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Polar vortex-induced oil spike to fade, supply dynamics return

Polar vortex induced oil spike to fade

(ATF) Oil’s surge to 13-month peaks will be shortlived, analysts say, as the polar vortex that has hit the US Midwest and Gulf regions is expected to give way to better weather by the weekend, when normal supply and demand dynamics of the sector should return.Brent crude climbed 89 cents, …

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Tesla disappoints as China EV rivals hurt margins

Tesla disappoints as China EV rivals hurt margins

(ATF) Tesla fourth-quarter profit fell short of Wall Street expectations on Wednesday January 27 and the company failed to provide a clear target for 2021 vehicle deliveries. Fierce electric vehicle (EV) competition in China hit margins and Tesla’s stock fell, pulling down shares in Chinese rival Nio.The disappointing Tesla results …

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Congress backs moves to bolster rare earth supply chain in US

Congress backs moves to bolster rare earth supply chain in US

The $2.3 trillion government funding bill passed by the US Congress this week includes robust new critical minerals and materials policy that highlights the dire need for the US to break free of China’s hold on the tech metals supply chain. The bill, which passed the House and Senate on …

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