Supported by stronger market conditions and higher production capacity, the Brazilian aluminium industry will depend less on imports and will instead prioritize locally-produced metal in 2023, market participants told Fastmarkets

There is no global scrap shortage looming, the top executive at Commercial Metals Co (CMC) told a packed room at Fastmarkets’ Scrap & Steel North America 2023 event in Dallas, adding that while there is no decarbonization blueprint for the steel industry to follow, the shift to electric-arc furnace (EAF) steel production is key to meeting “green” targets

The scrap industry in the US is expected to continue to consolidate, which benefits the market overall, panelists said at Fastmarkets’ event this week

Carmakers Tesla and Audi have participated in a project to establish the digital twin of a physical battery for electric vehicles (EVs) by showing its sustainability credentials through the supply chain

Fastmarkets analysts are forecasting an increase in prices across the base metals complex by the end of 2023. Copper and nickel prices are expected to be the best performers next year and to show large increases by the end of 2023, with the speed of this growth heavily dependent on China’s economic recovery

North American pulp prices continue to face downward pressure with more fresh inventory entering the market

Despite growing concerns around the health of the US economy and the impact of rising inflation, the US ferrous scrap market should stabilize and recover moderately this year after a period of sustained downside pressure throughout much of 2022, according to panelists at Fastmarkets’ Scrap & Steel conference 2023 in Dallas, Texas

The descent of UK-based battery manufacturer Britishvolt into administration this week is a timely reminder that the path to achieving the electrification of mobility and the broader energy transition is not going to be easy

Cobalt forward contracts on the Chicago Mercantile Exchange (CME) hit new highs for volume and open interest during trading on Tuesday January 17

US KLB was being offered at as much as $150-180/tonne below the expected top-of-range prices