Summary of Yara International Capital Markets Day - January 09, 2026 Company Overview - **Company**: Yara International (OTCPK:YARI.Y) - **Event**: 2026 Capital Markets Day - **Date**: January 09, 2026 - **Location**: Oslo, Norway Key Industry Insights - **Industry**: Fertilizer and Crop Nutrition - **Market Dynamics**: The nitrogen market fundamentals were discussed, highlighting the importance of nitrogen in crop production and the challenges faced by farmers in nutrient replacement [4][5][7]. Core Strategic Priorities - **Resilience and Growth**: Yara aims to strengthen resilience and grow sustainable returns through its business model and competitive advantages [3][16]. - **Safety Commitment**: Yara emphasizes a commitment to safety with a long-term ambition of zero accidents, despite a recent increase in accident rates [8][9][10][12]. - **Sustainability Goals**: The company is focused on reducing greenhouse gas emissions and optimizing nutrient use efficiency to support sustainable food systems [20][21][22]. Financial Performance - **Shareholder Returns**: Yara has distributed $5.5 billion to shareholders since 2020 and aims for significant growth in shareholder returns going forward [16][28]. - **EBITDA Improvement Targets**: Yara has set a target to improve EBITDA by more than $200 million by the end of 2027 and $350 million by the end of 2030 [27][28]. Production and Operational Excellence - **Production Capacity**: Yara achieved a production capacity of approximately 21 million tons of finished fertilizer, representing an 8% increase in volumes [57]. - **Investment in Production**: Significant investments are being made in expanding production capabilities, including a $50 million investment in Cartagena and a carbon capture project in Sluiskil [58][60]. Market Trends and Challenges - **Urea Market Dynamics**: The urea market saw demand-driven pricing in 2025, with strong sales in India and production issues in other regions affecting supply [38][39]. - **Natural Gas Prices**: Falling natural gas prices in Europe improved margins for producers, with expectations of increased LNG capacity in the coming years [46][47]. - **Carbon Pricing and CBAM**: The implications of the Carbon Border Adjustment Mechanism (CBAM) on European fertilizer prices were discussed, highlighting potential risks and uncertainties [32][33][49]. Technological Innovations - **Emission Reduction Technologies**: Yara has developed an N2O abatement catalyst that significantly reduces greenhouse gas emissions, contributing to the company's sustainability goals [21][22]. Conclusion - **Future Outlook**: Yara is well-positioned to navigate market uncertainties and capitalize on growth opportunities while maintaining a focus on profitability and sustainability [30][35][36].

从玲珑轮胎（601966）获悉，日前，其在2025年度全球环境信息披露平台(CDP)评级中获得重要突破，于"气候变化"与"水安全"两大核 心议题上双双获得"B"管理级评价。 在全球持续推动绿色转型与供应链透明度提升的背景下，此次评级不仅是对玲珑轮胎过往努力的肯定，更将为其在国际市场赢得更多 信任，为中国制造业的高质量与绿色发展提供一个具有参考价值的实践范例。 CDP评级是全球公认的企业环境管理成熟度核心标尺，以其科学、严苛的评估体系著称。获得"B"级评价，意味着企业不仅实现了对环 境影响的全面、透明披露，更已建立起一套覆盖战略治理、风险识别、目标设定与具体行动的全流程管理体系。 针对可持续发展这一时代课题，玲珑轮胎未来将持续对标国际领先实践、加强技术创新与管理精细化，向着CDP更高领导力等级跨 越。 玲珑轮胎在全球超万家参评企业中脱颖而出，证明了玲珑的环境管理实践达到国际认可的系统化与先进性水平，已建立起覆盖目标设 定、行动落地、进度监控的完整环境管理闭环，能够系统性应对气候风险并捕捉绿色转型机遇。 玲珑轮胎获得此评级，源于其近年来持续深化、系统推进的环境治理实践。玲珑轮胎将气候变化与水安全议题正式提升至董事 ...

