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Interest grows for low-carbon aluminium in East Asia, but willingness to pay premium mixed
The rising interest for low-carbon primary aluminium within East Asia is clear, although its ability to command a premium remains uncertain, according to market participants
March 4, 2024
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By Chay Chye Leng
Insights
EV battery lifespans: Unlocking the secrets to battery lifetimes and battery recycling
Fastmarkets examines the lifespan of electric vehicle (EV) batteries and offers insights into recycling timelines and environmental implications
March 1, 2024
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By André Cortesão
Insights
Niron Magnetics gets $25 million to develop rare earth-free magnet
Niron said it is developing iron nitride magnets, which do not contain any rare earth elements. It was founded in 2014 and originated from the University of Minnesota. Niron plans to use the funds to expand its US production facilities in Minneapolis and aims to start producing 1,000 kg per year of iron nitride magnets […]
February 23, 2024
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By Sofia Okun, Caroline Messecar
Insights
Auto industry’s green steel awareness varies, according to CALSTART
Despite auto manufacturers' clear demand and willingness to pay a premium for green steel, understanding of the product varies widely in the industry, with larger OEMs like Ford, General Motors, and Volvo actively competing for its limited supply
February 19, 2024
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By Alesha Alkaff
Insights
US IRA scheme spurs activity on multiple fronts in graphite anode sector
Graphite companies Nouveau Monde Graphite, Novonix and Westwater have all announced offtake agreements in a developing US anode supply chain to comply with that country’s generous subsidy scheme under the Inflation Reduction Act and to ease the current dependence on China for material, Fastmarkets heard on Thursday February 15
February 16, 2024
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By the Fastmarkets team, Dalila Ouerghi, Jon Stibbs
Insights
Auto manufacturers, miners join forces over US mining tax incentive | Hotter Commodities
A group of major automotive manufacturers including Tesla and General Motors sent a joint letter with mining companies and electric vehicle (EV) battery companies on Monday February 5 urging the Biden administration to allow a 10% tax credit to apply to both mineral extraction and mineral processing in the US
February 12, 2024
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By Andrea Hotter
Insights
What’s in store for EV demand in 2024 and beyond?
Phoebe O'Hara, battery raw material analyst at Fastmarkets, shares her analysis on electric vehicle (EV) demand in 2023 and some insights for 2024 and beyond
February 6, 2024
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By Phoebe O'Hara
Insights
Navigating raw material risks: Challenges and opportunities in the automotive industry
Automotive companies operate in a highly competitive and volatile industry susceptible to fluctuating input costs. These costs, including raw materials, can significantly impact automotive manufacturers’ profitability and cash flow. There are several tools that an automotive procurement manager or risk manager can use to determine the extent of the risk embedded in production costs. This […]
February 1, 2024
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By David Becker
Insights
Graphite anode supply chain localization proceeding but challenges remain
Supply chain localization of the graphite industry is a trend that is expected to continue in 2024 amid ongoing geopolitical tensions and excess capacity in Mainland China, the major holder of the global anode supply. Challenges remain, however, sources told Fastmarkets
January 29, 2024
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By Sybil Pan, Jon Stibbs
Insights
Samsung SDI stake in Canada Nickel highlights EV materials focus
South Korean battery maker Samsung SDI’s recent investment in Canada Nickel, despite falling nickel prices, is the latest example of companies forming long-term partnerships to secure electric vehicle supply chain production that qualifies for tax credits under the US Inflation Reduction Act (IRA)
January 24, 2024
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By Leticia Simionato
Insights
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