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Industry News

Port union voices unanimous support for strike, escalating U.S. supply chain fears

(CNBC) - After two days of meetings of North America's largest longshoremen's union amid an impasse with port ownership on a new contract, concerns of a strike are growing amongst those in the business and logistics community.

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Codelco bids $500 million for stake in key Chile copper mine

(Mining) - Chile’s Codelco, seeking to retain the title of world’s top copper supplier, made a $500 million offer to buy a stake in a mine run by Teck Resources Ltd., people with knowledge of the matter said.

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How low will we go? USDA expected to cut their 2024 net farm income forecast

(The Daily Scoop) - USDA's Economic Research Service (ERS) will provide an updated 2024 net farm income forecast on Thursday. Even with improvements in livestock margins, the August Ag Economists’ Monthly Monitor showed the majority of ag economists expect the further deterioration in crop prices to weigh on the overall net farm income picture and force the agency to revise their forecast lower.

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Batteries are a fast-growing secondary electricity source for the grid

(EIA) - Utility-scale battery energy storage systems have been growing quickly as a source of electric power capacity in the United States in recent years. In the first seven months of 2024, operators added 5 gigawatts (GW) of capacity to the U.S. electric power grid, according to data in our July 2024 electric generator inventory. In 2010, only 4 megawatts (MW) of utility-scale battery energy storage was added in the United States. In July 2024, more than 20.7 GW of battery energy storage capacity was available in the United States.

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U.S. refiner warns of looming capacity shortage

(Oil Price) - A refining capacity shortage is looming globally and could materialize as soon as next year, the chief executive of Phillips 66 told Bloomberg in an interview.

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Supply chains are under plenty of stress, but they're not breaking. Here's why

(CNN) - Global supply chains, now a couple years recovered from pandemic-era snarls, have been chugging along at a much healthier clip.

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Panama Canal eases limits that caused global shipping bottleneck

(MSN) - The Panama Canal is lifting restrictions that caused a global shipping bottleneck as water levels normalize after a severe drought.

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Kazakhstan to construct new copper smelting plant in eastern Abay region

(Yieh) - Kazakhstan's eastern Abay region will see the construction of a new copper smelting plant with a capacity of 300,000 tons per year, as announced by the government. KAZ Minerals Smelting LLP has signed an agreement with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (NFC) for the plant's construction. NFC Kazakhstan LLP will handle the construction and commissioning.

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Unlock the treasure trove – Why Ag-data is your greatest asset

(Future Farming) - In the heart of every farm lies a treasure trove of data waiting to be unlocked, a direct result of the increasing prevalence of sensor technology. Farmers must become more aware of the value of the data they collect throughout their operations.

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Nevada lithium industry could help U.S. EV transformation

(Gov Tech) - Lithium is a mineral that is used to make electric vehicle batteries, and right now, the only functional lithium mine in the entire country is located in rural Esmeralda County, Nev.

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Summer droughts in Northern hemisphere increasingly likely as seasonal streamflows change

(Bristol) - Declining snowfall is changing the seasonal patterns of streamflow throughout the Northern hemisphere boosting chances of water shortages in the summer, scientists have found.

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US crude, fuel stockpiles rise as refining ramps up, EIA says

(Reuters) - U.S. crude oil stockpiles rose unexpectedly last week, while gasoline and distillate inventories also increased as refining ramped up and demand fell despite the kick-off of the summer driving season, the Energy Information Administration (EIA) said on Wednesday.

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Tesla supplier Piedmont Lithium gets key North Carolina mining permit

(Reuters) - North Carolina regulators have approved a state mining permit for Tesla (TSLA.O), opens new tab supplier Piedmont Lithium (PLL.O), opens new tab to develop one of the largest U.S. sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain.

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Using the sun to produce green plants and green energy

(ARS USDA) - Higher temperatures caused by climate change threaten crop yields and ranch animal health, but a team of researchers from the Agricultural Research Service (ARS) has a plan that will not only save crops and livestock but help power farms and the nation as well.

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How to adjust your fertility practices for no-till and cover crops

(AG Web) - Government incentives aimed at mitigating climate change are almost sure to motivate you, and your landlords, to move toward no-till and cover crops. That’s the reason for our series of stories aimed at helping you convert to vertical farming systems, where those practices perform best.

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Through Aramco, peak China courts peak oil

(Reuters Breakingviews) - Exchanges between China and Arab states stretch back centuries along the ancient Silk Road. More recently, Saudi Aramco (2222.SE), opens new tab is doubling down in the People’s Republic, making energy investments in the world's second largest economy. The two sides can help each other quite a lot.

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On lithium's frontier, miners are betting on a greener second act

(Mining) - Against the arid, red dirt of the Australian Outback, the Mount Holland lithium mine emerges to approaching visitors as a colossal grey-tinged crater, with trucks the size of houses edging along its steep inclines.