Core Insights - Greenland has become a focal point due to its vast natural resources and strategic location, with significant reserves of rare earth elements, oil, natural gas, and minerals essential for electric vehicle production [3][8][9] Resource Potential - Greenland's proven rare earth reserves amount to 28.2 million tons, ranking it among the top globally [3] - The island is estimated to hold up to 90 billion barrels of oil and over 1,600 trillion cubic feet of natural gas, which could significantly impact global energy dynamics [8] - Lithium reserves in Greenland, particularly at Cape Farewell, are estimated at 2.8 million tons, accounting for about 10% of the world's current lithium resources, attracting interest from companies like Tesla [9] Strategic Importance - Greenland's geographical position makes it a key hub for the Arctic shipping routes, which can save 9 to 15 days of transit time compared to traditional routes, enhancing its commercial viability [5][6] - The Arctic shipping routes are viewed as potentially transformative for global trade, akin to the Suez and Panama Canals [6] Environmental and Cultural Considerations - The indigenous Inuit population has a deep connection to the land, and large-scale industrial development could disrupt their traditional lifestyle and cultural heritage [10] - Experts emphasize the need for respecting indigenous rights and ensuring their participation in resource development to achieve sustainable growth [10]

近日，中国电力企业联合会（中电联）颁发"中国绿色电力（绿证）消费TOP100企业"奖杯。 比亚迪位列该权威榜单的汽车行业第一名，总排名二十一名。 这一成绩不仅展现出了比亚迪在推动全价值链绿色转型、实现"绿色梦想"上的扎实行动，更是比亚迪"为地球降温1℃"品牌愿景的真实写照。 TOP1001 序号 国家能》 l 国家 | 2 3 浙江 4 深圳自 5 四) 广东 6 | 7 | r | | --- | --- | | 8 | 中国 | | 9 | 中国石 | | 10 | 中国 | | 11 | 大专 T | | 12 | 中国5 | | 13 | 一州之 1 | | 14 | 中国 | | 15 | 江东中1 | 365 16 中国 17 m 18 中国和 19 弘元乡 20 TCL和 21 22 内蒙: 23 ATT e 片 引 上一 比亚迪总裁王传福曾说："世界百年未有之大变局加速演进，绿色技术和产业转型成为大势所趋。比亚迪坚持以科技创新与产业创新融合发展为主线，把绿 色发展战略贯穿于企业成长的每一个阶段。" | 33 | 中国! | | --- | --- | | 34 | 湖北: | | 35 | 中 ...

1月8日，经国务院批准，中国石化集团公司与中国航油集团公司实施重组。 目前国际较大的航空燃料服务商主要为一体化石油化工公司，如壳牌、BP、埃克森美孚、道达尔等，其规模大、油品和基础设施保障能力强、声誉好、 网络完善，具有明显的比较优势。我国航空燃料生产、销售、加注等业务分属不同企业，整体竞争能力与国际大型航空燃料服务商相比有待提升。两家企 业重组后，实现优势互补，有助于航空燃料产业进一步做强做优做大，提高竞争力。 中国石化和中国航油"强强联手"，还有利于促进可持续航空燃料产业高质量发展。 航空业碳排放是交通领域减排最困难的领域，可持续航空燃料（SAF）是公认的主要减排路线。中国石化是我国最早拥有SAF生产能力的企业，填补了国 产SAF在国产机型上的应用空白。中国航油在SAF推广应用和生态构建等环节占据重要地位。两家企业重组后，将深度结合在SAF等领域的科技研发、产 业化能力、储运加注、国际贸易等优势，促进SAF研发、使用和持续迭代，推动产业链高质量发展，助力航空业减排降碳。 来源：人民日报客户端，记者：李心萍 业内人士分析，中国石化和中国航油"强强联手"，有利于提升航煤产业链韧性，保障航空业能源安全。 根据标 ...

