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No Urgent Need for Key Producers to Aid Oil Market, Putin Says
No Urgent Need for Key Producers to Aid Oil Market, Putin Says

Bloomberg

time5 hours ago

  • Business
  • Bloomberg

No Urgent Need for Key Producers to Aid Oil Market, Putin Says

The global oil market so far does not call for any additional steps from producers amid the conflict between Israel and Iran as the tensions have had only a limited effect on prices, according to Russia's President Vladimir Putin. Many OPEC+ members, including the Gulf states, are able to step in and increase their production if needed, yet 'as a rule, we do that in a coordinated manner,' Putin said Friday when asked if Russia is ready to hike output to support the market amid the Mideast conflict.

Zoox unveils US robotaxi production facility
Zoox unveils US robotaxi production facility

Yahoo

timea day ago

  • Automotive
  • Yahoo

Zoox unveils US robotaxi production facility

Zoox, an Amazon-backed company has inaugurated its first serial production facility for purpose-built robotaxis in the US, signalling a significant step in the company's expansion plans. The facility, located in Hayward, California, spans 220,000ft2 and is set to support Zoox's growth and robotaxi services across multiple markets. The new facility represents a pivotal moment for Zoox, being the second vehicle production site in the Bay Area. It complements the existing Fremont facility, which now focuses on the assembly of the Zoox testing fleet and sensor pod configuration. At full capacity, the Hayward site can assemble over 10,000 robotaxis annually, with production numbers set to align with the commercial service's demand. The Hayward facility is a hub for various operations, including robotaxi engineering, software and hardware integration, assembly, component storage, and shipping. It also houses the essential end-of-line testing before the robotaxis are deployed. This state-of-the-art facility not only showcases Zoox's values but also fosters close collaboration between engineers and other teams due to its proximity to the Foster City headquarters. Zoox's approach to owning, operating, and assembling its robotaxis provides the company with comprehensive oversight of the entire production process. This control allows Zoox to adjust production based on market demand and expansion plans. The facility's design and equipment are future-proof, ready to accommodate advances in robotaxi design. Despite the focus on autonomous robots, the human workforce remains integral to the manufacturing process at Zoox. Robots perform precision tasks, such as applying adhesive for glass installation, while the rest of the assembly is carried out manually. The facility is expected to create hundreds of jobs in the San Francisco Bay Area, with roles for operators, logistics personnel, and assembly specialists set to increase as the operation scales up. "Zoox unveils US robotaxi production facility" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

JX Advanced Metals to Cut Copper Output and Boost Recycling
JX Advanced Metals to Cut Copper Output and Boost Recycling

Bloomberg

time2 days ago

  • Business
  • Bloomberg

JX Advanced Metals to Cut Copper Output and Boost Recycling

Planned cuts to refined copper production at JX Advanced Metals Corp. will run to the tens of thousands of tons, a spokesperson for the Japanese company said Thursday, declining to give a more precise number. JX said on Tuesday it's considering reducing output due to tight supplies of concentrate, the feedstock for the refined metal. The company owns 48% of Pan Pacific Copper Co., the biggest producer in Japan with total annual refined copper capacity of 650,000 tons.

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