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Tag: MP

  • A New Rare-Earths Plant in Europe Shows How Tough Breaking China’s Grip Will Be

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    Europe is trying to get itself on the global rare-earths map, and a new facility on Russia’s border is its opening bid.

    The city of Narva in Estonia, once a textiles hub for the Russian Empire, is now host to Europe’s biggest production plant for the kinds of rare-earth magnets needed in electric cars and wind turbines. It is part of Europe’s push to secure a foothold in a global supply chain dominated at every step by China. Built by Canada’s Neo Performance Materials and financed in part by the European Union, the factory is expected to begin commercial deliveries to companies including the German car-parts supplier Robert Bosch next year.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Kim Mackrael

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  • Tesla’s Plans to Save Money Are Trouble for These Stocks

    Tesla’s Plans to Save Money Are Trouble for These Stocks

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    Tesla


    had bad news for producers of EV raw materials as it offered investors a look at its plans in a widely anticipated three-and-a-half hour presentation on Wednesday evening.

    Shares of the rare-earth producer


    MP Materials


    (ticker: MP) were down 11.2% in premarket trading Thursday, while stocks of companies that make semiconductors using silicon carbide took a hit as well. Futures on the


    S&P 500


    future were down 0.5%.


    Dow Jones Industrial Average


    futures gained 0.3%.

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  • U.S. Congress split on making daylight-saving time permanent

    U.S. Congress split on making daylight-saving time permanent

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    WASHINGTON, Nov 3 (Reuters) – A push in the U.S. Congress to make daylight-saving time permanent, which was unanimously passed by the Senate earlier this year, has stalled in the House, with a key lawmaker telling Reuters they have been unable to reach consensus.

    In March, the Senate voted to put a stop next year to the twice-annual changing of clocks, which supporters say will lead to brighter afternoons and more economic activity.

    U.S. Representative Frank Pallone, who chairs the Energy and Commerce Committee that has jurisdiction over the issue, said in a statement to Reuters the House is still trying to figure out how to move forward.

    “We haven’t been able to find consensus in the House on this yet. There are a broad variety of opinions about whether to keep the status quo, to move to a permanent time, and if so, what time that should be,” Pallone, a Democrat, said, adding that opinions break down by region, not by party.

    Legislative aides told Reuters they do not expect Congress to reach agreement before the end of the year. Supporters in the Senate would need to reintroduce the bill next year if it is not approved by the end of the year.

    Daylight-saving time has been in place in nearly all of the United States since the 1960s. Year-round daylight-saving time was used during World War Two and adopted again in 1973 in a bid to reduce energy use because of an oil embargo and repealed a year later.

    “We don’t want to make a hasty change and then have it reversed several years later after public opinion turns against it — which is exactly what happened in the early 1970s,” Pallone said.

    On Sunday, Nov. 6 at 2 a.m. EDT (0600 GMT), the United States will resume standard time.

    Pallone previously said he backs ending the clock-switching but has not decided whether to support daylight or standard time as the permanent choice.

    Supporters also argue that if approved, the so-called Sunshine Protection Act would allow children to play outdoors later, and reduce seasonal depression. It would also prevent a slight uptick in car crashes that typically occurs around time changes — notably crashes with deer.

    They also point to studies suggesting a small increase in heart attacks and strokes soon after the time change and argue the measure could help businesses like golf courses draw more customers into the evening.

    Critics, including the National Association of Convenience Stores, say it will force many children to walk to school in darkness during the winter, since the measure would delay sunrise by an hour in some places.

    On Sunday, Mexico rolled back its clocks one last time after the passage of a law last week to abolish daylight-saving time. Some northern towns will continue to practice the time change come spring, however, likely due to their ties with U.S. cities across the border.

    The move, long sought by President Andres Manuel Lopez Obrador, was based on backing by voters as well as negligible energy savings and negative health effects from the time change, officials said.

    The White House declined to say earlier this year if Biden supports making daylight-saving time permanent.

    Since 2015, about 30 states have introduced or passed legislation to end the twice-yearly changing of clocks, with some states proposing to do it only if neighboring states do the same.

    The bill would allow Arizona and Hawaii, which do not observe daylight-saving time, to remain on standard time as well as American Samoa, Guam, the Northern Mariana Islands, Puerto Rico and the U.S. Virgin Islands.

    Reporting by David Shepardson in Washington; additional reporting by Kylie Madry in Mexico City; editing by Diane Craft

    Our Standards: The Thomson Reuters Trust Principles.

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