NEW YORK, Dec. 13, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global barite market size is estimated to grow by USD 353.88 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.25% during the forecast period. Increase in oil and gas drilling activities is driving market growth, with a trend towards rising use of barite in middle Eastern oil and gas industry. However, volatility in oil and gas prices poses a challenge. Key market players include Anglo Pacific Minerals Ltd., BARIT MADEN TURK A.S., Barium and Chemicals Inc., CIMBAR Performance Minerals, CSGLOBAL, Dev International, Guizhou Red Star Development Co. Ltd., IBC Ltd., Mil Spec Industries Corp., Milwhite Inc., Newpark Resources Inc., Sachtleben Minerals GmbH and Co. KG, Schlumberger Ltd., Sojitz Corp., SVA S.r.l., The Cary Co., Emprada Mines And Minerals LLC, J and H Minerals Pvt. Ltd., PVS global trade Pvt. Ltd., and Vishnu Chemicals Ltd, Ashapura Group; Demeter O&G Supplies Sdn Bhd; Excalibur Minerals Corp.; International Earth Products LLC; P & S Barite Mining Co., Ltd.; PVS Chemicals; SLB; The Andhra Pradesh Mineral Development Corporation Ltd AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Type (Powder and Lumps), End-user (Drilling mud, Chemical manufacturing, Paints and coatings, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America), Application. Region Covered APAC, North America, Europe, Middle East and Africa, and South America Key companies profiled Anglo Pacific Minerals Ltd., BARIT MADEN TURK A.S., Barium and Chemicals Inc., CIMBAR Performance Minerals, CSGLOBAL, Dev International, Guizhou Red Star Development Co. Ltd., IBC Ltd., Mil Spec Industries Corp., Milwhite Inc., Newpark Resources Inc., Sachtleben Minerals GmbH and Co. KG, Schlumberger Ltd., Sojitz Corp., SVA S.r.l., The Cary Co., Emprada Mines And Minerals LLC, J and H Minerals Pvt. Ltd., PVS global trade Pvt. Ltd., and Vishnu Chemicals Ltd, Ashapura Group; Demeter O&G Supplies Sdn Bhd; Excalibur Minerals Corp.; International Earth Products LLC; P & S Barite Mining Co., Ltd.; PVS Chemicals; SLB; The Andhra Pradesh Mineral Development Corporation Ltd The Barite mining market is experiencing significant growth due to its extensive applications in various industries. One of the major sectors driving this demand is the Plastics industry, where Barite is used as a weighting agent in the production of plastic products, especially those based on petroleum. With increasing energy demand and the expansion of the Plastics industry, the market for Barite is expected to grow. Barite is also widely used as a radiation-proof material in structures shielding against gamma rays and X-rays. In the Oil & Gas industry, Barite is used as a drilling mud additive, improving the drilling process's efficiency. As a filler in paints and coatings, Barite enhances product quality and durability. In the Industrial sector, Barite is used in rubber products, cable cars, submarines, and ballast tanks for weight and stability. The Fine chemical market, particularly the Powder segment, is another significant consumer of Barite, used in the production of Barium sulfate, a key ingredient in X-ray machines, shielding panels, CT scans, and diagnostic tests. Barite is also used as a filler agent in the Paints industry, Coatings industry, and Cement industry. With the growing demand for white paint applications, the market for Barite is expected to expand. The Mining sector, including Oil & Gas and Mining, uses Barite for various purposes, such as in oil drilling, sedimentary rock analysis, and as a substitute for Calcite, Silica sand, or Celestite. Barite's versatility and wide range of applications make it an essential mineral in numerous industries, from the Plastics industry to the Oil & Gas sector and beyond. Despite its numerous applications, the Barite mining market faces challenges such as increasing competition from Barite substitutes like Nano-silica grains and the environmental impact of mining, including the carbon footprint. However, with ongoing research and development, the market is expected to continue its growth trajectory. Barite suppliers play a crucial role in meeting the market's demand for this versatile mineral. USP Barite, with its high purity levels, is in high demand in various industries, including the Pharmaceutical industry for the production of Iodine and tablets/capsules. In summary, the Barite mining market is experiencing growth due to its extensive applications in various industries, including the Plastics industry, Oil & Gas sector, and the Industrial sector. Despite