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Canada’s weekly grain and oilseed exports drop by 38%, led by declines in wheat and canola
Canada's grain and oilseed exports fell 38%, with significant declines in wheat and canola, despite strong soybean exports, according to the Canadian Grain Commission
October 29, 2024
·
By Yana Sukharska
Insights
Eramet regains full ownership of Centenario lithium project in Argentina
Paris-headquartered minerals firm Eramet announced the buy-back of Tsingshan Holding Group’s 49.9% stake in Eramine Sudamerica on Thursday October 24, effectively regaining full ownership of the Centenario lithium project in Argentina.
October 29, 2024
·
By Callum Perry, Ewan Thomson, the Fastmarkets team
Insights
Top cobalt producer, CMOC, smashes through 2024 guidance with three months to go
The world’s largest cobalt producer has cemented its place at the top with the release of a third-quarter financial report highlighting the company has smashed through its full-year production guidance with three months to go.
October 29, 2024
·
By Alexander Cook
Insights
Neste pulls back on green hydrogen project at Porvoo refinery
Neste has canceled its 120 MW electrolyzer project at the Porvoo refinery due to economic and regulatory challenges, reflecting a broader trend of energy companies scaling back renewable fuel investments.
October 29, 2024
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By Misha Simonovska
Insights
Proposal to amend aluminium low-carbon differential P1020A, Europe
Fastmarkets proposes to amend the timing window of its MB-AL-0381 aluminium low-carbon differential P1020A, Europe from up to three months to up to 18 months.
October 29, 2024
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By Imogen Dudman
Insights
Launch of China domestic green ferro-chrome prices: pricing notice
The prices reflect the rising demand among market participants for green ferro-chrome prices from the Chinese market, amid the continuous push by the country, which is the world’s largest ferro-chrome producer, to drive green production of the materials in line with decarbonization goals. Fastmarkets’ green ferroalloy domestic, ferro-chrome differential, will be assessed every week against […]
October 29, 2024
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By Tina Tong
Insights
CME spodumene futures contract sees trading activity on launch day
The Chicago Mercantile Exchange’s cash-settled spodumene concentrate futures contract was traded for the first time on Monday October 28, the day the contract launched.
October 28, 2024
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By Callum Perry, Zihao Li, the Fastmarkets team
Insights
US Treasury’s finalized Section 45X a big win for secure supply chains, aluminium manufacturing: sources
On Thursday October 24, the US Department of Treasury and the Internal Revenue Service (IRS) released the final rules regarding the Section 45X credits under the US Internal Revenues Code. The final rules clarify definitions and confirm credit amounts for eligible components, including solar and wind energy, inverters, qualifying battery components and applicable critical minerals. […]
October 28, 2024
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By Yasemin Esmen
Insights
New stimulus measures could boost Chinese lumber demand
In late September, the People’s Bank of China (PBOC) announced a cut in the existing mortgage rate by an average of 50 basis points.
October 25, 2024
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By Peter Malliris
Insights
GEMCO’s manganese ore suspension: a volatile market driven by weak Chinese steel demand, panic buying
Prices for seaborne high-grade manganese ore have plunged in October 2024, with producers announcing cuts to production and exports amid poor levels of purchasing in China But the most recent price drop was merely the latest dramatic move in a period of increased volatility, following the suspension of operations at South32’s Groote Eylandt Mining Co […]
October 25, 2024
·
By Tina Tong, Holly Chant
Insights
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