UK-based transport fuels supplier Greenergy announced on Thursday July 10 that it will begin the consultation process to cease production at its biodiesel plant in Immingham, in the northeast of the country, in the latest blow to the UK’s renewable fuel sector.

The global copper market has finally received the widely anticipated news that imports to the US will be tariffed from August 1. The finer details of the tariffs, including their scope, and whether key copper-exporting nations like Chile, Canada and Peru will be exempt, remain unclear.

LME copper prices took a significant hit following US President Donald Trump’s announcement of a potential 50% tariff on copper imports. The uncertainty surrounding the timeline and implementation of the tariff has left market participants hesitant, with analysts noting its immediate impact on price momentum and trading activity.

Understand how recent tariff decisions are affecting the European pulp and paper industry and trade with the US market.

Key talking points from the 75th anniversary event of European steel distributors’ association Eurometal, held July 2-3 in Luxembourg and attended by Fastmarkets.

Vegoils futures traded broadly in positive territory on Wednesday July 1. In Asia, crude palm oil (CPO) futures rose steadily on higher related vegoils, while soyoil futures rallied on the Chicago Mercantile Exchange amid a drop in US stocks and as US biofuels developments were in focus.