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US court upholds EPA decision to approve California electric-vehicle rules

(Reuters) - A U.S. appeals court on Tuesday upheld the Environmental Protection Agency's decision to grant California a waiver to set its own tailpipe emissions limits and electric-vehicle requirements.

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Ammonium sulfate can give soybeans sulfur boost

(BrownField) - An agronomist says they’re seeing more cases of sulfur deficiency in soybeans.

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US freight rail, supply chain, now at the mercy of California's net-zero emissions rule

(The Hill) - The U.S. Environmental Protection Agency is edging toward greenlighting California regulators’ plan to set net-zero emissions standards for locomotives operating in the Golden State. This scheme that could quickly spread to other states, threatening reliable rail transport of goods throughout the country.

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Member News

Two Mosaic Products Earn Enhanced Efficiency Fertilizer Designation

(Agriculture.com) - The Mosaic Company announces that two of its products, MicroEssentials and Sus-Terra fertilizer, are now labeled as Enhanced Efficiency Fertilizers (EEF) as defined by the Association of American Plant Food Control Officials (AAPFCO).

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Hempel Acquiring Wattyl Australia, New Zealand

(Coatings World) Hempel A/S said it signed a purchase agreement to acquire Wattyl – one of Australia and New Zealand's leading manufacturers of paint for the decorative and protective segments with a turnover of €150 million and 750 employees – from The Sherwin-Williams Company.

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Shell to License Tech for New Refinery

(Rig Zone) PT Pertamina Rosneft Pengolahan dan Petrokimia (PT PRPP) has signed a licensing and basic engineering agreement to apply Shell Catalysts and Technologies processes at a new refinery in Tuban, Java Timur, Indonesia, Shell (NYSE: RDS.A) reported Wednesday

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CSX, Union Pacific caution about bad winter weather

(Freight Waves) Bitter cold and strong winter storms could impact rail operations over the next several days, according to service advisories from several U.S. Class I railroads.

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U.S. Department of Commerce Issues Final Affirmative Countervailing Duty Determinations on Phosphate Fertilizer Imports from Morocco and Russia

Yahoo Finance - February 9, 2021
The U.S. Department of Commerce announced its final determination that phosphate fertilizer imports from Morocco and Russia are unfairly subsidized. Commerce calculated a subsidy rate of 19.97 percent for Moroccan producer OCP. In the Russia investigation, Commerce calculated rates of 9.19 percent and 47.05 percent for PhosAgro and EuroChem, respectively, and a rate of 17.2 percent for all other producers/exporters

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Oil May Not Be Chevron's Largest Business in 20 Years

CNN Business - February 8, 2021
While oil and gas will certainly be needed for decades to come, the oil and gas division may not be Chevron's top business in 20 years, although it will still be a very big part of the U.S. supermajor's operations, chief executive Michael Wirth told CNN Business in an interview published on Monday.

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TSI Member Companies Earn Railroad Safety Grand Slam Award

The NAR Grand Slam Award is presented annually to companies that are exemplary shippers of hazardous materials. An award winner must have been recognized by at least four Class I railroads and have had zero non-accident releases involving their shipments the previous calendar year. HJ Baker Sulphur LLC and ExxonMobil Corp received the award for calendar year 2019.

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Ioneer Announces Definitive Feasibility Study for the Rhyolite Ridge Lithium-Boron Project

April 30, 2020 – [From Ioneer's Newsletter] Yesterday we announced the outcomes of our Definitive Feasibility Study (’DFS’) for the Rhyolite Ridge Lithium-Boron Project in Nevada (‘Project’). This is an exciting and critical milestone for ioneer. The DFS places Rhyolite Ridge as the single most attractive Project for the economic production of lithium carbonate, lithium hydroxide and boric acid globally. Rhyolite Ridge is truly a world class asset with strong Project economics...

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Canadian National Railway and NorFalco Sales have signed a new multiyear agreement

Jan 9, 2020 – CN and NorFalco Sales have signed a new multiyear agreement that will provide freight transportation of sulphuric acid from NorFalco's rail-served production facilities in Sudbury, Ontario, and Rouyn-Noranda and Valleyfield, Quebec.

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Lithium Americas Releases 2019 Year in Review

Jan 3, 2020 – Lithium Americas recently released their 2019 Year in Review collection of the best photos and key milestones from Lithium Americas. Please find it here: 2019 Year in Review. For more information on the geology of the Thacker Pass Project, please check-out this interview with Lithium Americas’ Lead Geologist, Dr. Tom Benson, who recently presented new research on the origin of lithium deposits at the 100th Annual American Geophysical Union Fall Meeting in San Francisco.

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