Russian Coal Sector's Slide Into Crisis Shows Cracks in Economy
Only half of Russia's coal companies remained profitable in 2024, according to the Federal Statistics Service, and the situation is continuing to deteriorate. One top miner, Mechel PJSC, said on June 30 that it may cut sales by a quarter this year and has already begun scaling back output as each newly mined ton deepens losses. Some mines in Siberia have had to halt output.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
4 minutes ago
- Bloomberg
CATL Suspends Production at China Lithium Mine for Three Months
Battery giant Contemporary Amperex Technology Co. Ltd. has suspended production at a major lithium mine in China's Jiangxi province for at least three months, according to people familiar with the matter. CATL, the world's largest manufacturer of electric-vehicle batteries, has announced internally that the Jianxiawo mine would be temporarily halting operations, said the people. One of the people said affiliated refineries in nearby Yichun had been informed. They asked not to be named as they are not authorized to speak publicly.
Yahoo
31 minutes ago
- Yahoo
SMA Solar Technology Second Quarter 2025 Earnings: €1.38 loss per share (vs €0.45 profit in 2Q 2024)
SMA Solar Technology (ETR:S92) Second Quarter 2025 Results Key Financial Results Revenue: €357.1m (down 10% from 2Q 2024). Net loss: €47.9m (down by 406% from €15.6m profit in 2Q 2024). €1.38 loss per share (down from €0.45 profit in 2Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period SMA Solar Technology Earnings Insights Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Semiconductor industry in Germany. Performance of the German Semiconductor industry. The company's shares are up 19% from a week ago. Risk Analysis Be aware that SMA Solar Technology is showing 2 warning signs in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
Chinese state media says Nvidia H20 chips not safe for China
BEIJING (Reuters) -Nvidia's H20 chips pose security concerns for China, a social media account affiliated with China's state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said in an article published on WeChat. "When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it," the article concluded. Nvidia did not immediately respond to a request for comment. H20 artificial intelligence chips were developed by Nvidia for the Chinese market after the U.S. imposed export restrictions on advanced AI chips in late 2023. The administration of U.S. President Donald Trump banned their sales in April amid escalating trade tensions with China, but reversed the ban in July. China's cyberspace watchdog said on July 31 that it had summoned Nvidia to a meeting, asking the U.S. chipmaker to explain whether its H20 chips had any backdoor security risks - a hidden method of bypassing normal authentication or security controls. Nvidia later said its products had no "backdoors" that would allow remote access or control. In its article, Yuyuan Tantian said Nvidia chips could achieve functions including "remote shutdown" through a hardware "backdoor." Yuyuan Tantian's comment followed criticism against Nvidia by People's Daily, another Chinese state media outlet. In a commentary earlier this month, People's Daily said Nvidia must produce "convincing security proofs" to eliminate Chinese users' worries over security risks in its chips and regain market trust. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
