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Albemarle and its customers are continuing to shift towards long-term and variable price lithium contract structures as the market adjusts to concerns of higher prices and long-term supply, company executives said May 5. “With the significant commitment that automotive manufacturers are making towards electric vehicles and the excitement that brings with it, there’s a concern […]

The Czech Republic’s heavy plate re-roller Vitkovice Steel has notified its customers that it will pause deliveries due to impacts from the EU’s April 8 sanctions against Russia, according to a letter sent by the mill to its customers early in the week and seen by S&P Global Commodity Insights. The sanctions, announced by the

Bullish sentiment for finished steel prices cools in the US ahead of May, as concerns around the sourcing of raw materials have started to dissipate and scrap prices have fallen under pressure, according to the latest S&P Global Commodity Insights US steel market participant survey. Buyers are still facing higher transportation costs and logistical bottlenecks.

The Singapore fuel oil market is expected to hold firm both in low- and high-sulfur grades in the May 4-6 trading week due to tight supply. Singapore marine fuel 0.5%S is expected to see a similar volume of arbitrage cargo flow to the West with the European market also experiencing supply tightness. High sulfur fuel

Livent unveiled a slate of production expansion projects across its global operations May 3 that could increase total lithium hydroxide capacity to 55,000 mt/year by the end of 2025 and its lithium carbonate capacity to 100,000 mt/year by the end of 2030. The lithium carbonate projects are focused on Livent’s existing operation in Argentina, which

Williams plans to move forward with its Texas to Louisiana Energy Pathway natural gas expansion project after securing sufficient long-term transportation commitments, company executives said in a May 3 earnings call. The 364 MMcf/d expansion project on the Transcontinental Pipeline will primarily serve burgeoning LNG export demand along the Gulf Coast. Williams is anticipating the

The successful implementation of targeted trade enforcement on common alloy aluminum sheet since 2021 has reduced unfairly traded imports in the US and has encouraged the domestic aluminum industry to invest in capacity expansion, the Aluminum Association said May 3. “We are gratified to see, once again, that targeted trade enforcement works,” Aluminum Association CEO

Russia’s alumina imports from China rose sharply in March as the country sought to replace its two major suppliers Australia and Ukraine, which made up over two-thirds of its alumina inflows a year ago. Russia purchased 9,950 mt of alumina from China in March, up from just 105 mt in the same period a year

The US Environmental Protection Agency April 29 issued an emergency fuel waiver to allow summertime sales of a gasoline blend containing 15% ethanol, making good on President Joe Biden’s promise to ensure nationwide access to the fuel as part of efforts to ease pain at the pump. Without the waiver, a summertime halt in sales

Buyers across Asia were interested in purchasing discounted thermal coal from Russia, but a suitable payment mechanism continues to deter them from doing so, market sources said April 29. The issues surrounding payments stem from numerous sanctions placed against Russia after its invasion of Ukraine in March, and logistics have similarly been affected, making it