Video News: Vesuvius retains earning outlook in Q3

Published: Monday, 03 November 2014

Vesuvius retains earning outlook in Q3; Alevo to build energy storage battery plant in US, Sumitomo Corp. starts test production of rare earths in Kazakhstan

On this week's IMTV, British refractories manufacturer Vesuvius shows how it retained its earnings outlook for 2014, despite seeing softening in demand in some regions during Q3 2013.

Swiss energy storage company Alevo said that it will construct a gigawatt-scale lithium-iron-phosphate cathode manufacturing plant in North Carolina to for utilities in China, Turkey and US.

Japan’s Sumitomo Corp. has commenced test production of rare earths in Kazakhstan, in a joint venture (JV) partnership with the country’s national atomic energy company, Kazatomprom.

And finally, Mongolia signed a series of agreements with neighbouring nations to increase investment in its infrastructure in order to boost fluorspar production over the next few years.