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Biden hikes tariffs on Chinese imports; steel, aluminium, electric vehicles among sectors targeted
US President Joe Biden will increase tariffs on Chinese imports including steel and aluminium, electric vehicles, semiconductors and advanced batteries, to counteract China’s “unfair” trading practices, he announced on Tuesday May 14
May 17, 2024
·
By Alesha Alkaff
Insights
Launch of germanium dioxide, in-whs China, yuan/kg price assessment
Fastmarkets launched a new price assessment for MB-GER-0006 germanium dioxide, in-whs China, on Friday May 10.
May 16, 2024
·
By Solomon Cefai, Nico Zhang
Insights
Canacero denies risk of steel shortage due to Mexican steel import tariffs increase
Mexico's recent increase in steel import tariffs to 25-35% won't cause shortages in the supply chain, with the market expected to be fed by imports from partner countries and growing local capacity, Mexican steel association Canacero told Fastmarkets on Wednesday May 15
May 16, 2024
·
By Gabriela Brumatti
Insights
What the BHP-Anglo American bidding battle tells us about copper
Anglo American's rejection of takeover bids by BHP has put copper firmly under the spotlight, but what challenges lie ahead for the red metal as the corporate tussle continues?
May 16, 2024
·
By James McKeigue
Insights
US mills not yet capturing green steel premiums seen in Europe and Asia
Collecting a premium for green flat-rolled steel in the US will be a long, bottom-up process for an industry already regarded as one of the world’s cleanest, market sources recently told Fastmarkets
May 16, 2024
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By Daniel Hilliard
Insights
Copper fabricators reeling from higher copper prices, some request copper cathode shipment postponement
Copper fabricators in China and the wider Southeast Asian region continue to feel the pain of high copper prices on futures exchanges and a lack of new orderbooks, with some having already asked for a postponing of shipments of long-term copper cathodes, sources told Fastmarkets in the week to Wednesday May 15
May 15, 2024
·
By Sally Zhang
Insights
Graphite remains on European Commission’s CRMA strategic list but ‘resilient’ supply chain still needed
This legislation emphasizes the crucial role of graphite in electrification efforts and highlights the ongoing significance of both natural and synthetic graphite in the EU's green transition journey
May 14, 2024
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By Dalila Ouerghi
Insights
Automotive industry experts split over role of e-fuels
The viability of e-fuels as an alternative to electric power is debated due to their high cost and unclear role in decarbonization efforts
May 13, 2024
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By Dalila Ouerghi
Insights
Record-low copper TC/RCs push miners to agree very-long term deals
Recent weeks have seen a significant number of miners agreeing sales of copper concentrate to traders for one to four years of supply, Fastmarkets has learned
May 13, 2024
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By Albert MacKenzie, Sally Zhang
Insights
Market faces ‘unsustainable’ double negative with copper concentrates, cathode cif Shanghai both trading at record lows
The copper market is facing a historical moment with Chinese smelters now paying premiums for raw material copper concentrate while selling their finished product at a discount, but participants point to easing concentrate demand in the second quarter as supportive for the market
May 13, 2024
·
By Sally Zhang
Insights
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