Latest news with #domestic production
Russia Today
2 days ago
- Automotive
- Russia Today
Putin speaks of threat to Russian sovereignty
Russia would inevitably lose its sovereignty if it relies solely on oil and gas revenues and abandons domestic production in favor of imports, President Vladimir Putin has said. In an interview with journalist Pavel Zarubin released on Sunday, Putin defended Russia's decades-long effort to localize automobile manufacturing, saying it was essential for protecting the country's economic and political autonomy. He recalled that in the 1990s many of his government colleagues wanted to abandon efforts to develop the car industry and instead rely on foreign-made vehicles, a view that he opposed. 'We must talk about technological independence… If we buy everything with the oil and gas [revenues] – and now they [the West] are trying to cut us off from oil and gas – then Russia will simply lose its competitiveness, and with it, its sovereignty,' he said. According to Putin, efforts to improve the domestic car industry began with cooperation with Western partners that were licensed to build assembly plants in Russia. Starting in the early 2010s, the authorities gradually tightened localization requirements, demanding that automakers produce more components domestically. 'This was serious work. We were essentially creating our own cars,' Putin remarked, adding that the effort paid off after the escalation of the Ukraine conflict in 2022, which saw an exodus of Western companies from Russia as Kiev's backers introduced sanctions against Moscow. Russia sold about 1.571 million new passenger cars in 2024 (up 48%), with Lada accounting for roughly 28% (436,155 units) and remaining the market leader, according to the analytical agency Autostat. However, all others spots in the top ten were occupied by Chinese brands. Russia's Kamaz also distributed the most trucks in the country last year, despite an overall drop in sales, the agency said. Putin has personally promoted the domestic automobile industry and has often been seen driving Lada and Kamaz vehicles. He also uses a limousine from the Russian luxury brand Aurus as his presidential car. In 2024, he gifted Aurus limos to North Korea's Kim Jong‑un and Bahrain's King Hamad bin Isa Al Khalifa.
Russia Today
3 days ago
- Automotive
- Russia Today
Putin reveals threat to Russian sovereignty
Russia would inevitably lose its sovereignty if it relies solely on oil and gas revenues and abandons domestic production in favor of imports, President Vladimir Putin has said. In an interview with journalist Pavel Zarubin released on Sunday, Putin defended Russia's decades-long effort to localize automobile manufacturing, saying it was essential for protecting the country's economic and political autonomy. He recalled that in the 1990s many of his government colleagues wanted to abandon efforts to develop the car industry and instead rely on foreign-made vehicles, a view that he opposed. 'We must talk about technological independence… If we buy everything with the oil and gas [revenues] – and now they [the West] are trying to cut us off from oil and gas – then Russia will simply lose its competitiveness, and with it, its sovereignty,' he said. According to Putin, efforts to improve the domestic car industry began with cooperation with Western partners that were licensed to build assembly plants in Russia. Starting in the early 2010s, the authorities gradually tightened localization requirements, demanding that automakers produce more components domestically. 'This was serious work. We were essentially creating our own cars,' Putin remarked, adding that the effort paid off after the escalation of the Ukraine conflict in 2022, which saw an exodus of Western companies from Russia as Kiev's backers introduced sanctions against Moscow. Russia sold about 1.571 million new passenger cars in 2024 (up 48%), with Lada accounting for roughly 28% (436,155 units) and remaining the market leader, according to the analytical agency Autostat. However, all others spots in the top ten were occupied by Chinese brands. Russia's Kamaz also distributed the most trucks in the country last year, despite an overall drop in sales, the agency said. Putin has personally promoted the domestic automobile industry and has often been seen driving Lada and Kamaz vehicles. He also uses a limousine from the Russian luxury brand Aurus as his presidential car. In 2024, he gifted Aurus limos to North Korea's Kim Jong‑un and Bahrain's King Hamad bin Isa Al Khalifa.
Bloomberg
16-07-2025
- Business
- Bloomberg
Rare Earth Firm Ucore to Start Output at Louisiana Plant in May
Canada's Ucore Rare Metals Inc. aims to start producing rare earth elements at a new Louisiana facility next May, boosting US processing capacity in an industry that's currently dominated by China. The move comes as the Trump administration ramps up efforts to increase domestic production of rare earths, which are strategically vital for weapons and other high-tech applications.
Bloomberg
14-07-2025
- Business
- Bloomberg
China Coal Imports Fall Further on Weak Demand, Domestic Output
China's coal imports fell to their lowest in more than two years on weak demand and higher domestic production. Import volumes dropped to their lowest since February 2023 in June, according to customs data released on Monday. First-half deliveries were down 11% from a year earlier.
Yahoo
13-07-2025
- Business
- Yahoo
Why USA Rare Earth Stock Soared This Week
The Department of Defense's $400 million investment in MP Materials set off a wave of enthusiasm across the industry. The government's move aims to boost domestic rare earth production, which is currently dominated by China. Unlike MP Materials, which already operates an active mine and generates revenue, USA Rare Earth is pre-revenue with negative shareholder equity. 10 stocks we like better than Usa Rare Earth › Shares of USA Rare Earth (NASDAQ: USAR) jumped this week, up from last Thursday's close at 1 p.m. ET for the Fourth of July holiday by 10.4% as of 1:30 p.m. ET Friday. The rise came as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq-100 both gained 0.6%. USA Rare Earth stock jumped -- alongside most of the critical mining industry -- after MP Materials announced yesterday it had inked a major deal with the Department of Defense (DoD). The Trump administration, which has been considering direct investments in companies that mine materials essential to U.S. national security, pulled the trigger, taking a $400 million stake in rare earth mining company MP Materials. Rare earth materials are essential in technologies at the core of many key weapon systems, and at present, the vast majority of them are mined in China. MP was chosen because it owns the only operational rare earth mine in the U.S. Now its largest shareholder is the Department of Defense, which took a more than 15% stake, almost twice that of the next largest shareholder, CEO James Litinsky. Miners and refiners across the industry saw their stock boosted by the news in hopes that more deals like it would be coming. There are no guarantees that the Pentagon will follow with more deals such as this, and even if it does, there's certainly no guarantee that USA Rare Earth would be selected. Investors are running up the stock on pure speculation, which smart investors should always be wary of. And while on its face, the two companies may appear similar, MP Materials has an active mine and brought in over $60 million in revenue last quarter. USA Rare Earth has no sales and negative shareholder equity, as it is still building out its operations. You should only consider USA Rare Earth stock if you understand this is a high-risk, pre-revenue company. Before you buy stock in Usa Rare Earth, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Usa Rare Earth wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,432!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,854!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool recommends MP Materials. The Motley Fool has a disclosure policy. Why USA Rare Earth Stock Soared This Week was originally published by The Motley Fool
