Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. 2 oil consumer. Brent crude futures dropped 19 cents, or 0.3%, to $73.68 a barrel by 0104 GMT while U.S. West Texas Intermediate crude futures were at $70.13 a barrel, down 25 cents, or 0.4%. Beijing's stimulus package announced at the National People's Congress (NPC) standing committee meeting on Friday fell short of market expectations, IG market analyst Tony Sycamore said in a note, adding that its murky forward guidance hinted at only modest stimulus for housing and consumption.
As part of the agreement, the Brisbane-headquartered firm will supply a minimum of 86,250 metric tons, up to a target volume of 115,000 metric tons of synthetic graphite from its Riverside facility in Chattanooga, Tennessee, to Stellantis' cell manufacturing partners in North America from 2026 until 2031. The Australian firm also said that it was making progress on building a new production facility in the southeastern United States which will boast an initial capacity of 30,000 metric tons per annum (tpa) and plans to expand that facility to 75,000 tpa.
Nvidia after Trump takes the White House may look just like Nvidia before Trump took the White House.
