Volume 6 Issue 28
Base oil exports from the United States rose 11%, and imports increased 18% in April, according to data released by the U.S. Energy Information Administration. Exports to Mexico, Chile, Panama, the United Arab Emirates and Nigeria all jumped by triple-digit percentages.
United States exports of automotive, diesel and marine engine oils increased 18% in 2022, while imports of the same products climbed 38%, according to data tracked by the U.S. International Trade Commission. The federal agency advises the legislative and executive branches on trade matters.
Avalon Advanced Materials and Metso Corp. reached a memorandum of understanding this week to develop a lithium hydroxide production facility in the Canadian province of Ontario – primarily to provide battery cathode material for electric vehicles.