三菱日联银行（中国）副行长兼环球企业及投资银行总经理林树文先生表示："在产业加速转型的背景下，此次协助新奥 股份完成可持续供应链融资的交易，是三菱日联银行支持中资企业可持续业务发展的积极举措，体现了三菱日联银行的可持续 金融的能力和决心。我们期待与新奥股份进一步深化合作关系，携手发展，并继续为企业的可持续业务发展目标提供支持"。 （CIS） 这次合作由三菱日联银行与新奥股份ESG团队及下属子公司保理团队密切协同推进，方案聚焦碳减排与供应链金融服务的 深度融合，是双方在绿色金融领域的创新实践，也是三菱日联银行在大中华区落地的首笔可持续供应链融资交易。 新奥股份董事长兼联席CEO蒋承宏先生表示："此次与三菱日联银行联合推出的绿色供应链金融产品，是公司践行高质量 发展责任的创新载体，通过链接银行与产业链各方，既能实现融资成本降低、深化合作共赢、加速绿色转型进程，又能推动银 行资源、企业信用与客户需求的高效聚合，进一步提升资金配置效率，以价值导向的创值实践推动生态协同共赢，为产业链可 持续发展注入持久动能"。 近日，新奥股份携手三菱日联银行成功落地绿色供应链金融产品。围绕供应链融资与可持续发展目标的深度融合，探索通 ...

过去几年，美国股市持续领先，一直是全球资本的焦点。然而2025年全球市场呈现出新的发展态势：欧洲市场的强劲表现和亚洲市场的亮眼数据，促使投 资者开始重新审视传统以美国为中心的投资布局。展望2026年，哪些区域市场更具潜力？哪些投资主题更值得深耕？又有哪些策略可以在波动中把握机 会、增强收益？ 本期财富交想"汇"，我们有幸邀请到 廖卓慧 摩根资产管理董事总经理 国际股票投资专家团队主管 匡正 汇丰私人银行及财富管理 中国首席投资总监 就2026年全球股市投资策略进行专业解读。 欧洲在绿色能源、可持续发展等前沿领域布局深厚，同时拥有一批世界级精品消费品牌，构成独特的投资吸引力。 未来一年，预计全球投资者会继续增加对环球市场的配置，以实现更好的风险分散。 估值优势显著： 即便在2025年经历不俗上涨后，欧股相比估值偏高的美股，仍然具备较好的性价比。 财政政策支持： 欧盟层面的财政政策有望持续为经济和就业提供支撑，有助于稳定市场，提振投资者信心。 独特板块机会： 欧盟在数据隐私和合规方面的严格法规，促使企业在AI应用中更加注重隐私安全，这有助于建立长期可持续的商业模式。同时，欧洲科技企业的估值也 相对更为合理。 AI ...

Core Viewpoint - The Trump administration has announced the withdrawal of the United States from 66 international organizations deemed "not in the interest of the United States," significantly impacting global cooperation in various sectors, particularly in climate change and women's rights [1][5]. Environmental Protection Impact - Approximately 20 of the organizations being exited are related to climate change, sustainable development, and environmental protection, including the United Nations Framework Convention on Climate Change, which is considered the legal foundation for global climate cooperation [1] - The U.S. will be absent from the 30th Conference of the Parties to the UN Framework Convention on Climate Change in 2025, marking the first absence in nearly 30 years [1] Women's and Children's Rights Impact - The U.S. will terminate its participation and funding for the United Nations Entity for Gender Equality and the Empowerment of Women and the United Nations Population Fund, which are crucial for global gender equality and maternal health initiatives [2] - The withdrawal also includes exiting from the United Nations Human Settlements Programme and various UN special representatives focused on issues like child conflict and sexual violence [2] Global Development Impact - The withdrawal list includes organizations such as the United Nations Conference on Trade and Development and the International Energy Forum, which are vital for global economic development and social affairs [4] - Several UN regional economic commissions, including those for Africa and Latin America, are also part of the exit strategy, indicating a broader impact on global and regional economic cooperation [4] Overall Implications - Trump's memorandum states that the operations of these organizations contradict U.S. national interests, security, economic prosperity, or sovereignty, reflecting a continued effort to withdraw from global cooperation [5] - This move is seen as part of a broader trend of the current administration to undermine global systems, particularly in areas related to development, women's issues, and climate change [3]