challenges, the market is expected to continue its growth trajectory, driven by increasing energy demand and the expanding applications of Barite in various industries. The Middle East, home to significant oil and gas producers like Saudi Arabia, Iran, the UAE, and Iraq, witnessed growth in the barite market in 2021. Saudi Arabia, a major exporter of oil and gas globally, saw an increase in completed projects in its oil and gas sector due to substantial investments. This boosted the country's upstream and downstream capabilities, enabling it to reap benefits from cost-effective contracts and engineering services. In 2021, Saudi Arabia's oil industry, the largest contributor to its GDP, experienced in projects, driving the demand for barite in the region. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! . The Barite mining market faces challenges from the increasing use of plastic and petroleum-based products, which have a larger carbon footprint compared to barite. However, barite's unique properties as a radiation-proof material make it essential in various industries. In the energy sector, barite is used as a weighting agent in drilling mud for oil and gas exploration. In the industrial sector, barite is used as a filler in various applications such as automotive soundproofing material, brake linings, and X-ray machines. Barite suppliers face competition from substitutes like calcite and silica sand. The fine chemical market, particularly the powder segment, is a significant consumer of barium sulfate, the primary component of barite. The paints and coatings industry uses barite as a filler agent, while the rubber industry uses it for hydrostatic pressure applications. The demand for barite in radiation shielding applications, such as shielding panels in X-ray machines and CT scans, is expected to grow due to the increasing use of diagnostic medical tests. The USP barite market is driven by the demand for iodine in the pharmaceutical industry for the production of tablets and capsules. The prices of oil and gas, the primary consumers of barite in the drilling industry, impact the barite market. Barite is also used in various applications in the cement, cosmetics, and diagnostic medical tests industries. The mining of barite involves challenges such as the extraction of barite from sedimentary rock and the transportation of heavy barite ore using cable cars, submarines, and ballast tanks. The oil & gas industry's shift towards tight oil resources and the use of nano-silica grains as barite substitutes pose additional challenges to the barite mining market. . The price of crude oil significantly impacts the financial performance of upstream oil and gas companies. According to the International Energy Agency (IEA), the average price of crude oil rose from USD8/bbl to USD81.80/bbl between 2020 and 2022, reducing its discount to the North Sea Dated to its lowest level since March 2022 at USD12.20/bbl. However, in April 2020, the benchmark price for US crude oil briefly turned negative due to the global economic recession caused by the COVID-19 pandemic and an oil market collapse. The Asian Development Bank (ADB) reports that global oil demand decreased by 25% year-over-year (y-o-y) in April 2020, primarily due to a significant decline in domestic and international transport operations. These fluctuations in oil prices and demand can significantly impact the profitability of companies in the oil and gas industry. Insights into how AI is reshaping industries and driving growth- Download a Sample Report This barite market report extensively covers market segmentation by 1.1 Powder- The global barite market is experiencing notable growth, particularly in the barite powder segment. Barite powder, derived from the mineral barite or barium sulfate (BaSO4), is commonly used as a filler in various industries such as paints, plastics, and engine compartments for sound reduction. In the construction industry, it serves as a substitute for sand, enhancing the mechanical performance of concrete. Barite powder production surpassed 7.5 million metric tons in 2022. The oil and gas industry remains a significant consumer, while improvements in its use in the construction sector contribute to market expansion. Emprada Mines and Minerals Private, based in India, is among the providers of barite powder in various grades, catering to diverse applications. The powder's unique properties, including radiation shielding capabilities and improved mechanical strengths like compressive, flexural, splitting tensile, and modulus of elasticity, make it a