Combined nature-based and durable carbon dioxide removal (CDR) offtakes totaled at least 61.5 million tonnes of carbon dioxide equivalent (tCO2e) in the first half of 2025, according to data compiled by Fastmarkets, with technology giants continuing to drive the bulk of demand.

Global aluminium producer Alcoa has already diverted 100,000 tonnes of Canadian metal away from the US market in response to uncertainty about import tariffs with trade measures continuing to upend traditional trade flows and pushing the company to rethink its global supply strategy, its chief executive officer said.

Despite falling prices, three Brazilian lithium plants – owned by Sigma Lithium, Companhia Brasileira de Lítio (CBL) and AMG Lithium – are seeking to expand their operations in the coming years, in order to become more competitive in the global market, Fastmarkets heard during the “Lithium Business Brazil” event held July 8-10 in the state of Minas Gerais.

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

The Voluntary Carbon Markets Integrity Initiative (VCMI) is already seeing wide-scale support for its recently launched Claims Code of Practice, VCMI technical director, markets and standards, Ana Carolina Avzaradel Szklo told Fastmarkets in an exclusive interview.

Article 6 is open for business in the compliance and voluntary carbon markets, but delays, obstructions and confusion remain, the audience heard during a panel discussion on June 11 at the Innovate4Climate conference in Seville, Spain.

Charcoal-based pig iron can potentially support decarbonization strategies in the EU, despite not being widely used in the region, delegates were told at Fastmarkets' International Iron Ore & Green Steel Summit, held June 17-19 in Barcelona.

Fastmarkets is proud to announce the launch of a groundbreaking suite of 12 BeZero ratings-based carbon price assessments.

May's carbon markets spotlight features Microsoft's groundbreaking 18 million ARR credit agreement with Rubicon Carbon and the Symbiosis Coalition's $1 billion RFP progress, driving innovation in long-term carbon removal solutions.

Everything you need to know about how voluntary carbon markets are shaping climate action