Core Insights - TCL showcased its innovative SQD-Mini LED display technology at CES 2026, highlighting its strong technological capabilities and market competitiveness with a range of new products [1][15][28] Group 1: Display Technology - TCL introduced the world's first flagship TV featuring SQD-Mini LED technology, the TCL X11L, which achieves 100% BT.2020 color gamut and features over 20,000 local dimming zones, providing a revolutionary viewing experience [2][18] - The X11L is designed with a thickness of only 2cm, showcasing advanced craftsmanship and aesthetic appeal, while also incorporating high-end audio technology from Bang & Olufsen [18][19] - TCL's display technology extends to various applications, including gaming and commercial use, with products like the TCL 57R94 monitor featuring QD-Mini LED technology and a 32:9 aspect ratio [3][19] Group 2: Mobile and Small Screen Innovations - The TCL NXTPAPER 70 Pro smartphone features the new NXTPAPER 4.0 eye-care display technology, certified by TÜV and SGS, offering a comfortable browsing experience across different scenarios [4][20] - The TCL Note A1 NXTPAPER electronic notepad utilizes NXTPAPER Pure display technology, providing a paper-like feel and AI tools for real-time text conversion and translation [5][21] - TCL's innovations also include the Thunder X3 Pro Project eSIM smart glasses, which operate independently without a smartphone, enhancing the functionality of AR devices [6][22] Group 3: Home Appliances and AI Integration - TCL's new AI health air conditioner, the TCL C7, features a unique sleep temperature curve and radar technology to enhance sleep quality, achieving a 25% increase in deep sleep duration [8][24] - The GeniusFresh refrigerator series incorporates smart technology for food preservation, while the AI washing machine offers a large capacity and efficient washing capabilities [9][25] - TCL's 5G Mobile WiFi P50 combines fast charging and wireless charging, supporting up to 64 devices simultaneously, enhancing connectivity for smart homes [9][25] Group 4: Sustainability and Global Impact - TCL presented its smart home energy solutions, integrating solar components with the TCL Home APP for sustainable living [11][27] - The company has established a strong global presence, ranking among the top in various product categories, including TVs and air conditioners, with significant market shares [12][14][28] - As a global partner of the Olympics, TCL aims to enhance the viewing experience during the 2026 Milan Winter Olympics, connecting technology with sports [14][29]

目前国际较大的航空燃料服务商主要为一体化石油化工公司，如壳牌、BP、埃克森美孚、道达尔等， 其规模大、油品和基础设施保障能力强、声誉好、网络完善，具有明显的比较优势。我国航空燃料生 产、销售、加注等业务分属不同企业，整体竞争能力与国际大型航空燃料服务商相比有待提升。两家企 业重组后，实现优势互补，有助于航空燃料产业进一步做强做优做大，提高竞争力。 根据标准普尔预测，2040年中国航油消费将由2024年的3928万吨增长至7500万吨。两家企业重组后，可 发挥炼化一体化、航油供应保障体系等多方面优势，减少中间环节，降低供应成本，为我国航空业能源 安全提供坚强保障。 中国石化和中国航油"强强联手"，有利于增强我国航空燃料产业国际竞争力。 国资委网站1月8日消息，经报国务院批准，中国石油化工集团有限公司与中国航空油料集团有限公司实 施重组。 据人民日报报道，业内人士分析，中国石化和中国航油"强强联手"有利于提升航煤产业链韧性，保障航 空业能源安全。 中国石化和中国航油"强强联手"，还有利于促进可持续航空燃料产业高质量发展。 航空业碳排放是交通领域减排最困难的领域，可持续航空燃料（SAF）是公认的主要减排路线。中国石 ...