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Freeport-McMoRan’s Kathleen Quirk says copper scarcity means companies are buying rather than building new supply
In the fourth episode of Fastmarkets critical minerals podcast Fast Forward, Freeport-McMoRan CEO and president Kathleen Quirk tells host Andrea Hotter why there's a preference to buy and not build new supplies of copper right now
July 25, 2024
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Insights
Demand for aluminium in green transition supporting otherwise challenging downstream markets: Norsk Hydro CEO
Demand for primary aluminium from the green transition remains a “brighter spot” for consumption amid an otherwise challenging downstream demand outlook, Eivind Kallevik, Norsk Hydro’s chief executive officer and president, told Fastmarkets in an exclusive interview on Tuesday July 23
July 24, 2024
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By Imogen Dudman
Insights
ACG’s Gediktepe deal first step in creating mid-tier copper producer | Hotter Commodities
Acquisition Company Limited (ACG) has agreed to buy the Gediktepe mine in Turkey — the company’s first deal as it works to build a sizeable mid-tier copper producer, its chairman and chief executive officer told Fastmarkets.
July 24, 2024
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By Andrea Hotter
Insights
QuantumScape, PowerCo form agreement to industrialize solid-state batteries
Germany-based Volkswagen Group’s battery company PowerCo and California-based QuantumScape have entered into an agreement to industrialize QuantumScape’s solid-state lithium-metal battery technology, the companies announced on Thursday July 11
July 15, 2024
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By Kirstyn Petras
Insights
Light rare earth prices stabilize, heavy rare prices fall on low demand
Chinese export prices for light rare earth products were unchanged for the fourth consecutive week on Thursday July 11, with suppliers firmly rejecting further price cuts, but low demand continued to pull down prices for heavy rare earth products used in magnets
July 12, 2024
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By the Fastmarkets team, Caroline Messecar
Insights
Biden imposes ‘melt and pour’ requirement for Mexican steel, aluminium imports
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
July 11, 2024
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By Yasemin Esmen, Alesha Alkaff
Insights
Hydro, Porsche sign agreement for green aluminium in auto industry’s latest effort to decarbonize
Norway-based aluminium producer Hydro and German car manufacturer Porsche signed a long-term agreement on Tuesday July 9 for supply of low-carbon aluminium to further decarbonize the supply chain of Porsche’s sports cars. The agreement follows the letter of intent signed in April
July 11, 2024
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By Yasemin Esmen
Insights
Indonesian government looking to ease bauxite export ban
The Indonesian government is looking to ease its export ban on bauxite, sources familiar with the matter have told Fastmarkets
July 8, 2024
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By Ruby Liu, Laura Roberts, the Fastmarkets team
Insights
Russia’s war in Ukraine boosts copper demand
Russia's war against Ukraine is using millions of copper-containing shells, which has increased demand for the red metal, sources told Fastmarkets
July 8, 2024
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By James McKeigue
Insights
Fastmarkets battery raw materials market update
Read on as Fastmarkets delves into a monthly market update, focusing on the dynamic and fast-evolving sector of battery raw materials
July 3, 2024
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By Jon Stibbs
Insights
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