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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
GM, LAC sign $625-million agreement in push to secure lithium supply in the West
The Vancouver, Canada-based Lithium Americas (LAC) entered into a new $625-million investment agreement with the US automaker General Motors (GM) for establishing a joint venture to fund, develop, construct and operate LAC’s Thacker Pass lithium mine, the company announced on Wednesday October 16.
October 23, 2024
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By Yasemin Esmen
Insights
UK-Brazil critical minerals seminar sparks call for British mining revival
British experts have called for a renewed focus on domestic resources, similar to Brazil’s efforts in the mining sector, with the South American country moving to strengthen its position in the global critical minerals market
October 17, 2024
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By the Fastmarkets team, Leticia Simionato, Julienne Raboca
Insights
China pivotal to achieving global drive to greener steel
The adoption of decarbonization technologies and greener practices in Asia will be pivotal to the global steel industry achieving is emissions reductions targets, according to Christopher Lilholm, head of global key account at Norwegian risk management business DNV.
October 14, 2024
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By Shu Yi Zheng
Insights
China’s lithium carbonate prices edge up on futures volatility; other markets flat or down
China’s lithium carbonate prices rose over the week to Thursday October 10 following volatility on the futures market, but sentiment was cautious amid ongoing weak fundamentals, sources told Fastmarkets.
October 14, 2024
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By Yasemin Esmen, Zihao Li, Ewan Thomson, the Fastmarkets team
Insights
What is the state of the lithium market and how could lithium pricing develop?
In this episode, we focus the limelight on lithium, a pivotal player in the global energy transition
October 14, 2024
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By the Fastmarkets team
Insights
Hydro increases US recycling capacity, R&D efforts amid growing interest for low-carbon aluminium
The aluminium producer Hydro has been focusing its research and development (R&D) efforts in the US on increasing its recycling-based extrusion ingot production, Hydro Aluminium Metals USA president Duncan Pitchford told Fastmarkets.
October 14, 2024
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By Luna Zhu
Insights
Battery raw materials market update October 2024
Read Fastmarkets' monthly battery raw materials market update for October 2024, focusing on raw materials including lithium, cobalt, nickel, graphite and more
October 14, 2024
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By the Fastmarkets team
Insights
Battery material supply chains will self-organize, FT Mining Summit hears
Supply chains for battery and critical raw materials will reorganize themselves, with market efficiency superseding subsidies in supply chains, delegates heard at the recent Financial Times Mining Summit.
October 10, 2024
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By Solomon Cefai
Insights
China’s export restrictions create unexpected opportunity for Brazil’s critical minerals sector
From the Lithium Valley Initiative to corporate investments, Brazil is investing in its critical minerals sector in response to shifting global market dynamics triggered by China's export controls.
October 10, 2024
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By Solomon Cefai, Julienne Raboca, the Fastmarkets team
Insights
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