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BP taps into solar power

Bloomberg BP Plc may become the next oil giant to power operations with clean energy. The London-based company is in talks with a solar developer it partially owns, Lightsource BP, to buy power in the US, according to executives at the renewable company. A contract may be signed within six months, Lightsource BP Chief Commercial Officer Katherine Ryzhaya said. “It’s ...

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Fiat recall causes ‘supply shock’ in palladium

Bloomberg Fiat Chrysler Automobiles NV’s recall of 862,520 gasoline-fuelled vehicles could spur additional demand for the palladium market that’s already reeling from shortages. Replacing the catalytic converters in these vehicles would require an additional 77,000 ounces of palladium, said Miguel Perez-Santalla, sales and marketing manager at refiner Heraeus Metals New York LLC. Prices of the metal that’s used to curb ...

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Norsk Hydro set to restart systems after cyber attack

Bloomberg Norsk Hydro ASA said it made progress in securing its computer systems after the Norwegian aluminum maker was hit by a ransomware cyber attack. The company plans to restart overnight some systems in divisions that make finished metal, which should help it continue deliveries to customers. It has detected the “root cause” of the attack, but doesn’t know how ...

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