valuable addition to various industries. These factors underpin the positive growth trajectory of the global barite powder market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) The Barite Market is witnessing significant growth due to the increasing demand for barite in various industries, particularly in the Plastics and Petroleum-based products sectors. Barite, a mineral composed of barium sulfate, is widely used as a weighting agent in drilling mud for the oil and gas industry. In the Plastics industry, barite is used as an industrial filler in the production of plastic products, reducing their carbon footprint by improving density and reducing the need for additional raw materials. The Powder segment of the Barite Market is expected to dominate due to its wide application in various industries, including the production of radiation-proof structures for shielding against gamma rays and X-rays. The Barite Mining Market is expected to grow due to the increasing energy demand and the need for drilling mud in the oil and gas industry. Other significant applications of barite include use in the Fine Chemical Market, as a filler in rubber, and as a hydrostatic pressure agent in brake linings. The Barite market is witnessing significant growth due to its extensive applications in various industries, particularly in the production of Plastic and Petroleum-based products. Barite, a mineral composed of barium sulfate, is widely used as a weighting agent in drilling mud for Oil & Gas industry to enhance drilling efficiency. It also finds extensive usage in Radiation-proof structures as a radiation shielding material against Gamma rays and X-rays. In the Plastics industry, it acts as an industrial filler, reducing the carbon footprint by improving the density and durability of the final product. The Powder segment holds a major share in the market due to its wide applications in various industries, including the Fine chemical market, Paints and coatings, Textiles, and Rubber. Barite is also used in Hydrostatic pressure testing as a replacement for water and sand. In the Energy sector, it is used in the production of Nuclear fuel, Cable cars, Submarines, and Ballast tanks. In the Medical industry, it is used in X-ray machines, Shielding panels, CT scans, Diagnostic tests, Tablets, and Capsules. Barite is also used in the production of White paint applications, Adhesive industry, and Rubber industry. The demand for Barite is driven by the increasing Energy demand, Natural gas resources, Sedimentary rock, Lead, Zinc, Silver, and Oil prices. Barite suppliers are exploring new opportunities in Nano silica, Celestite, and Barite substitutes like Nano-silica grains to cater to the evolving market trends. 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: SOURCE Technavio MENAFN13122024003732001241ID1108991700 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. 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NEW YORK (AP) — Kaapo Kaako scored a power-play goal with 24 seconds left, and the New York Rangers stopped a five-game slide by topping the Montreal Canadiens 4-3 on Saturday. Artemi Panarin, Vincent Trocheck and Mika Zibanejad also scored for the Rangers, who got their first win since a 4-3 victory at Vancouver on Nov. 19. Adam Fox had two assists, and Jonathan Quick made 25 saves. With Montreal’s Kirby Dach serving a four-minute, high-sticking penalty, Kaako got his fourth goal of the season. The Canadiens trailed 3-1 after two periods. But Cole Caufield scored his 14th goal 4:16 into the third and Nick Suzuki tied it at 14:07. Trocheck tipped the puck past Montreal goaltender Sam Montembeault at 19:56 to put New York ahead after Panarin and Montreal’s Mike Matheson scored earlier in the first. Panarin put the Rangers ahead at 9:02, scoring on a 5-on-3 for New York’s first power-play goal since Nov. 12 at home against Winnipeg. Matheson tied it at 11:47. Montembault made 24 saves for Montreal. Takeaways Canadiens: dropped to 3-7-1 on the road. Rangers: Forwards Chris Kreider and Filip Chytil returned to the lineup. Kreider missed three games with an upper-body injury while Chytil was out for seven after colliding with teammate K’Andre Miller on Nov. 14. Reilly Smith and Jonny Brodzinski were scratched. Key moment Seeking an early spark, New York captain Jacob Trouba fought Montreal’s Josh Anderson 1:58 into the contest. It appeared to give the Rangers a collective jolt that was missing in recent games. Key stat The Rangers are 11-1-0 when scoring first. It was the 1,700th home win in franchise history. Up next The Canadiens visit the Boston Bruins on Sunday. The Rangers host the New Jersey Devils on Monday. ___ AP NHL: https://apnews.com/hub/NHL Allan Kreda, The Associated PressKansas Republicans plot Hansjörg Wyss-inspired ban on foreign funding

