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Steel and aluminum exporters in the UK no longer have to pay tariffs to export material to the US, with some volumes allowed to be exported duty-free from June 1. The US had said in March that it would replace Section 232 steel and aluminum tariffs on shipments from the UK with a quota system. […]

Steelmaker Salzgitter and mining group LKAB have formed a partnership focused on decarbonizing the steel industry through the use of low-carbon iron ore pellets, the companies said June 3. With its SALCOS project, Salzgitter is working with partners from the steel industry and research institutions to achieve virtually carbon dioxide-free steel production by 2033. To

Global carmaker Stellantis has signed an offtake agreement with Controlled Thermal Resources for the supply of battery-grade lithium hydroxide for use in electric vehicle production, the companies said June 2 in a joint statement. Under terms of the 10-year agreement, CTR will supply Stellantis with up to 25,000 mt/year of lithium hydroxide. No pricing information

The US oil and gas rig count added three for a total 821 on the week, and could be just weeks away from its pre-pandemic level of 838 if the current growth rate continues, energy analytics and software company Enverus said June 2. Oil-directed plays lost three rigs, leaving 640, while rigs chasing natural gas

UK-based battery developer Britishvolt has partnered with Sunbelt Rentals to support the development of its first full-scale 38 GWh battery gigafactory in Northumberland, as well as to develop heavy plant and equipment battery solutions, Britishvolt said June 1. Under the long-term strategic partnership, the two companies will operate an onsite rental facility at the gigafactory.

The European Hydrogen Backbone initiative has identified more than enough renewable hydrogen supply that is planned to come online by 2030 to meet the EU’s domestic production goals. The EHB, a group of 31 energy infrastructure operators, said in a May 31 report it had identified 12 million mt/year of EU green hydrogen production that

Shanghai, China’s largest city, reopened for business on June 1 after a two-month COVID-19 lockdown, with most construction sites resuming operations, and steel warehouses reopening for cargo pickup, market sources in Shanghai told S&P Global Commodity Insights. However, the city rebar demand may take some time to fully recover, the sources added. People in Shanghai

NYMEX front-month natural gas futures May 31 picked up where they left off before the long holiday weekend by tumbling to start the abbreviated trading week. At the end of trading, the NYMEX July 2022 gas futures contract lost 58.2 cents to close at $8.145/MMBtu. The downside action in prices stemmed from a bearish June

The Fair Cobalt Alliance is aiming to raise $20 million by 2025 to help develop a responsible and fair supply of artisanally-mined cobalt in the Democratic Republic of Congo to harness the potential of this sector, with industry needing to back up its words with financial commitment, David Sturmes, the alliance’s Corporate Engagement and Strategic

Shell Australia Pty Ltd and its joint venture partner, SGH Energy, have sanctioned the development of the Crux natural gas field, off the coast of Western Australia, to boost gas supply to Australia Prelude LNG, Shell said in a statement on May 30. The Crux field lies in the Commonwealth marine waters in the northern