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Indian planning body NITI Aayog has proposed a carbon capture, use and storage policy involving clusters, a business model and financial incentives to help its adoption on a commercial scale, with the potential for India to reach 750 million mt/year of CCUS capacity by 2050. India, the world’s third largest emitter of CO2, has a […]

China’s iron ore output in 2023 is expected to rise 3.5% from the previous year to 238 million mt as miners commission new production capacity, an analyst with investment bank Orient Securities said Nov. 29, in a development that could help slightly cut back the country’s huge iron ore purchases in the longer term. Miners

Latin American polymer markets will remain key to US suppliers in the first half of 2023 amid strong competition from lower prices and plentiful supplies from Asia. Latin America’s polyethylene prices typically inch up after US suppliers destock in the previous quarter. However, prices were not seen rising in Q1 2023 amid a combination of

New York Gov. Kathy Hochul signed legislation Nov. 22 banning new crypto mining operations in the state that are powered by fossil-fuel generators, making New York the first state to do so. Hochul, who refrained from acting on the bill for nearly six months, said the practice is inconsistent with the state’s environmental- and climate

Egypt will boost its LNG exports by 14% to 8 million mt/year in 2022, the country’s petroleum and mineral resources minister said Nov. 27, as the North African producer seeks to plug a hole left by lower Russian imports into the European Union. About 90% of this year’s LNG exports are heading to European Union

Andrea Bonzanni, international policy director at the International Emission Trading Association (IETA), followed negotiations at the 27th UN Climate Change Conference in Egypt on Article 6 of the Paris Agreement, overseeing carbon credit mechanisms. S&P Global Commodities Insights interviewed him on the main decisions made at the summit and the consequences that these have on

Opportunities may exist for Australia and the UK to establish an integrated battery supply chain to feed the electric vehicles sector, industry participants said Nov. 24. Such a chain could bypass China’s current dominance of battery metals supplies, viewed as problematic in terms of pricing and environmental, social and governance criteria, which are increasingly important

Ukraine’s largest standalone steelworks ArcelorMittal Kryvyi Rih said Nov. 24 it had to suspend production because of widespread blackouts across the country following Russian missile strikes on power infrastructure Nov. 23, with industrial enterprises across the country also forced to halt, according to sources. ArcelorMittal Kryvyi Rih restricted electricity consumption and suspended most production processes

Ukrainian grain flows through the Black Sea declined during the week ended Nov. 13, a S&P Global Commodity Insights analysis of UN data showed, with markets still cautious until a clear renewal indication of the safe passage agreement is communicated from stakeholders of the Black Sea Grain Initiative. “The Black Sea is dead as there

During his three-hour sweep through the UN Climate Change Conference on Nov. 11, US President Joe Biden underscored the global impacts the Inflation Reduction Act will have on driving down the cost of clean energy beyond American borders. “Our investments in technology, from electric batteries to hydrogen, are going to spark a cycle of innovation