One of Baltimore’s most prominent families was thrust into the spotlight this week, when a son of the clan, Luigi Mangione , was arrested by Pennsylvania police and charged in the Dec. 4 fatal shooting of UnitedHealthcare CEO Brian Thompson . Locally active in philanthropy, both via individual donations and through the Mangione Family Foundation, the Mangiones gave millions to Baltimore’s various institutions and nonprofits, including more than $1 million to the Greater Baltimore Medical Center and more to the American Citizens for Italian Matters, Baltimore Opera Company and others. Loyola University, which counts Mangione alumni among their ranks, has an aquatic center named after the family, and GBMC previously had a high-risk obstetrics unit, since closed, that bore their name. Their story is a uniquely American one: The Mangiones went from deep poverty to massive wealth in just three generations, with one cousin, Nino Mangione, now a Republican member of the Maryland House of Delegates. Despite an eventually deep portfolio of development properties and government contracting for 20 years, the family patriarch, Nicholas Mangione Sr. , said he still faced prejudice for his background when he attempted to buy land to build the Turf Valley Golf and Country Club, now the Turf Valley Resort, in Ellicott City. “Tongues started wagging,” Mangione told The Baltimore Sun in 1995. “People [were] wondering where an unknown Italian could get the money for a $5 million project. In those days, there were no Italians in real visible positions [in Howard County].” Mangione said the implication was that he must have backing from the mob, so he countered sharply. “People thought I needed money from the Mafia to buy this place. They asked me what family I belonged to,” he said. “I told them, ‘I belong to the Mangione family. The Mangione family of Baltimore County.’” The family is now defending its name again. On Monday, members released a statement on social media expressing dismay at Luigi Mangione’s arrest, saying they were stunned by the news. “We only know what we have read in the media. Our family is shocked and devastated by Luigi’s arrest. We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved,” the family wrote . “We are devastated by this news.” The family did not respond to a request for comment via a family attorney or their foundation. How they went from the Depression-era streets of the city’s Little Italy to its philanthropic elite is straight out of a Horatio Alger novel. Nicholas Sr. was born in Baltimore’s Little Italy, and spent his first eight years in a one-room apartment with an outdoor privy, according to a 2008 Sun article. He earlier told The Sun his Italian immigrant father, Louis, could neither read nor write, and worked in the city water department until he died of pneumonia. Today, the Mangione family is a sprawling one, with a business empire to match: Nicholas Sr., made the beginning of the family’s fortunes in the post-World War II years as a bricklayer and contractor . He built up his business holdings throughout the following decades, with his wife, Mary , growing their family to include five sons, five daughters, and 37 grandchildren, including Luigi. The family’s holdings range from construction to commercial real estate to local radio station WCBM-AM and a majority stake in Lorien Health Services, which operates multiple assisted living facilities in Maryland. Aside from the Turf Valley Resort, with its 10,000-square-foot ballroom, 220-room hotel, and 85-seat amphitheater, the Mangiones also own the Hayfields Country Club in Cockeysville and a slew of companies registered in Maryland . Its family foundation had net assets of $4.4M as of its 2022 tax filing , the most recent on record. The Mangione Family Foundation’s stated focus is supporting, “Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.” Politically, the Mangiones have been active across the aisle. Luigi Mangione’s parents, Louis and Kathleen Mangione donated $35,935 to state and local politicians from 2005 through 2023, according to data from the State Board of Elections. Half went to Nino Mangione ’s campaign account for his state delegate races from 2018 through 2023. Other donations went to Howard County executives Calvin Ball and Ken Ulman, both Democrats, and Allan Kittleman, a Republican, along