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Indonesia to account for more than 70% of global nickel supply in next five years: LME Week
Indonesia is to increase its dominance in global nickel supply within the next five years, amid an ongoing growth in capacity in the country
October 17, 2023
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By Laura Roberts
Insights
China’s September EV market soars on government subsidies; BRM mixed
China’s electric vehicle (EVs) sector received a boost from government subsidies, with output and sales rising considerably year on year in September, according to the China Association of Automobile Manufacturers (CAAM) on Wednesday October 11
October 17, 2023
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By the Fastmarkets team, Carrie Shi, Sybil Pan, Zihao Li, Yiwen Ju
Insights
Glencore-Li-Cycle recycling facility likely to proceed despite regulatory pushback, sources say
Plans for a major battery metals recycling hub run by Glencore and Li-Cycle in Italy are likely to go ahead despite recent pushback from local authorities, sources told Fastmarkets this week
October 17, 2023
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By Lee Allen
Insights
India establishes royalties for lithium as country pushes for energy transition goals
The Indian government has established royalty rates for the mining of lithium, rare earths and niobium, it announced on Wednesday October 11
October 17, 2023
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By Dalila Ouerghi
Insights
Share of Russian, Chinese nickel in LME warehouses grows amid weaker demand
Nickel metal produced in China has appeared in the London Metal Exchange warehouse system for the first time since the exchange began reporting its country-of-origin data in January 2023
October 16, 2023
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By Callum Perry
Insights
Brazil starts to tap its rare earth reserves
A rare earth mining project nearing completion in the midwestern state of Goiás has the potential to kickstart the development of a rare earth industry in Brazil, market participants said
October 16, 2023
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By the Fastmarkets team, Renato Rostás, Caroline Messecar
Insights
Higher black mass offers emerge in Asia; buying remains constrained
A slight rise in offers for black mass payables were heard in South Korea this week, but a wide bid-offer gap persisted in the market, according to sources
October 16, 2023
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By Lee Allen
Insights
China’s lithium carbonate price rebounds amid futures strength
China’s spot lithium carbonate prices rebounded in the week to Thursday October 12 due to support from a surge in the lithium carbonate futures contract on Guangzhou Futures Exchange (GFEX), the first gain since the end of August, sources said
October 13, 2023
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By Dalila Ouerghi, the Fastmarkets team, Zihao Li
Insights
Asian black mass payables hold firm despite limited trading in holiday week
Holidays in key Asian black mass trading centers such as China and South Korea have limited purchasing over the last week but suppliers are holding their offers at firm levels, sources told Fastmarkets
October 10, 2023
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By Lee Allen
Insights
Additional EV investments will support black mass, critical materials and battery manufacturing
There is a lot of additional activity in the United States when it comes to electric vehicle (EV) production and this will be supportive of black mass recycling, critical material production and active battery manufacturing that is needed to support the EV industry
October 6, 2023
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Insights
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