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Authorities in several parts of China facing scorching heat have issued electricity supply alerts, including a call for a blanket ban on energy-intensive industrial production for one week in the Chongqing city, leading ferrous and nonferrous industry players to look for options to mitigate disruptions in activity, sources said. Chongqing in China’s southwest has called […]

The London Metal Exchange has suspended placing Russian-origin nickel on warrant in its warehouses in the UK, an LME spokesperson told S&P Global Commodity Insights Aug. 17. The UK government had recently imposed a 35% additional duty on the imports of nickel of Russian and Belarussian origin that will affect shipments initiated from July 20.

UBS analysts said Aug. 16 they expect iron-based lithium-iron-phosphate (LFP) batteries to represent 40% of the global battery market by 2030, 25 percentage points higher than previous projections, due to improved driving range performance from LFP batteries and growing interest from battery producers to seek alternatives to the more common high-nickel content battery chemistries. “The

Weardale Lithium has agreed to potentially supply lithium feedstock to Tees Valley Lithium’s lithium hydroxide plant in Teesside, UK, and collaborate to create a battery-supply chain industrial hub in North East England, the companies said Aug. 15. The two companies have signed a memorandum of understanding to evaluate the potential supply, as well as to

Bunker fuel sales in Singapore reached 4.121 million mt in July, up 9.8% month on month and 1.4% higher on the year, reaching the highest level of 2022 so far, according to preliminary data from the Maritime and Port Authority of Singapore Aug. 13. Sales of both low sulfur fuel oil bunkers in July reversed

Near-term scrap and rebar futures contracts on the London Metal Exchange saw strong gains over the week to Aug. 11, while weekly trading volumes dipped. Platts, part of S&P Global Commodity Insights, assessed the August contract up $32.50/mt on the week to $397/mt Aug. 11. The September contract gained $14.50/mt on the week to $394.50/mt,

Deteriorating pricing and demand coupled with inflationary pressure on input costs is a “double whammy” for North American flat-rolled steelmakers, making this downturn different from previous troughs, Stelco CEO Alan Kestenbaum said Aug. 11. “On top of deteriorating pricing and demand, our business is being challenged with strong headwinds, including inflationary pressures on some of

Under the Carbon Offsetting and Reduction Scheme for International Aviation, also known as CORSIA, the International Civil Aviation Organization allows airline to either acquire carbon credits or use sustainable aviation fuels that meet its environmental standards. In May, Neste delivered the first batch of CORSIA-certified SAF to American Airlines at San Francisco International Airport and

Cobalt metal prices are hovering at an 11-month low with a mixed short-term outlook despite talk of up to 2,600 mt possible metal stockpiling by China’s National Food and Strategic Reserves Administration, or NFSRA. NFSRA stockpiling has typically lifted the market sentiment, but sources are uncertain whether it can help boost the sluggish Chinese sulfate

China’s domestic demand for construction steel is likely to remain low for the rest of 2022, market participants told S&P Global Commodity Insights, with the key indicator of excavator sales declining for the fourth straight month in July. China’s domestic excavator sales were down 24.9% year on year at 9,250 units in July, the second-lowest