RT Bloomberg Live (@BloombergLive)How dependent are EU defense companies on rare earth minerals from China? "We all share a certain vulnerability...defense isn't the only industry that's dependent. It is true that earths are a problem, but I think the problems actually start elsewhere" @torstenreil #BloombergTech https://t.co/3bPSLkJRnI ...

You've got real experience navigating volatile industries, experience in the airline business and experience in the automaker business, too. You took over as CFO in the pandemic. Can you talk to us about this year, Paul.Just how agile have you and the team needed to be and how volatile have things been, too. >> Well, Jonathan, first of all, thank you very much for having us. It's a great day to be at GM and celebrate the success of uh all of our employees and partners worldwide.So really appreciate uh you b ...

Industry Dynamics - The world is waking up to the fragility of the rare earth supply chain, which has developed over the last 30 years and become geopolitical leverage [2] - China's non-market driven behavior necessitates market incentives for the private sector to strengthen the supply chain outside of China [8] - The future demand for permanent magnets is expected to grow significantly with the advent of physical AI and robotics [14] USA Rare Earth Strategy - USA Rare Earth aims to strengthen the supply chain outside of China by integrating mining, processing, and magnet manufacturing [2][4][5] - The company is acquiring Less Common Metals, a UK-based maker of samarium cobalt magnets, to gain expertise and scale production [6][7] - USA Rare Earth is prioritizing support to the US defense sector with the assets it controls [16] - The company is well-capitalized and debt-free, focusing on bringing the whole sector forward [9] Production and Expansion - Magnet making will begin soon, following a "magnet to mine" strategy [11] - The company is developing short-term, medium-term, and long-term strategies to bring all assets to scale [10] - Auto manufacturers and others are expected to agree on building demand signals for rare earth elements outside of China through offtake commitments [13][14] Government Support - The private sector is seeking government support in the form of offtake agreements and permitting to accelerate development [9]

The automotive supply chain is in focus in a way it hasn’t been since the early 2020s https://t.co/BJLmFQJ0kW ...

Summary of Key Points from the Conference Call Industry Overview: Global Logistics Core Insights and Arguments - **Deceleration in Demand**: Signs of deceleration in ocean and air freight demand are emerging as ocean volume growth slowed to +3% globally in August, with a significant decline of -12% in Transpacific Eastbound volumes [1][3]. Air freight volumes also showed a modest deceleration in September, likely due to the expiration of the de minimis exemption [5][23]. - **Pressure on Ocean Rates**: Ocean freight rates are at their lowest levels since 2023, with the SCFI down over 50% year-to-date [3][20]. Key indicators such as the SCFI and WCI have seen declines of 54% and 58% respectively [20]. - **Orderbook Expansion**: The container shipping orderbook grew by +6% in Q3, with new orders equivalent to 3.4% of the in-service fleet, indicating continued investment despite oversupply risks [4][21]. - **Airfreight Performance**: Airfreight demand grew by 4% in August, but the growth rate moderated in September, with revenues below last year's levels [5][23]. The expiration of the US de minimis exemption is expected to impact future demand [23]. - **Surface Freight Outlook**: U.S. surface rates contracted in June and are expected to remain flat or decline in the second half of the year due to a softer freight outlook [6][24]. Additional Important Insights - **Global Trade Volumes**: Global trade volumes increased by 4.9% YoY in July, driven by a 6% rise in emerging market exports, while U.S. and European exports remained largely unchanged [2][18]. - **PMI Indicators**: September PMIs showed an increase in China (+0.7pt to 51.2) and the U.S. (+0.4pt to 49.1), while Europe saw a decrease for the first time this year (-0.9pt to 49.8) [2][18]. - **Market Sentiment**: The sentiment in the logistics sector remains weak, with companies expressing pessimism regarding international ocean demand and potential challenges in achieving a meaningful peak season [3][19]. Company Ratings and Valuations Key Company Ratings - **DSV**: Rated Outperform with a target price of DKK 1,700. Expected to become the largest freight forwarder post-acquisition of DB Schenker [9]. - **DHL**: Rated Outperform with a target price of €42.00. Strongly levered to e-commerce and world trade, with a solid long-term holding outlook [10]. - **Kuehne+Nagel**: Rated Market-Perform with a target price of CHF 165. Underperformance in volume growth noted, with execution issues impacting investor sentiment [11]. - **AP Moller - Maersk**: Rated Underperform with a target price of DKK 10,600. Facing challenges in container shipping with declining spot rates and a high orderbook [12]. Valuation Comparisons - **Valuation Metrics**: DSV shows a strong growth trajectory with an expected EPS of DKK 100+ by 2028, while Maersk's strategy has been criticized for failing to deliver promised synergies [9][12]. - **Market Cap and Share Buybacks**: DSV is projected to repurchase DKK 24 billion of shares annually, compared to its current market cap of DKK 310,654 million [9]. Conclusion The global logistics industry is experiencing a notable deceleration in demand across both ocean and air freight sectors, with significant pressure on rates and a growing orderbook despite oversupply risks. Companies like DSV and DHL are positioned favorably, while others like Maersk face challenges. The overall sentiment in the logistics sector remains cautious as companies navigate a complex market landscape.

