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The European Commission is set to publish much-anticipated draft rules on green hydrogen Dec. 15, with a leaked draft drawing criticism from industry and environmental groups alike, as project developers await the policy clarity needed to finalize investment decisions. Industry body Hydrogen Europe has criticized the leaked draft for not going substantially beyond a position […]

The UK government late Dec. 7 gave its go-ahead for the UK’s first new coal mine for 30 years amid strong environmental opposition, which could yet derail the project with no start-up date announced. West Cumbria Mining’s Whitehouse Colliery project at Whitehaven in the UK’s North West, with an expected 3.1 million mt capacity to

China’s leading lithium battery maker Sunwoda Electronic said Dec. 8 it will invest at least Yuan 16.5 billion ($2.4 billion) to build a 50,000 mt/year lithium carbonate project in the Yichun city of Jiangxi province, a move that would help it secure upstream resource supply and lower its production costs. The project will also involve

Spot trading interest in the Chinese domestic alumina market has jumped in the past two weeks, led by recent winter stockpiling activity, pandemic-related transportation restrictions and air pollution warnings amid the winter heating season. Sources in China have observed an increase in inter-province arbitrage activity, involving vertically integrated aluminum enterprises swapping alumina origins for sales

This is the final story in a two-part series based on a survey by S&P Global Commodity Insights. You can read the first story here. Stormy seas lie ahead for the dry bulk market as the shipping industry comes to terms with the new environmental regulations being introduced by the International Maritime Organization in 2023,

After forecasting an above-normal hurricane season for 2022, the National Hurricane Center acknowledges the season was “near normal” and just three cyclones hit the southeastern US. Recent system hardening efforts may diminish the 2023 hurricane season impact, experts say, but supply chain issues could slow service restoration. The storm’s lessening of power demand and pricing

The global ethylene market is widely expected to come under pressure in 2023 from weak demand, thin margins and volatile energy costs, though some market participants see a return of some pre-COVID normalcy. While the US will look to increase its competitive advantage from lower feedstock costs, the European market’s energy cost struggles are seen

U.S. President Biden signed into law on Dec. 2 legislation that averted a nationwide rail strike slated for Dec. 9 following a months-long dispute between railroad companies and unions. The legislation means the economy will be spared some of the commodity price impacts that were expected if a strike had occurred. A rail strike would

Term negotiations for 2023 cobalt took a challenging turn for sellers following the severe decline in demand from China, which pressured prices and left the market well supplied ahead of next year’s expected surplus. This, after 2022 was set to have been a boom year for the metal as it was expected to ride on

Steel producers in Brazil are expecting a modest expansion of production, sales, and apparent consumption in the country in 2023, following “excellent” years for the industry, according to Aço Brasil Institute. Brazilian crude steel production in 2023 is projected to rise 2% on year to 35.3 million mt. Sales volumes in the domestic market may