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This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal, copper , alumina, and steel and scrap. We also explore what the next few months could bring, from supply and demand shifts, to new […]

China has made adoption of electric vehicles a cornerstone of decarbonizing its transport sector. Despite headwinds such as removal of EV subsidies by year end and rising battery raw material prices, China’s EV adoption rate is seen undented. An end to subsidies will not slow sales down as there are a broad range of models

This report is part of the S&P Global Commodity Insights’ Metals Trade Review series , where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal, copper, alumina, and steel and scrap. We also explore what the next few months could bring, from supply and demand shifts, to new

The Platts monthly index for Mexican domestic rebar plunged 6.49% to 216.3 points in June from 231.3 points in May. This represents the first decline after six straight months of increases, in which the Mexican domestic rebar price reached all-time highs. The June index rose 19.73% on the year basis. The index is calculated with

Alcoa said July 1 that it will fully curtail one of three operational potlines at its Warrick aluminum smelting operations in Indiana by the end of day “due to operational challenges,” taking 54,000 mt/year of production offline. “Our teams will be focused on ensuring that we bring down this capacity safely while protecting production at

Battery producer Statevolt is working to attract key players from across the lithium and battery supply chains to set up operations near California’s Imperial Valley, where it is proposing to build a 54 GWh gigafactory, to achieve a “hyperlocal” battery industry in southwestern US, according to CEO Lars Carlstrom. “This hyperlocal concept is important because

US refiners ran at 95% of capacity for the week ended June 24, processing 16.67 million b/d of crude, eager to complete maintenance and capture high record high refining margins. Platts Analytics forecasts US refinery runs will average 16.5 million b/d in July and August, dependent on the level of hurricane activity and the impact

Microsoft, one of the world’s largest investors in tech carbon removal technology, is looking to diversify its carbon credits portfolio with mineral-based removal credits, said Lucas Joppa, the company’s chief environmental officer. Joppa, who was speaking at the Climeworks Direct Air Capture Summit 2022 held in Zurich June 30, said he would like to see

Automaker has decided to invest around Eur1.2 billion ($1.25 billion) to establish a third electric vehicle manufacturing plant in Europe near Kosice, Slovakia, it said July 1. The plant, which will be Volvo’s first new European manufacturing site for almost 60 years, is planned to be climate neutral, be able to produce 250,000 vehicles/year and

US Steel plans to construct a system dedicated to the production of DR-grade pellets at one of its two Minnesota iron ore operations and may end steelmaking at its Granite City Works, it said June 28. DR-grade pellets will be used as a supply feedstock for the company’s growing fleet of electric arc furnaces, while