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Energy

VinFast shares dive 10% after reporting $526.7M quarterly loss

VinFast shares dive 10% after reporting $526.7M quarterly loss

VinFast, the Vietnam-based electric vehicle manufacturer building a huge factory in Chatham County, reported a quarterly loss of $526.7 million for the three-month period ending June 30. But the company also reported a surge in revenues and vehicle sales.

Albemarle moves closer to $4B buy of Australia-based battery mineral provider

Albemarle moves closer to $4B buy of Australia-based battery mineral provider

North Carolina-based Albemarle is one major step closer to expanding its sourcing for lithium battery materials, moving closer to a “binding agreement” to acquire Australia-based Liontown Resources. It’s already been declared by the Wall Street Journal as the “king of lithium.”

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