RSS News

Russia will increasingly use barter and specific currency transactions for energy supplies, an S&P Global Commodity Insights analyst said May 24, as a default looms for billions of dollars in foreign currency reserves if the US allows a key waiver to expire May 25. “Ultimately, Russia is likely to see its financial system backed by […]

Market opportunities are emerging for copper and aluminum product recycling, due to growing demand for copper and aluminum metal overall, according to speakers at the International Recycling Bureau (BIR) conference in Barcelona this week. Of the 14 million mt of secondary copper generated annually on a global basis, only 9 million mt/year are currently recycled,

Scrap metal prices may now be bottoming out following recent high volatility, the president of the Bureau of International Recycling, Tom Bird, said during a press briefing May 22 at the start of a BIR congress in Barcelona. Prices rose dramatically as a result of Russia’s invasion of Ukraine Feb. 24, on fears of a

Spot natural gas prices across the desert southwest could be in for an early summer rally in late May as temperatures at the Southern California border, in Las Vegas and Phoenix top 100 degrees Fahrenheit, likely fueling a surge in cooling demand across the region, according to current forecasts. Temperatures across the Southwest and even

Near-term scrap futures contracts on the London Metal Exchange saw losses over the week to May 19, while trading volumes also decreased dropped. Platts, part of S&P Global Commodity Insights, assessed the May contract down $2/mt on the week at $480.50/mt May 19. The June contract fell $18.50/mt to $451/mt, July lost $9/mt to $455/mt,

China’s manufacturing activity, especially in the country’s economic hub of Shanghai and nearby areas, has been showing recovery signs since mid-May. However, the pace of recovery has remained slow so far and steel demand from the sector is likely to stay lackluster until manufacturing production could return to normal in June. China’s manufacturing production index

Indonesian coal miners want to increase their production targets for the current year, a senior Indonesian government official said, encouraged by the robust 2021 and first quarter 2022 financial performances. “Some companies submitted their revised work plans and budget for 2022,” Lana Saria, director of coal business development at Indonesia’s Directorate General of Mineral and

SQM is expecting to announce another expansion of its lithium operations in northern Chile as it rushes to keep up with booming demand for the mineral, CEO Ricardo Ramos told analysts May 19. “Just wait a little bit and we will inform you if we have opportunities to move forward … I am sure given

The European Commission will look to create an EU-wide gas demand reduction plan that could be implemented in the event of a full disruption in the supply of Russian gas, it said May 18. As part of measures proposed to help the EU wean itself off Russian fossil fuels, the EC also said additional gas

Citing an urgent need to halt global emissions in the next three years, spur investment and build a new energy system, the Green Hydrogen Organization launched the green hydrogen standard at an industry event May 17. The standard defines green hydrogen as hydrogen produced through the electrolysis of water with 100%, or near 100%, renewable