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Battery supply-chain development in Western countries faces short-term headwinds: Albemarle
A number of hurdles are still hindering the development of a Western battery supply chain, despite support from the US Inflation Reduction Act (IRA), according to Kevin Chan, US-based spodumene and lithium producer Albemarle’s vice president of the Asia Pacific region
April 22, 2024
·
By Zihao Li
Insights
What we learned from day one of the Alkeemia Battery Forum
The EU's Critical Raw Materials Act (CRMA) and supply chain localization were hot topics of discussion for presenters at the Alkeemia Battery Forum, which runs April 10-12 in Venice, Italy
April 12, 2024
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By Alexander Cook
Insights
E-Vac’s South Carolina rare earth magnet factory to get $112 mln IRA-funded tax credit
E-Vac Magnetics has been awarded $111.9 million in US tax credits to advance the construction of its first US rare earth magnet manufacturing facility in Sumter, South Carolina, it announced on Tuesday April 9
April 10, 2024
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By Solomon Cefai
Insights
TSMC Arizona to receive $6.6 billion funding under CHIPS for three semiconductor fabs
The United States Department of Commerce and TSMC Arizona, a subsidiary of the Taiwan Semiconductor Manufacturing Company Limited (TSMC), have signed a non-binding preliminary memorandum of terms (PMT) for direct funding under the CHIPS and Science Act, Commerce announced on Monday April 8
April 9, 2024
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By Yasemin Esmen
Insights
China’s manufacturing sector tipped to lead steel demand, overtaking sluggish construction sector
China’s manufacturing sector is overtaking its construction sector in driving the country’s demand for steel, in a shift that is expected to benefit flat steel products more than long steel ones, an industry expert said at a recent industry conference.
April 5, 2024
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By Zihuan Pan
Insights
Chile lays out lithium policy details | Hotter Commodities
Chile’s government has laid out its plan to significantly boost the country’s lithium production, opening up 26 lithium salt flats for private investment and naming the Atacama and Maricunga salt flats as strategic to the state.
March 28, 2024
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By Andrea Hotter
Insights
China’s manufacturing sector tipped to lead steel demand, overtaking sluggish construction sector
China’s manufacturing sector is overtaking its construction sector in driving the country’s demand for steel, in a shift that is expected to benefit flat steel products more than long steel ones, an industry expert said at an industry conference on Friday March 22
March 26, 2024
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By Zihuan Pan
Insights
US aluminium, copper industries to receive $900 mln from Energy Department program to cut emissions
The US Department of Energy selected five base metals projects to receive more than $900 million in federal investment from its Industrial Demonstration Program (IDP), leading to a reduction of four million tonnes of carbon dioxide emissions annually, according to a statement by the Department on Monday March 25
March 26, 2024
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By Yasemin Esmen
Insights
Should India ‘heavily subsidize’ metals firms to insulate from Western trade barriers?
Western governments are increasingly implementing policies to protect their local metal-producing industries from rival products made in the developing world, but how should eastern lawmakers and companies respond to these moves?
March 22, 2024
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By the Fastmarkets team, Lee Allen, Aameer Sayed
Insights
Mercedes-Benz inks green steel supply deal with Nucor
Mercedes-Benz has signed its second deal with a major US steel producer to supply greener steel in hopes of reaching decarbonization goals by the year 2039, the German automaker announced on Wednesday March 20
March 20, 2024
·
By Mark Burgess
Insights
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