Much of the reason for Wednesday's 500-point Dow run up was hedge funds covering shorts. Over 10K funds manage ~$2.2T and account for 50-70% of daily volume.
Vanadium could emerge as game changer in batt tech: Reuters. Vanadium flow batts charge in a flash, their capacity actually expands, they last for decades, generate low levels of heat and are suitable for connection to power grid. But vanadium has a volatile price, trending with steel demand. A rumor that China Strategic Holdings is spending $300M to build largest vanadium batt. German start-up DBM Energy says it has lithium-vanadium car batt that can go 375 miles on a 6-minute charge. 2 major automakers planning to adopt the tech. American Vanadium a producer. Deposit in Nevada. ENZR another comp to watch.
MIT working on flow-cell batts that could be half the weight and cost of current batts.
Over 340 comps, including some of the largest, from 38 countries have signed communique calling on world govts to limit avg global temp increase to under 2C. They want "visible progress" toward new intl treaty so they can have the clarity and certainty needed to invest to fullest potential.
POET will be producing corn oil as feedstock for 12M gallons of biodiesel/year by the end of this month. They continue to roll out the tech to new plants. They also currently produce >1.7B gal of ethanol and 10B lbs of hi-protein animal feed per year.
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