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China EV sales overtake traditional autos for first time ever; Southeast Asia continues to push EV developments
Sales of new energy vehicles (NEVs) in China overtook more conventional auto sales for the first time ever in July, accounting for more than half of all units sold during the month, according to the latest data from the China Association of Automobile Manufacturers (CAAM)
August 14, 2024
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By Nina Hu
Insights
SAF procurement: Challenges in budgeting and the importance of understanding feedstock cost
Fastmarkets senior analyst and forecaster, Tore Alden, answers six key questions on the challenges faced by the sustainable aviation fuel industry
August 14, 2024
·
Insights
Slowing global demand for EVs hits South Korean battery producer revenues
Slowing global demand for electric vehicles (EVs) seriously dented the second-quarter revenues of South Korea's key battery producers, sources told Fastmarkets on Friday August 9
August 12, 2024
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By Zihao Li
Insights
Tin demand poised for long-term boom despite easing prices
Supply headwinds in the tin market so far in 2024 and the recent sell-off in the futures market show that demand is recovering more slowly than anticipated because of the poor macro-economic climate, but in the long-term, market participants still expect demand to grow due to the energy transition
August 12, 2024
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By Yiwen Ju
Insights
Pressure for trade defense takes away spotlight from steel decarbonization at Brazilian Steel Conference
The Brazilian steel industry called for trade defense measures and integrated action in Latin America to try to contain the advancement of Chinese-origin material before moving on to more complex projects such as decarbonization, key industry market participants said at the 2024 Brazilian Steel Conference
August 9, 2024
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By Gabriela Brumatti, Ana Enis
Insights
BP heralds scaling back of biofuel projects as Q2 profits hit $2.76 billion
The international oil major BP has unveiled a $2.76 billion profit across its energy portfolio in the second quarter of 2024, a 6.4% increase on the corresponding period of 2023 and 1.2% higher than its first-quarter profits
August 2, 2024
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By Timothy Worledge
Insights
Graphite One partners with Lucid Motors for US domestic advanced graphite supply chain
Alaska-based Graphite One announced on Monday July 29 that it has entered into a non-binding supply agreement with California-headquartered EV maker Lucid Motors to advance its Graphite One Project mission of planning a complete US domestic supply chain for advanced graphite materials
August 1, 2024
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By Rae Boyadjis
Insights
Supply surge pushes Chinese cobalt metal prices to eight-year low
Chinese cobalt metal prices plummeted on Friday July 26 to the lowest level since July 2016, which market participants attributed to a surge in production and weak downstream demand
July 30, 2024
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By Angeline Shi
Insights
Lithium prices in China, CJK extend weakness amid ongoing weak fundamentals
China’s lithium prices continued to trend downward amid weak demand and futures weakness over the week to Thursday July 25
July 26, 2024
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By Zihao Li
Insights
Steel industry will be main consumer of imported hydrogen, Germany’s strategy says
Germany’s steel industry will be one of the country’s main consumers of imported hydrogen in the next two decades, according to the hydrogen import strategy approved by the country’s Federal Cabinet on Wednesday July 24
July 25, 2024
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By Julia Bolotova, Darina Kahramanova
Insights
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