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Eramet regains full ownership of Centenario lithium project in Argentina
Paris-headquartered minerals firm Eramet announced the buy-back of Tsingshan Holding Group’s 49.9% stake in Eramine Sudamerica on Thursday October 24, effectively regaining full ownership of the Centenario lithium project in Argentina.
October 29, 2024
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By Callum Perry, Ewan Thomson, the Fastmarkets team
Insights
Neste pulls back on green hydrogen project at Porvoo refinery
Neste has canceled its 120 MW electrolyzer project at the Porvoo refinery due to economic and regulatory challenges, reflecting a broader trend of energy companies scaling back renewable fuel investments.
October 29, 2024
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By Misha Simonovska
Insights
Fastmarkets launches Chinese green ferro-alloys prices to cover whole clean steel supply chain
China’s ferro-alloy industry continues to track toward sustainable development, focusing on decarbonization as a foundation and utilizing renewable energy and advanced technologies to reduce electricity consumption, waste gas and slag.
October 29, 2024
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By Tina Tong, Paul Lim, Jessica Long, the Fastmarkets team
Insights
Proposal to amend aluminium low-carbon differential P1020A, Europe
Fastmarkets proposes to amend the timing window of its MB-AL-0381 aluminium low-carbon differential P1020A, Europe from up to three months to up to 18 months.
October 29, 2024
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By Imogen Dudman
Insights
CME spodumene futures contract sees trading activity on launch day
The Chicago Mercantile Exchange’s cash-settled spodumene concentrate futures contract was traded for the first time on Monday October 28, the day the contract launched.
October 28, 2024
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By Callum Perry, Zihao Li, the Fastmarkets team
Insights
US Treasury’s finalized Section 45X a big win for secure supply chains, aluminium manufacturing: sources
On Thursday October 24, the US Department of Treasury and the Internal Revenue Service (IRS) released the final rules regarding the Section 45X credits under the US Internal Revenues Code. The final rules clarify definitions and confirm credit amounts for eligible components, including solar and wind energy, inverters, qualifying battery components and applicable critical minerals. […]
October 28, 2024
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By Yasemin Esmen
Insights
Correction to electrical steel, non-grain oriented, CFR India, on October 18: pricing notice
The price was published in error as $760-770 per tonne. This has now been corrected to $660-670 per tonne. Fastmarkets’ pricing database has been updated to reflect this change. This price is part of the Fastmarkets‘ steel package. For more information, or to provide feedback on this correction notice, or if you would like to provide […]
October 28, 2024
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By Suresh Nair
Insights
New stimulus measures could boost Chinese lumber demand
In late September, the People’s Bank of China (PBOC) announced a cut in the existing mortgage rate by an average of 50 basis points.
October 25, 2024
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By Peter Malliris
Insights
Uptick in plastic to paper demand with US bag, sack shipments up 19.2%
Packagers moving from plastic to paper, particularly Amazon’s work to eliminate plastic bubble wrap with paper, contributed to the increase in shipments.
October 25, 2024
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By Gregory Rudder
Insights
GEMCO’s manganese ore suspension: a volatile market driven by weak Chinese steel demand, panic buying
Prices for seaborne high-grade manganese ore have plunged in October 2024, with producers announcing cuts to production and exports amid poor levels of purchasing in China But the most recent price drop was merely the latest dramatic move in a period of increased volatility, following the suspension of operations at South32’s Groote Eylandt Mining Co […]
October 25, 2024
·
By Tina Tong, Holly Chant
Insights
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