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Japan’s Idemitsu Kosan aims to start importing ammonia from the UAE, Saudi Arabia and other countries in the late 2020s as it commits to supply more than 1 million mt/year of the prospective fuel to decarbonize coal-fired power generation at the Shunan industrial complex by 2030, President and CEO Shunichi Kito told S&P Global Commodity […]

Consumers’ low steel purchases and inventories in Brazil are preventing a wave of end-of-year discounts and supporting the announcement of increases for early 2023, sources said. “I believe prices went down enough for 2022,” said a flat steel distributor source, who already received price hikes announcements for the start of 2023. In the survey of

Brazilian miner and processor CBMM is stepping up sales of niobium products to battery materials producers as it seeks to enlarge the market for niobium-bearing batteries in high-end industrial and commercial markets including heavy trucks and equipment, rail operation and energy storage. “The world is really moving towards electrification despite the pandemic, the war in

European refiners have accelerated their shift to buying more crudes from Kazakhstan, Azerbaijan, Norway, the US and Guyana as Western sanctions on Moscow saw the trade bloc’s Russian imports sink to record lows, according to tanker tracking data. Once Europe’s biggest supplier of crude shipping a fifth of the EU’s seaborne imports, Russian oil flows

US-based ExxonMobil has started up its new advanced recycling facility in Baytown, Texas, the company announced Dec. 14. The advanced recycling facility is among the largest in the US, with capacity to process more than 80 million lb/year (36,288 mt/year) of plastic waste, breaking down hard-to-recycle plastics into raw materials to create new products, ExxonMobil

The European Parliament reached provisional agreement with the EU Council early Dec. 13 on a Carbon Border Adjustment Mechanism, extending the scope of the European Commission’s original proposal to hydrogen, indirect emissions and some downstream products, the European Parliament said in a statement Dec. 13. The mechanism, to apply from Oct. 1, 2023, will oblige

Chinese magnesium prices fell below the key Yuan 22,000/mt ($3,185/mt) mark in the week that started Dec. 12 to reach a six-month low, as the economic slump weighed on both local and global demand, leading to oversupply in the Chinese domestic market, industry sources said Dec. 13. On Dec. 12, mainstream smelters in the key

The US Department of Energy closed a $2.5 billion loan to Ultium Cells to help finance the construction of three lithium-ion battery cell manufacturing facilities in the country, it said Dec. 12. Ultium, which is a North America-based battery joint venture between automaker General Motors and South Korea-based battery developer LG Energy Solutions, will be

US imports for consumption of concrete reinforcing bars totaled 86,757 mt in October, down 19.7% from September, according to the most recent US Census data. Imports are expected to remain limited until the end of the year, but supply at the ports has started to tighten recently as activity has picked up, according to traders.

A World Trade Organization panel determined the US’ steel and aluminum tariffs are inconsistent with international trade obligations and recommended that modifications to the duty program be made, the trade organization said Dec. 9. “The panel recommends that the United States bring its WTO-inconsistent measures into conformity with its obligations under the GATT [General Agreement