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Major Indian steel conglomerates to raise scrap intake amid decarbonization push
The push toward decarbonization will dramatically increase the demand for ferrous scrap materials among major Indian steel producers in the coming years, Zain Nathani, vice president of the Material Recycling Association of India (MRAI), has said in a Fastmarkets webinar
May 30, 2024
·
By Lee Allen, Aameer Sayed
Insights
Graphite buyers are willing to pay IRA premium
Electric vehicle (EV) battery makers and original equipment manufacturers (OEMs) are willing to pay a premium for Inflation Reduction Act-compliant material, according to a top executive at US-based natural graphite producer and processor Westwater Resources Inc
May 29, 2024
·
By Grace Asenov
Insights
Base metals futures climb and spot trading hampered
The base metals complex has been on a climb on futures exchanges globally but the surge is not reflected in physical markets, with buyers generally staying out of the market due to elevated prices, sources told Fastmarkets
May 29, 2024
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By the Fastmarkets team, Dylan Duan, Sally Zhang, Yiwen Ju, Shiyue Zhao, Ruby Liu
Insights
South Korea building national lithium reserves
The South Korea government has started to build up a national stockpile of lithium reserves through the state-owned Korea Mine Rehabilitation & Mineral Resources Corp (KOMIR), Fastmarkets was told on Tuesday May 21
May 22, 2024
·
By Zihao Li
Insights
Rising futures prices drive Chinese battery makers to increase nickel output amid EV slowdown
A host of Chinese battery manufacturers have been increasing their production of electrolytic nickel to reap gains from strong futures prices because the growth in downstream demand for electric vehicles (EVs) is slowing, Fastmarkets heard on Tuesday May 21
May 22, 2024
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By Yiwen Ju
Insights
US looks to decarbonize aluminium industry, spurred by policy and demand
A surge in recycling capacity in the US aluminium industry is coming in the next few years while for now it continues to meet most of its primary aluminium needs from Canada.
May 22, 2024
·
By Yasemin Esmen
Insights
Biden hikes tariffs on Chinese imports; steel, aluminium, electric vehicles among sectors targeted
US President Joe Biden will increase tariffs on Chinese imports including steel and aluminium, electric vehicles, semiconductors and advanced batteries, to counteract China’s “unfair” trading practices, he announced on Tuesday May 14
May 17, 2024
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By Alesha Alkaff
Insights
Standard Lithium enters partnership agreement with energy multinational Equinor
Standard Lithium announced on Wednesday May 8 that it was forming a partnership with the multinational energy company Equinor to accelerate the development of its South West Arkansas and East Texas lithium brine projects in the United States
May 14, 2024
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By Yasemin Esmen
Insights
Chinese lithium carbonate prices up amid futures volatility
Spot lithium carbonate prices in China edged up over the week ended Thursday May 9 amid volatility in the futures market and weak demand after the country’s Labor Day holiday from May 1-5, sources told Fastmarkets
May 10, 2024
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By Dalila Ouerghi, Zihao Li
Insights
US delays ban on Chinese graphite in batteries while ex-China suppliers scrabble to source critical minerals
The US Treasury Department will give automakers a two-year extension to 2027 on restrictions to some hard-to-trace minerals from China, such as graphite contained in anodes, it said in an announcement on Friday May 3
May 8, 2024
·
By Sybil Pan
Insights
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