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US and EU policies spark battery materials and EV market volatility
The EU and US have recently introduced four key policies and laws to support local economies, secure battery material supply chains and accelerate the move towards a new generation of energy markets
January 10, 2023
·
By the Fastmarkets team, Iveta Zagorova
Insights
Cobalt ends year on volatile note; some long-term negotiations drag on: 2023 preview
Volatility was one of the main themes for cobalt prices in 2022 and market participants will take a wait-and-see approach toward long-term supply contracts in the coming year
January 6, 2023
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By the Fastmarkets team, Justin Yang, Alexander Cook
Insights
Piedmont Lithium moves to floating price deal with Tesla
US-based junior miner Piedmont Lithium has updated its supply agreement with electric vehicles (EV) maker Tesla to a floating price mechanism instead of the previous fixed-price contract, it said on Tuesday January 3
January 5, 2023
·
By Dalila Ouerghi
Insights
China’s removal of cobalt tariff from 2023 unlikely to affect market amid thin domestic demand
China has decided to remove its import tariff on cobalt metal (Harmonized System code 81052020), a move which is not expected to largely impact the domestic market due to weak demand for the metal, sources told Fastmarkets
January 5, 2023
·
By Zihao Li
Insights
US dives into lithium battery recycling: 2023 preview
An intense interest in lithium battery recycling in the US has grown in the past few years, driven by concerns over supply chains, national security, the environment and a growing interest in electric vehicles (EVs)
January 4, 2023
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By Yasemin Esmen
Insights
Nickel metal still has key role to play in 2023 battery grade market: 2023 preview
With global lithium-ion battery production forecast to grow significantly in the coming years, market participants in the global nickel industry are working on the most efficient way to produce nickel sulfate for lithium-ion battery cathodes
December 23, 2022
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By Callum Perry
Insights
Weak Chinese lithium market depresses Pilbara Minerals’ latest spodumene auction
Australian lithium miner Pilbara Minerals’ latest spodumene concentrate auction held via the company’s Battery Material Exchange (BMX) platform on Wednesday December 14 resulted in a lower top bid than the high bid at its previous auction
December 16, 2022
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By Zihao Li
Insights
ERG, Gécamines restart copper-cobalt producer Boss Mining at time of market weakness
Eurasian Resources Group (ERG) and joint-venture partner La Générale des Carrières et des Mines (Gécamines) will reinstate copper-cobalt producer Boss Mining in the Democratic Republic of Congo
December 13, 2022
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By Justin Yang
Insights
Manganese ore prices nudge up despite high inventories
Seaborne manganese ore prices in China ticked upward in the week to Friday December 2 but doubt remained whether this was an indication of an upward trend or just a short-term shift
December 9, 2022
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By the Fastmarkets team, Jon Stibbs, Sybil Pan
Insights
Cobalt futures hedging: Deriving sentiment from the Commitment of Traders report
The Commodity Futures Trading Commission starts reporting cobalt futures position information
December 8, 2022
·
By David Becker
Insights
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