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The European Commission is set to propose an updated European Union steel import safeguards regime later this month, with a view to effecting any changes in July, the EC said May 11. “The review is still ongoing and should be concluded and adopted in time for any changes to apply as of 1 July 2022,” […]

The US Commerce Department and the Malaysian Ministry of International Trade and Industry have signed a memorandum of cooperation to strengthen semiconductor supply chain resiliency and promote sustainable growth amid an ongoing chip shortage that has disrupted production in the automotive industry and other sectors, the agencies said May 11. The agreement was arranged between

China’s new energy vehicle production and sales both fell sharply in April, posting double-digit declines as the country’s automotive industry took a blow from COVID-19 lockdowns . China’s NEV production in April fell 33% month on month to 312,000 units, while sales in the same month fell 38.3% to 299,000 units, China Association of Automobile

More than 700 million mt of copper will need to be mined in the next 22 years to maintain 3.5% GDP growth, without taking into account the electrification of the global economy, which is the same volume of copper ever mined, Ivanhoe Mines Founder & Co-Chair Robert Friedland told the Investing in African Mining Indaba

The European Commission (EC) plans to impose definitive anti-dumping duties on imports into the European Union of hot-dip galvanized steel coils from Russia and Turkey, following an investigation into alleged dumping, according to a May 10 Commission document sent to interested parties. The Commission said in the general disclosure document seen by S&P Global Commodity

A lack of consensus appeared in the voluntary carbon market over the week of May 4-11 on the premium of popular Reduction of emissions from deforestation and forest degradation projects, or REDD+ with high Sustainable Development Goals like Rimba Raya, Southern Cardamom, Kariba and Envira, which has so far seen significant premium to other REDD+

Kabanga Nickel is accelerating work on its “development-ready” nickel sulfide deposit in western Tanzania, now planned to start production Q4 2025 or Q1 2026 to coincide with an “inflection point” foreseen in electric vehicle manufacturing, according to the UK-registered private company’s CEO. The project was sold by previous owners Barrick Gold and Glencore to the

European refiners are ramping up runs, boosted by strong distillate and gasoline cracks and a dearth of diesel supply, despite the high natural gas and hydrogen costs. According to S&P Global Commodity Insights, benchmark refining margins in Europe are robust amid very strong distillate and gasoline cracks. ARA gasoline and ULSD cracks reached $26/b and

New energy vehicle sales in China are expected to keep a healthy pace in 2022, even as automakers raised NEV prices and COVID-19 outbreaks disrupted production at major factories, industries sources told S&P Global Commodity Insights. A sharp spike in China’s COVID-19 cases from February caused supply shortages and weak production, leading to a month-on-month

Thermal coal exports rose to a one-year high of 3.4 million mt in March amid disrupted global trade flows after Russia’s invasion of Ukraine, US Census Bureau data showed May 5. The volume was 19.4% higher than the previous month but 9.8% lower than the year-ago month. On a year-to-date basis, thermal exports were 32.9%