growth for its gold and copper production in 2026, after surging prices and expanding operations propelled annual profit to another record. China’s largest mining company, surpassed only by Rio Tinto Group and BHP Group in market value, said estimated net income jumped as much as 62 per cent to…
Read MoreIndonesia to cut mining output quotas to support prices
It’s to ensure the prices of mineral commodities are “rational”, allowing the government in turn to earn more revenues [JAKARTA] The Indonesian government will cut mining output quotas in order to support the prices of commodities like coal, Energy and Mineral Resources Minister Bahlil Lahadalia said in an interview with local news channel TvOne on…
Read MoreSingapore stocks flat; latest factory output data posts solid growth
[SINGAPORE] Singapore stocks ended flat on Friday (Dec 26), even as the latest factory output data pointed to continued strength in manufacturing activity. The benchmark Straits Times Index (STI) was little changed, edging down 0.19 point to close at 4,636.15. The iEdge Singapore Next 50 Index rose 0.1 per cent, or 1.06 points, to 1,449.67.…
Read MoreChip shortage lingers as Honda to halt output in Japan, China
HONDA Motor will halt production at plants in Japan and China in coming weeks, highlighting the lingering fallout of the global chip shortage. The Japanese carmaker will suspend output in Japan on Jan 5 and Jan 6, a spokesperson said Thursday, without specifying which plants will be affected. All three of the facilities in its…
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