Streetbeat News

BASFY

Basf SE

https://www.basf.com/

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

American Battery Technology (NASDAQ:ABAT) CEO Ryan Melsert discusses the company's milestones, market state, and its role in the green energy sector. The company focuses on battery recycling, metal manufacturing, and resource development, with significant growth and government support. ABAT has a partnership with BASF (OTC:BASFY) and is developing a lithium refinery. Melsert emphasizes the importance of federal support and strategic partnerships for future growth.

Portfolio Pulse from Stjepan Kalinic

August 15, 2024 | 4:45 pm

Major automakers are targeting lithium supply from American Battery Technology Co. (ABAT) as the company develops one of the largest lithium deposits in the U.S. at its Tonopah Flats project. The company is also involved in battery recycling and has partnerships with BASF and the U.S. Advanced Battery Consortium. Automakers like Ford, GM, and Tesla are seeking lithium sources to meet the growing demand for electric vehicle batteries.

Portfolio Pulse from Matt Whittaker

June 24, 2024 | 2:18 pm

China has criticized the G-7 nations for their claims about China's trade practices, particularly overcapacity. The G-7 finance ministers and central bankers accused China of non-market policies that harm global economies. In response, China dismissed these allegations as protectionism. The Biden administration has reimposed tariffs on Chinese imports and increased duties on Chinese electric vehicles, while the EU is considering raising levies on China's EV industry. China has also launched a $47.5 billion state fund to boost its semiconductor industry and is investigating U.S. plastics imports, affecting companies like Basf and Asahi Kasei.

Portfolio Pulse from Benzinga Neuro

May 27, 2024 | 11:12 am

China has launched an anti-dumping probe into U.S. and EU plastics imports, potentially retaliating against recent U.S. tariffs on Chinese goods. The investigation targets polyoxymethylene copolymer, affecting companies like Celanese, DuPont, and others. The move follows President Biden's protectionist measures, which include significant tariffs on Chinese steel, aluminum, EVs, and more.

Portfolio Pulse from Natan Ponieman

May 20, 2024 | 9:22 pm

J.P. Morgan projects a 20%-23% YoY growth in global EV sales for 2024, led by China-based companies like Nio, XPeng, and Li Auto. The focus is on battery innovation, fast charging, and cost reductions. U.S. tariffs on Chinese exports will impact material costs for U.S. EV makers like Tesla and Rivian.

Portfolio Pulse from Surbhi Jain

May 17, 2024 | 3:05 pm

BASF SE (OTC:BASFY) has signed a deal with ENN Energy Holdings Limited (OTC:XNGSY) to supply natural gas to its Zhanjiang Verbund site in China. ENN Energy will construct necessary infrastructure for a stable gas supply. This partnership marks a significant step towards BASF's largest investment, the Zhanjiang Verbund site, and supports clean energy supply in the region. BASF aims to make this site a model of sustainable production.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 4:42 pm

BASF SE (OTC:BFFAF) (OTC:BASFY) announced Dr. Markus Kamieth as the new Chairman of the Board of Executive Directors, effective April 25, 2024. He succeeds Dr. Martin Brudermüller. BASF is undergoing restructuring, including carving out divisions and reducing investments by €4 billion to address financial pressures and the German chemical industry's downturn. The industry is not expected to recover before 2025, with some companies permanently shutting down production.

Portfolio Pulse from Anusuya Lahiri

December 20, 2023 | 3:11 pm

BASF SE (OTC:BASFY) is transforming into a customer-focused organization by adjusting business models to meet specific customer industry needs while maintaining integrated company benefits. The strategy will be applied to Battery Materials, Coatings, and Agricultural Solutions. New KPIs will emphasize EBITDA before special items and cash flows, with targeted margins for various divisions. BASF aims to reduce specific Scope 3.1 emissions by 15% by 2030 and achieve net-zero by 2050. BASFY shares rose 2.01% to $12.16.

Portfolio Pulse from Lekha Gupta

December 07, 2023 | 7:05 pm

A U.S. appeals court reversed a lower court's decision, preventing 11.8 million Ohio residents from suing chemical companies like 3M Co, DuPont de Nemours, Corteva, and Chemours for PFAS contamination. The plaintiff could not prove the chemicals in his blood were from these companies or that they caused harm. This ruling is a significant win for the chemical industry, which faces global scrutiny over PFAS, known as 'forever chemicals' due to their persistence in the environment and human body.

Portfolio Pulse from Natan Ponieman

November 28, 2023 | 7:47 pm

The United Auto Workers (UAW) union has initiated a strike against Detroit's three major automakers: Ford Motor Co, General Motors Co, and Stellantis NV. The strike may have repercussions on auto suppliers that provide vital components and services to these automakers. The Biden administration is considering extending emergency financial support to the affected auto suppliers. The strike has affected all three automakers at their respective assembly plants.

Portfolio Pulse from AJ Fabino

September 15, 2023 | 3:42 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.