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Amid coal imports, government says production to touch 900 million tonnes this fiscal

All efforts are being made by Coal India (NS:) Ltd (CIL) and its subsidiaries to achieve this goal, he said at a function here. The target is ambitious, considering the fact that CIL’s production in 2021-22 was 622 million tonnes. However what is more significant is the fact that owing to a huge spike in …

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Apple Cutting iPhone 14 Plus Production Reports The Information By Investing.com

© Reuters. By Sam Boughedda The Information reported late in Tuesday’s session that Apple (NASDAQ:) is cutting production of its iPhone 14 Plus only two weeks after its debut. Citing two people familiar with the matter, the publication wrote that Apple told at least one manufacturer in China to stop iPhone 14 Plus components immediately …

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Gold Pinned Below $1,650, Copper Awaits Major Production Reports

By Ambar Warrick  Investing.com– Gold prices inched higher on Monday but were pinned below key support levels as markets feared more interest rate hikes by the Federal Reserve, while copper markets awaited quarterly production figures from some of the biggest miners in the world, due later this week.  Bullion prices marked their worst week in two …

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Li-Metal Provides Operational Update on Anode Production By Investing.com

© Reuters. By Michael Elkins  Lithium metal and next-gen battery company, Li-Metal (CSE:) released an operational update for its roll-to-roll anode pilot plant in Rochester, New York today. According to the release, year-to-date, the Facility has produced more than 3,000 meters of sample lithium metal anode material for both internal and customer use. This throughput …

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No plan to cut chip production despite slowing demand: Samsung

Seoul, Oct 6 (IANS) Samsung Electronics (KS:) is not considering a cut in production of its memory chips despite slowing demand amid concerns over a global economic recession, a senior company executive has said. “There is no internal discussion (about a cut in memory chip production) at the moment,” Han Jin-man, executive vice president and …

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Rivian Reiterates Production Guidance; Truist Reiterates Buy Rating By Investing.com

© Reuters By Michael Elkins Truist Securities reiterated a Buy rating and $65.00 price target on Rivian Automotive Inc (NASDAQ:) after the electric vehicle company released its 3Q sales and delivery numbers for the month of September. Rivian reportedly produced about 7.4K vehicles in the month, compared to the street estimate of 8.6K. Deliveries came …

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RBC Capital Remains Bullish as Rivian Reiterates 25k Production Guide By Investing.com

© Reuters By Michael Elkins RBC Capital reiterated an Outperform rating and $62.00 price target on Rivian Automotive Inc (NASDAQ:) following the release of the company’s 3Q delivery and sales numbers. RIVN reported it delivered 6,584 vehicles and produced 7,363 vehicles in 3Q22. The consensus estimate for deliveries was 7.0k. Analysts believe that a component …

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Rivian Automotive Releases 3Q Production Totals By Investing.com

© Reuters By Michael Elkins American electric vehicle maker, Rivian Automotive Inc (NASDAQ:) announced production totals for the 3Q ending September 30, 2022. The company produced 7,363 vehicles at its manufacturing facility in Normal, Illinois and delivered 6,584 vehicles during the same period. This compares to the company’s 2Q when the company produced 4,401 vehicles. …

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OPEC oil cartel, allies to consider biggest cut in oil production since pandemic

Abu Dhabi, Oct 3 (IANS) Major oil producing states are bracing the world for the biggest cut in oil production since the pandemic, the media reported. The OPEC oil cartel and its allies, including Russia, will reportedly consider cutting output by more than 1 million barrels per day (bpd) at a meeting in Vienna on …

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