The aluminum market is experiencing the biggest supply shock of the century due to disruptions in the Gulf region, which supplies about 9% of global primary aluminum. This has caused a 2 million ton deficit forecast by year-end, impacting Europe and the U.S. heavily as they scramble for alternative sources. Europe struggles with high power costs and environmental rules limiting domestic production, while the U.S. faces power supply competition from tech infrastructure. China is increasing exports to fill the gap, while Canada, with its hydro-powered smelters, emerges as a strategic supplier. This supply crunch highlights the critical role of energy availability and geopolitical tensions in metal markets.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
DMG Blockchain Solutions announced two strategic investments: one in MeetAmi Innovations, a Canadian fintech offering digital asset wealth management platforms, and another in Atomic47 Labs, an AI company focused on secure, sovereign AI infrastructur...
Gnosis (GNO) surged 13% in 24 hours, closing in on overtaking BONK by market capitalization to reach the 100th largest token spot. GNO's market cap stands at $303.88 million versus BONK's $330.07 million, requiring a price rise to about $125.48 for t...
