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China’s Ministry of Commerce has prohibited the export of rare earth magnet production technology and machinery by adding it to its list of Export Prohibited and Restricted Technologies
Rare earth magnets are becoming the lithium and cobalt of electric motors, playing a critical role in delivering power, torque, and efficiency, while production increasingly shifts toward Europe and the US to meet rising EV demand, comply with new sourcing rules, and strengthen supply security.
Decarbonization of the steel industry in Asia is set to accelerate, with steelmakers pressed to export more amid weak local demand and oversupply, necessitating the increase of low-carbon steel supply
Fastmarkets’ weekly price assessment for ferro-chrome high carbon 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe remained at $1.69-2.08 per lb Cr on Tuesday, and its weekly price assessment for ferro-chrome high carbon 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe held at $1.00-1.10 per lb Cr. But various challenges have plagued both steel and […]
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