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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 […]

As the Western world looks looking to increase battery making capacity, one challenge facing the industry is raw material supply and whether there will be enough to meet demand by 2030. Battery maker Northvolt does not believe there will be enough raw material supply and refineries to supply the planned gigafactory capacities planned by 2030.

Japan Oil, Gas and Metals National Corp. is keen to support energy transition projects in Saudi Arabia and the UAE, countries that are making inroads into new areas of energy while maintaining their traditional fossil fuels industries, the company’s Chairman and CEO Tetsuhiro Hosono told S&P Global Commodity Insights in an interview in Abu Dhabi.

Ongoing production cuts in China and planned blast furnace maintenance during winter have signaled the unlikely recovery of steel demand up to the end of 2023. The poor margins have reduced demand for low alumina iron ore cargoes. The deteriorating steel margins that started early-third quarter have kept procurement decisions solely on whatever cargoes are

Middle Eastern jet fuel supplies have tightened in H1 November amid a spike in regional consumption ahead of the FIFA World Cup 2022 tournament in Qatar, market sources Nov. 9, anchoring prices in the region. More than 1.2 million people were expected to travel to Qatar for the tournament over Nov. 20-Dec. 18, according to

A corporate and academic consortium said Nov. 7 that they are moving forward with developing a clean hydrogen hub in the Midwest US to be supplied with power from Energy Harbor’s 2.8-GW Davis-Besse nuclear plant in Ohio. The Great Lakes Clean Hydrogen Partnership made up of Linde, Energy Harbor, GE Aerospace, Cleveland-Cliffs steel manufacturing and

The Indonesian government requested thermal coal miners to supply 161.15 million mt to the country’s power producers in 2023, a stark jump from the demand projected for this year, which will likely keep supplies tight, according to a letter to miners seen by S&P Global Commodity Insights Nov. 7. Of the total requirement for 2023,

The sentiment for finished steel prices continued to slide as the November scrap buy week was underway, according to the most recent S&P Global Commodity Insights US steel market participant survey. In the survey of US producers, distributors, traders, and end-users, 87.1% expected finished prices to fall further during November, up from October, where 74.2%

Current global steel market dynamics should have presented the Venezuelan hot-briquetted iron industry with a golden opportunity. That is, if only Venezuela’s HBI industry was in a position to take advantage of such a scenario. Global metals supply has been dented by Russia’s war with Ukraine, the use of direct-reduced iron and HBI combined with

Europe’s jet fuel purchases from the Persian Gulf are on the rise as air travel demand improves and the continent replaces Russian barrels with other origins ahead of its February price cap deadline, boosting cash differential for spot barrels, market participants said. The EU is expected to place a price cap Feb. 5, 2023, on