downstream

Then one night a thunderstorm swept it and the beavers downstream.

Microsoft and other large technology companies have lifted their capital-expenditure expectations, and investors are looking for opportunities downstream of those dollars.

The deal is set to hand Gunvor an extensive portfolio of upstream and downstream assets, including major projects in Egypt, Azerbaijan and Uzbekistan.

The deal will give Compass a lot of leverage, and could have downstream effects in terms of catalyzing additional consolidation as other brokerages aim to grow their share inorganically.

But Fernandes de Sa said this was mostly extraction, and none of these companies were developing more sophisticated downstream operations in Brazil, such as mineral separation or magnet manufacturing.