The lignin market revenue is expected to cross USD 1.14 billion by 2027, according to a new research report by Global Market Insights Inc. Increasing consumer preference for sustainability will influence the industrial sector to adopt lignin as a renewable substitute for conventional petroleum-based raw materials.
Tanzania's economy grew by 4.9% in the 12 months to July 31, spurred by construction, transport, agriculture, manufacturing and mining and quarrying activities, the country's central bank said Tuesday. The growth was lower than the 5.9% expansion recorded during the prior-year period, the bank said. "Performance of the external sector of the economy continued to face challenges caused by Covid-19, particularly tourism, however, export of gold improved to about $3 billion in the...
* TSX ends down 72.21 points, or 0.4%, at 20,633.06. * Financials and industrials both fall 0.3% * Materials group ends 0.7% lower. * Uranium producer Cameco Corp (CCJ) jumps to 10-year high. By Fergal Smith.
* New government aims to cut deficit, revive growth. * President Hichilema says 'decisive action' needed. * Key mining sector welcomes market-friendly message. Zambian President Hakainde Hichilema said on Friday his new government would implement policies to reduce the fiscal deficit, restore economic growth and review mining policies.
The engine of the U.S. offshore energy production struggled to recover from Hurricane Ida on Friday as a lack of crews, power and fuel left most Gulf Coast oil and gas output offline five days after the storm passed. Ports were reopening, crews returning to offshore facilities and some pipelines restarted as companies completed post-storm evaluations.
* Storm left coastal roads, docks, ports in poor condition. * Lack of access impeding assessments, repairs to oil facilities. * Oil companies shifting resupply centers after major losses. By Devika Krishna Kumar and Liz Hampton.
Peru's Congress on Friday confirmed a new leftist Cabinet nominated by President Pedro Castillo, allowing the fledging administration to continue an agenda focused on higher social spending coupled with higher taxes for the mining industry. "I thank for granting us the vote of confidence," Castillo tweeted immediately after the vote.
LINDE PLC (LIN): * TO SUPPLY GREEN HYDROGEN TO SEMICONDUCTOR INDUSTRY. * NEW LINDE FACILITIES ARE EXPECTED TO START UP IN 2022. * IT WILL BE FIRST TIME GREEN HYDROGEN IS USED IN INFINEON'S SEMICONDUCTOR MANUFACTURING PROCESS.
Japan's Nikkei share average ended weaker on Friday, dragged down by declines in chip-related stocks that tracked U.S. peers lower but a surge in heavyweight Recruit Holdings (RCRRF) limited losses. The Nikkei share average edged down 0.14% to close at 27,977.15, while the broader Topix gained 0.15% to 1,956.39. For the week, the Nikkei, however, posted a second straight gain.
Australia's mining industry is bracing for a government inquiry that is expected to shed light on sexual harassment in the country's mineral-rich west, as the sector struggles with a dire skills shortage and low female representation.
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