Australian Prime Minister Anthony Albanese is expected to meet US President Donald Trump on Monday in Washington for talks that will include discussions over the supply chain of rare earth materials https://t.co/oYmjUB96pS ...

大家好我是大鱼 哪个CEO会 公开要求政府 取消对自己 公司的补贴？ 几年前 马斯克这么做时 大家都觉得他疯了 但今天 当通用福特 惨赔数十亿美元 我们才发现 这不是疯狂 而是一场教科书 等级的阳谋 他竟将单纯的 电车补贴 玩成了一把 精准打击对手 顺便奖励自己的 地缘政治武器 大家不要错过 今天的精彩内容 OK let's go 第一部分 马斯克的阳谋 哪个公司的老板 会嫌钱烫手 公开在 社群媒体上大喊 叫政府别再给 自己行业发补贴了？ 这听起来是不是 有点反直觉？ 但马斯克就曾经 发过这么一条推文 他说拿掉补贴吧 这只会对 特斯拉有帮助 他还认为 应该把所有行业的 补贴都取消掉！ 这操作曾经 让很多人认为 马斯克是疯了 但最近几家 传统车企的最新动向 却能证明马斯克 的先见之明 今天 我们就要把这件事 和最近在中国 发生的一件 看似无关的「假新闻」 事件串起来聊 因为这两件事 放在一起 就像一面稜鏡 折射出马斯克 和特斯拉 在中美这盘大棋局里 那个极其微妙 又充满矛盾的角色 他一边在美国 利用政府的政策 把传统车厂往死里逼 另一边 又把公司下一个 世代的未来 压在了华盛顿 最想「脱钩」的 中国供应链上 这 ...

Australian Treasurer Jim Chalmers will promote his nation’s ability to be a crucial part of Washington’s efforts to diversify the rare earths supply chain away from China, as part of talks with Kevin Hassett https://t.co/rl1VxNI7gx ...

Core Insights - The article introduces a new contributing analyst from Kaavish Capital, emphasizing the opportunity for others to share investment ideas and gain exposure through Seeking Alpha [1] Analyst Background - The analyst holds an MBA from Oxford and has over 15 years of experience in supply chain and data analytics, starting to invest during the COVID lockdowns in 2020 [2] - The analyst has consistently outperformed the market over the past three years, leading to a decision to pursue investing full-time [2] - Influences from legendary investors include a preference for great companies at fair prices, separating troubled companies from troubled industries, and the importance of thorough business understanding [2] Investment Approach - The analyst focuses on industries with a comprehensive understanding of the ecosystem, including suppliers, customers, regulation, and technology [2] - A scenario-based approach is used to manage uncertainty and derive probability-weighted valuations [2] - The analyst explores overlooked sectors where sentiment is negative but fundamentals suggest potential recovery, identifying interesting investment opportunities [2]

Upstream and downstream oil and gas production refer to a company’s location in the supply chain. https://t.co/LCRk4WgZkv ...