Iran, Iraq, Libya, Nigeria and Venezuela will add roughly 900,000 barrels a day of production this year and at least the same in 2024, the bank estimates.
Starting from the middle of 2026, BASF will receive about 800,000 tons of LNG annually from Cheniere Energy Inc. in an agreement that runs through 2043.
The investment will fund research for a laboratory and the testing of economically viable extraction, separation and refining technologies to produce rare earth elements and critical minerals.
The brands that will win are those capable of intelligently combining more efficient sourcing with flexible production methods and products, while adapting to consumer expectations.
These policy reforms will lead to efficiency and productivity gains and enable “stable prices for consumers, assured supplies and remunerative proceeds for farmers,” said the Reserve Bank of India.
The latest skirmish in the trade war between the U.S. and China provides yet another reminder of why American high-tech manufacturers need to diversify their supply of critical raw materials.
Imagine a world where technology is used to connect a finished food product with its own supply chain data, as well as any information pertaining to sources for its ingredients.