with additional high-profile candidates of both parties, including former Govs. Martin O’Malley and Robert L. Ehrlich, and former Baltimore Mayor Sheila Dixon. The immense number of Mangiones also was briefly confusing for Baltimoreans on Monday. Aside from Nicholas Sr. and Mary Mangione’s 10 children and 37 grandchildren, city counts at least two other Mangione families, who were briefly inundated with phone calls from the media and queries from former schoolmates and acquaintances. One of Luigi Mangione’s two sisters is a physician at the University of Texas Southwestern, according to her LinkedIn profile. Another sister is a visual artist. Neither sister responded to requests for comment. His mother, Kathleen, comes from a family that owns a funeral home, the Charles S. Zannino Funeral Home in Highlandtown, the Baltimore Fishbowl reported , and now runs a travel agency, KZM Boutique Travel, which had removed its website as of Tuesday evening. His father, Louis was groomed to help take over the family’s business empire, according to a 2003 Washington Post article . Have a news tip? Contact Riley Gutierrez McDermid at rmcdermid@baltsun.com or Frank Gluck at fgluck@baltsun.com.Oroville school shooting: Gunman dead and two children hospitalized in California

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KUALA LUMPUR, Malaysia, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Graphjet Technology (“Graphjet” or “the Company”) (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, today announced that management will host a webcast and conference call to provide a business update at 9 AM ET on Thursday, December 12, 2024. A live webcast of the call will be available by clicking here . Please log in approximately 5-10 minutes prior to the scheduled start time. Participants may also access the call by dialing (877) 407-9208 for domestic callers or (201) 493-6784 for international callers. A replay of the call will be available for two weeks by dialing (844) 512-2921 for domestic callers or (412) 317-6671 for international callers and using Conference ID: 13750405. The archived webcast will be available in the Investor Relations section of the Company’s website. About Graphjet Technology Sdn. Bhd. Graphjet Technology Sdn. Bhd. (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world’s first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet’s sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit https://www.graphjettech.com/ . Graphjet Technology Contacts Investors GraphjetIR@icrinc.com Media GraphjetPR@icrinc.comNAIROBI, Kenya, Nov 30 – President William Ruto has assumed the chairmanship of the East African Community (EAC), succeeding South Sudan’s President Salva Kiir, whose one-year term has concluded. Hailing Kiir’s leadership as “exemplary” and “visionary,” Ruto commended the strides made under his predecessor’s stewardship. “Under his steady stewardship, the EAC has made remarkable progress in deepening integration and achieving milestones that define our shared aspirations,” Ruto said. Ruto steps into the role as the eight-member economic bloc intensifies efforts toward establishing a Political Confederation. Speaking at the 24th Ordinary Summit of EAC Heads of State during a high-level event marking EAC@25 in Arusha on Friday, Ruto reaffirmed Kenya’s commitment to regional leadership. “The ambition of an EAC Political Confederation is an extraordinary journey toward deeper integration,” he stated, acknowledging challenges while emphasizing the immense benefits of unity. Outlining his vision for the bloc, Ruto pledged to focus on improving the quality of life for East Africans. He highlighted priorities including increasing competitiveness, promoting value-added production, boosting intra-regional trade, and driving investments. “These pillars are essential for transforming economies, creating jobs, and ensuring sustainable development across the region,” he said. Acknowledging trade as a key driver of economic growth, Ruto urged the EAC to address internal trade barriers. “We must eliminate non-tariff barriers, enhance infrastructure connectivity, and foster regulatory harmonisation to create a seamless trading environment,” he added. Outgoing Chairperson Kiir expressed pride in his achievements, noting that the bloc continues to grow stronger. He urged a continued focus on regional peace and security, strengthening intra-EAC trade, and accelerating digital transformation. “The Community is growing stronger,” Kiir said, underscoring the importance of these initiatives for the region’s future.