Europe's Gas Prices Surge on Stronger Demand, Supply Concerns
European natural-gas prices continued to hover around their highest level this year on stronger demand and concerns over Russian flow disruptions. Source link
Australia’s Novonix inks deal to supply synthetic graphite to Stellantis By Reuters
(Reuters) – Australian battery maker Novonix said on Monday (NASDAQ:) it had signed a binding off-take agreement with automaker Stellantis (NYSE:) to supply high-performance synthetic graphite material to its cell manufacturing partners in North America. As part of the agreement, the Brisbane-headquartered firm will supply a minimum of 86,250 metric tons, up to a target volume of 115,000 metric tons of synthetic graphite from its Riverside facility in Chattanooga, Tennessee,
Rivian sticks to gross profit target despite part supply disruption By Reuters
By Akash Sriram and Abhirup Roy (Reuters) -Rivian stuck to its forecast of achieving gross profit in the fourth quarter even as it reported its first drop in quarterly revenue hurt in part by shortage of a component. Shares of Rivian (NASDAQ:) rose nearly 2% as the Irvine, California-based company expects to “generate modest positive gross margin” in the current quarter helped largely by cost cuts, and higher revenue per
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