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European Commission report details $45 billion for clean energy, $800 million for hydrogen by 2030
The European Commission plans to boost the EU’s clean energy transition with an investment of €720 million ($802 million) into its hydrogen sector, while the battery sector continues to grapple with a €19 billion trade deficit, Fastmarkets has heard
September 27, 2024
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By Julienne Raboca
Insights
UK’s NorthPoint SAF facility uncertain as project developer files for bankruptcy
The future of the NorthPoint sustainable aviation fuel (SAF) facility in the UK could be in the balance after sources told Fastmarkets last week that project developer Fulcrum BioEnergy has filed for bankruptcy
September 26, 2024
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By Alexandra Chapman, Wendy Dulaney
Insights
Interview with Matthew Chamberlain, CEO of the London Metal Exchange | Fast Forward podcast episode 6 transcript
Read the full transcript from episode 6 of Fast Forward podcast on trading power and the role of the London Metal Exchange (LME) in the energy transition with CEO Matthew Chamberlain.
September 24, 2024
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Insights
The future of metals trading with the LME’s Matthew Chamberlain
Ahead of LME Week 2024, the exchange's CEO, Matthew Chamberlain, sat down with Andrea Hotter for Fast Forward podcast to talk about the exchange's role in facilitating responsible sourcing and transparency along the metals supply chain
September 20, 2024
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Insights
Investment in aluminium scrap processing key to securing supply amid global shortage: LME week
Investing in scrap processing capacity will be a key factor for the aluminium industries in Europe and North America in securing enough suitable scrap to decarbonize their primary alloys, industry sources said at Fastmarkets’ International Aluminium conference in Athens, Greece.
September 20, 2024
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By Ross Yeo
Insights
China electrical steel poised for green boost, but experts warn against overcapacity
Chinese steelmakers are strengthening their position as global leaders in electrical steel after China's introduction of new motor efficiency standards, but experts have warned that supply may soon outpace demand and that overcapacity in high-end electrical steel products could generate downward pressure on prices.
September 20, 2024
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By Sam Li Xiaoyu
Insights
China to boost liquidity in carbon emission trading system
China is working ways to boost the national carbon trading market liquidity by including more industrial firms from the steel, cement and electrolytic aluminum sectors to participate, as well as restarting the voluntary greenhouse gas (GHG) emissions reduction trading, sources told Fastmarkets.
September 20, 2024
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By Zihuan Pan, Alice Li, the Fastmarkets team
Insights
What Trump, Harris policies could mean for steel in the US
Here are some ways their proposed policies are aligned or differ when it comes to steel: Aligned: Both candidates support domestically-made steel Harris and Trump are both cognizant of the critical role of the steel industry in the US’ national security, infrastructure and energy industry, Kevin Dempsey, president and chief executive officer of the American […]
September 19, 2024
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By Alesha Alkaff
Insights
Chile launches economic strengthening plan in wake of steelmaker Huachipato closure
The Chilean Ministry of Economy released a strengthening plan to reverse — in the short and medium term — the reduction in jobs and the decline in industrial infrastructure and steel production due to the closure of the country's largest steel mill, Compañía Siderúrgica Huachipato, which officially ceased operations on Monday September 16.
September 19, 2024
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By Gabriela Brumatti, Ana Enis, the Fastmarkets team
Insights
Five factors that could accelerate or decelerate the adoption of a green steel premium in the US: LME Week
According to our survey of the US steel market, almost half of respondents believe it will take more than 18 months for a green steel premium to be collected in the US – here we explore the factors that could influence the speed of adoption
September 18, 2024
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By the Fastmarkets team
Insights
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