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UK Government Spends Millions to Keep British Steel Alive

Key Points: The UK government spent £377 million to fund British Steel over 9 months. The daily cost to keep the massive steel operation running is £1.3 million. The total bill will likely cross the half-billion-pound mark by June. The government has no clear plan or timeline for how British Steel will repay the loan. The British government is pouring hundreds of millions of pounds...

Australian Miner Syrah Delays Tesla Contract Deadline Again

Key Points: Syrah Resources and Tesla extended their deadline to resolve a contract dispute until June 1. This marks the fourth time the companies have delayed the deadline over graphite supply issues. Tesla claims Syrah failed to deliver proper graphite samples from its Louisiana facility. The original 2021 contract requires Syrah to supply Tesla with 8,000 tons of graphite annually. Australian graphite mining company Syrah...

US and China Discuss Stable Trade Deals Ahead of Trump and Xi Summit

Key Points: Top U.S. and Chinese economic officials held "remarkably stable" talks in Paris on Sunday. The two nations discussed potential agreements on agriculture, critical minerals, and managed trade. China showed a willingness to buy more American farm goods, such as poultry and beef. U.S. officials pushed for China to increase purchases of Boeing jets and American energy. Top economic officials from the United States...