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The London Metal Exchange is to launch a number of new initiatives to boost the screen liquidity of its cash-settled ferrous futures contracts, it announced during the LME Focus Day event on Oct. 27. “We are delighted with the continued growth of our scrap and rebar contracts. The new liquidity windows on LMEselect are designed […]

Australia has been emerging as a silver lining in a gloomy global wheat market, but prolonged wet weather and excessive rainfall in the country may threaten its position as a key supplier, weighing on milling wheat prospects. Australia’s wheat harvest is set to be in full swing from the week beginning Oct. 31 amid concerns

The concern over Malaysia LNG supply has receded among buyers in Japan amid emerging prospects of receiving alternative supplies from the seller following the recent force majeure on some of its supply, sources familiar with the matter told S&P Global Commodity Insights Oct. 27. The change in sentiment comes as a number of Japanese buyers

Cleveland-Cliffs expects its quarterly steel shipment volumes to reach near or exceed 4 million st in the fourth quarter and subsequent quarters amid a rebound in steel demand from a recovering US automotive sector, CEO Lourenco Goncalves said Oct. 25. “We were encouraged by the 100,000 st volume improvement from our automotive customers from [the

Despite new Western legislation which seeks to regionalize metals supply chains for the energy transition, it will be hard, perhaps impossible, to bypass supplies from China, according to speakers at the London Metal Exchange’s seminar Oct. 24. “The regionalization trend is real… but in the long term may almost inevitably reverse,” said Robin Martin, head

The lithium market is set for a price correction in the coming months as new capacity comes on stream, coinciding with the likelihood of some world economies entering recession, according to participants at the Financial Times Mining Summit in London this week. Lithium prices could fall 30%-40% from current levels by December amid expectations of

US-based lithium producers Albemarle and Piedmont Lithium are among 20 companies that were awarded grants from the $2.8 billion in federal funding for domestic critical minerals projects that President Joe Biden announced Oct. 19. The federal funds, authorized under the Bipartisan Infrastructure Law, will be distributed to 20 US manufacturing and processing companies seeking to

The European Automobile Manufacturers’ Association, or ACEA, has welcomes the European Parliament vote to roll out charging and refueling infrastructure across the region to power passenger and commercial electric vehicles, the group said Oct. 19. The EP voted Oct. 19 in favor of the European Commission’s proposed Alternative Fuels Infrastructure Regulation, or AFIR, which is

US voters Nov. 8 will decide party control of Congress and with it whether new clean energy technologies or the country’s abundant fossil fuel resources will take center stage on the legislative agenda for the next two years. Republicans hope they can flip both chambers to make their case for rebalancing the US energy portfolio,

Asian economies are ill prepared for upcoming carbon market regulation by the European Union that proposes a levy on imports of carbon-intensive goods and makes goods produced in countries with weaker carbon pricing mechanisms highly uncompetitive, industry sources and analysts told S&P Global Commodity Insights. Few countries in Asia have imposed any form of carbon