Sunday, December 1

Tag: Chemicals

SQM Strikes Lithium Deal With State-Run Miner Codelco
29Dec By adminNo Comments
World

SQM Strikes Lithium Deal With State-Run Miner Codelco

Chilean lithium company SQM has reached an agreement with state-run miner Codelco to jointly produce the key energy-transition metal that abounds in the country’s desert salt flats.Under the deal, Sociedad Quimica y Minera de Chile and the National Copper Corporation of Chile, as Codelco is formally known, would form a new company to develop lithium in the Salar de Atacama from 2025 to 2060, they said in a statement Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SQM Strikes Lithium Deal With State-Run Miner Codelco
28Dec By adminNo Comments
World

SQM Strikes Lithium Deal With State-Run Miner Codelco

Chilean lithium company SQM has reached an agreement with state-run miner Codelco to jointly produce the key energy-transition metal that abounds in the country’s desert salt flats.Under the deal, Sociedad Quimica y Minera de Chile and the National Copper Corporation of Chile, as Codelco is formally known, would form a new company to develop lithium in the Salar de Atacama from 2025 to 2060, they said in a statement Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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U.S. Says Iran Drone Struck an Oil Tanker Near India
23Dec By adminNo Comments
World

U.S. Says Iran Drone Struck an Oil Tanker Near India

A chemical tanker in the Indian Ocean was struck by a drone launched directly from Iran early Saturday, the Pentagon said, signaling a widening risk to shipping after Yemeni rebels started attacking vessels in the Red Sea.“The motor vessel Chem Pluto, a Liberia-flagged, Japanese-owned, and Netherlands-operated chemical tanker was struck at approximately 10 a.m. local time today in the Indian Ocean, 200 nautical miles from the coast of India, by a one-way attack drone fired from Iran,” a Pentagon spokesperson said in a statement. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Basic Materials Roundup: Market Talk
14Dec By adminNo Comments
World

Basic Materials Roundup: Market Talk

The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1652 GMT – Demand for chemical products will remain constrained in 2024, as major economies face inflation and higher interest rates, Fitch Ratings says. The industry will also feel the impact of a slower-than-expected recovery in China, according to Fitch. The neutral sector outlook reflects expectations that “conditions will not materially improve from the bottom-of-the-cycle levels that prevailed in 2023,” the agency says. Recent years have seen a buildup of “significant” new global capacity, which puts more pressure on chemical makers, Fitch says, adding this may “lead to the closure of uncompetitive assets, especially in regions disadvantaged by higher ener...
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Basic Materials Roundup: Market Talk
6Dec By adminNo Comments
World

Basic Materials Roundup: Market Talk

Updated Dec. 6, 2023 5:15 pm ETThe latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1126 ET – Brenntag enacting major changes, like a break-up of its businesses, appears to be off the table until at least 2026, Jefferies analysts Chris Counihan and Charlie Bentley say in a research note. The German chemical company seemingly defers any potential business separation as it instead focuses on reorganizing its divisions. Starting from 1Q24, its pharma activities will be transferred to Brenntag’s specialties division whilst its water-treatment and finished-lubricants business will move to essentials. This results in essentials accounting for 70% of the group’s gross profit and specialties 30%, enabling Brenntag to be r...
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Clariant Sees Lower Earnings on Bioethanol Plant Closure
6Dec By adminNo Comments
World

Clariant Sees Lower Earnings on Bioethanol Plant Closure

Clariant will close a bioethanol plant in Romania and has cut its earnings forecast as a result.The Swiss chemical company said Wednesday that earnings before interest, taxes, depreciation and amortization for 2023 are now forecast to be between 570 million and 600 million Swiss francs ($651.4 million-$685.6 million). The previous target range was CHF650 million to CHF700 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Rising Treasury Yields Pull Stocks Lower
4Dec By adminNo Comments
Money

Rising Treasury Yields Pull Stocks Lower

Updated Dec. 4, 2023 5:30 pm ETStocks, bonds and precious metals retreated Monday, reversing course after markets last week extended a monthlong stretch of gains. Higher bond yields weighed on shares of large technology companies, pressuring the broader stock market. The tech-focused Nasdaq Composite lost 0.8%, and the benchmark S&P 500 dropped 0.5%. The Dow industrials slipped 0.1%, or 41 points, snapping a four-day win streak.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Rising Treasury Yields Pull Stocks Lower
4Dec By adminNo Comments
World

Rising Treasury Yields Pull Stocks Lower

Stocks, bonds and precious metals retreated Monday, reversing course after markets last week extended a monthlong stretch of gains. Higher bond yields weighed on shares of large technology companies, pressuring the broader stock market. The tech-focused Nasdaq Composite lost 0.8%, and the benchmark S&P 500 dropped 0.5%. The Dow industrials slipped 0.1%, or 41 points, snapping a four-day win streak.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Using Keratin Treatments or Hair-Straightening Creams? Research Suggests Potential Cancer Risk.
4Dec By adminNo Comments
World

Using Keratin Treatments or Hair-Straightening Creams? Research Suggests Potential Cancer Risk.

Millions of women are using hair-straightening treatments and products that might be harmful to their health.More research is linking chemicals in these products to an increased risk of uterine, ovarian and breast cancer. Studies also suggest that frequent use of such products can negatively affect puberty and pregnancy. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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