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Lithium refining is a ‘license to print money’: Musk

  Bloomberg Elon Musk has called for more investment in global lithium refining to ease shortages in battery materials — and promised those who seize the opportunity it’s as lucrative as “basically minting money.” “I’d like to once again urge entrepreneurs to enter the lithium refining business. The mining is relatively easy, the refining is much harder,” Tesla Inc.’s Chief ...

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Macron, Scholz need a grand bargain on energy

The smell of natural gas rarely gets thought of as a recession risk in Europe. Yet International Monetary Fund (IMF) researchers listed exactly that as one of several potential bottlenecks that could aggravate the pain of a major European Union gas supply crisis, as seemingly small differences in the practice of gas odorisation for safety reasons would slow the flow ...

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Property crisis traps China in paradox

Here’s a scenario. You buy a pre-construction apartment and start paying the mortgage before it’s complete. The developer halts the project, has defaulted on its debt and it looks like the property may never get built. You hear of buyers elsewhere who have stopped making their loan payments; the government has stepped in to ensure the builders have money and ...

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