RSS News

Democratic US House members Sept. 20 sought another pause on federal oil and natural gas leasing to allow further analysis on the impact fossil fuel development on public lands and waters has on US’ ability to meet its emissions reduction goals. Public lands and waters account for nearly a quarter of US annual carbon emissions […]

The London Metal Exchange plans to defend itself against legal action filed by five investment firms over the exchange’s decision to suspend nickel trading in early March, a spokesperson said Sept. 20. AQR Capital Management, DRW Commodities, Flow Traders, Capstone Investment Advisors and Winton Capital Management filed an application Sept. 7 in the London Commercial

South Korean LNG importers are eyeing to expand LNG infrastructure in order to boost supply security in the wake high LNG prices and tight global availability, industry sources said Sept. 19 The Platts JKM LNG for October breached $70/MMBtu Aug. 29 in the wake of the ongoing Russia-Ukraine war, exacerbated by discontinued pipeline gas flows

VLCC freight rates for hauling crude from the US Gulf Coast to China have hit a two-year high at lump sum $10 million, attributable to burgeoning oil demand, a tightened position list and changing trade flows that began with the Russia-Ukraine war. Platts assessed the benchmark VLCC freight rate for the US Gulf Coast to

Near term scrap futures contracts on the London Metal Exchange saw losses over the week to Sept. 15, while weekly trading volumes decreased. Platts, part of S&P Global Commodity Insights, assessed the September contract down $7/mt on the week to $358/mt, while October dropped $12/mt to $347/mt. The November contract fell $11.50/mt to $352/mt, while

The Biden administration announced new actions Sept. 15 to prioritize the purchase of low-carbon-emissions construction materials, including steel, for use in federally funded projects. The federal government will prioritize the purchase of steel, concrete, asphalt and flat glass that have fewer embedded emissions associated with their manufacturing, transportation, installation, maintenance and disposal, according to a

With a goal of increasing US lithium supply to help meet demand from electric vehicle manufacturers and other applications, ACME Lithium recently made an initial discovery in Nevada and plans to share a development update shortly, President and CEO Stephen Hanson said Sept. 14. “I founded ACME Lithium due to my core belief that we

China is expected to enforce winter steel output cuts in the country’s northern region as a way to reduce smog. However, these cuts to be implemented in the fourth quarter are unlikely to reduce China’s crude steel output on a large scale, raising oversupply concerns that could weigh on steel prices in coming months, sources

Miner Rio Tinto and China’s Baowu Steel Group will set up a joint venture, investing $2 billion to develop an iron ore project in the Pilbara region of Western Australia, the miner said Sept. 14. The Western Range project, with 25 million mt iron ore output capacity, will help continue production of the Pilbara Blend

The discount for methane collection and renewable energy carbon credits from China, where forestry credits have historically been at a discount compared with other geographies, has become more pronounced over the last few weeks , recent heards reported by S&P Global Commodity Insights show. On Sept. 13, Platts heard of VCS-certified Methane Collection (Landfill Gas)