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Commodity markets were closely watching negotiations between US railroads and unions Sept. 13, as a deadline nears for a strike that would curtail shipments of agricultural and energy products, leading to price spikes. Ten of the 12 major unions have reached agreements, leaving just the Brotherhood of Locomotive Engineers and Trainmen and SMART Transportation Division. […]

Voluntary carbon credit retirements in August were up 2.6% year on year to 11.97 million, data collected by the Global Carbon Analytics team at S&P Global Commodity Insights from Climate Action Reserve, American Carbon Registry, Gold Standard and VERRA showed. There were 12.10 million retirements of credits in July, up 28% year on year. The

The US Department of Energy is proposing several solutions to advance decarbonization targets in the US steel industry, including the use of alternative fuels and innovative pilot demonstration programs. Among the suggested actions in its industrial decarbonization roadmap released Sept. 7, the DOE said US steel producers could “transition to low-and no-carbon fuels and expand

The EU needs to take immediate emergency measures to overcome the region’s current “life-threatening energy crisis,” European Steel Association Eurofer said Sept. 9. High energy prices are putting the viability of steelmaking in Europe at risk, and have forced numerous mills to halt installations, it said. Eurofer’s statement, coinciding with an extraordinary meeting of the

Near-term scrap futures contracts on the London Metal Exchange mostly saw losses over the week to Sept. 8, while weekly trading volumes increased. Platts, part of S&P Global Commodity Insights data, assessed the September contract down $15/mt on the week to $365/mt, while October dropped $8.50/mt to $359/mt. The November contract gained $1.50/mt to $363.50/mt

The UK government has decided to move forward with creation of a critical minerals mining agency, the country’s Critical Minerals Association, an adviser to the government on its critical minerals strategy, reported Sept. 8. The government will “establish a dedicated Critical Minerals Unit to act as government’s single point of contact with the critical minerals

Operations are returning to normal at South Korea’s Kori Nuclear Power Plant after its operator Korea Hydro & Nuclear Power Co. cut run rates ahead of Typhoon Hinnamnor’s landfall, KHNP officials told S&P Global Commodity Insights. Typhoon Hinnamnor, one of the most powerful storms ever to hit South Korea, moved out of the country early

Chinese steel prices are likely to remain volatile through September in the wake of strong seasonal demand and low inventories and rising steel production, industry sources said. Crude steel production is expected to increase in September after rebounding in August following two straight months of declines. September and October typically see seasonally strong demand and

UK lithium mine developer Cornish Lithium has secured additional funding from the UK government’s Innovate UK scheme, to be used to construct the hydrometallurgical section of a demonstration scale processing plant at its Trelith processing site, part of its Trelavour Hard Rock Lithium Project near St. Austell in southwest England. This marks a step towards

The 6.8-magnitude earthquake in China’s drought-hit Sichuan province, one of the country’s top resource suppliers, has had limited impact across the key commodities produced there, including natural gas, hydro power, lithium, aluminum and silicon, information collected by S&P Global Commodity Insights showed. The earthquake hit Luding County in Sichan province at 12:52 pm Sept. 5,