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Near-term scrap futures contracts on the London Metal Exchange saw strong losses over the week to April 21, while the trading volumes also dipped on the week. S&P Global Commodity Insights’ Platts assessed the April contract down $11/mt at $619.50/mt on April 21. The May contract lost $14.50/mt to $590/mt, while the June contract fell […]

Finnish company Stora Enso plans to start production of a sustainable bio-based carbon material made from lignin in the next 2-3 years and which would be able to replace graphite in a battery cell’s anode and help de-risk the global battery supply chain, SVP, Head of Lignode, Lauri Lehtonen, told S&P Global Commodity Insights. As

With roots in Germany’s industrial heartland dating back to 1865, chemicals giant BASF is readying itself for carbon neutrality. As it builds a foothold in the renewable energy space, the company is morphing from buyer to producer of green electricity. Boasting a market capitalization of nearly Eur47 billion, BASF makes products including fertilizers, industrial gases,

The cost of Direct Air Capture, or DAC, technology is expected to drop as low as $250-$300/mtCO2e by the end of this decade for a range of a multi-megaton capacity, Barbara Truyers, manager for strategic partnerships at Climeworks, told S&P Global Commodity Insights. Climeworks, which captures CO2 directly from the air, is a pioneer in

Russia’s state-controlled Gazprom aims to fill its domestic storage sites to a level of 72.662 Bcm ahead of the next winter season, which would represent an all-time high storage volume in Russia. In a statement late April 21, Gazprom said it would also increase its maximum gas storage withdrawal rate to 852.4 million cu m/d,

Norway-based aluminum producer Norsk Hydro plans to advance the recycling of post-consumer aluminum scrap (PCS) in the US market with its forthcoming plant in Cassopolis, Michigan, to align with demand trends in the region and further decarbonize its products for customers, CEO Hilde Merete Aasheim said April 21. “The plant in Cassopolis will be the

The photovoltaic (PV) cell market for solar energy panels continued to anchor a 9% year-over-year increase in global silver demand for industrial applications in 2021, and electric vehicles present an opportunity for further gains over the coming years, according to Metals Focus Managing Director Philip Newman. New global solar capacity installations totaled about 158 GW

Solar tracker manufacturer Nextracker has commissioned a new production line with JM Steel on the campus of Steel Dynamic’s newest steel mill in Texas as the company is putting a growing focus on sourcing low-carbon steel in the US and its own potential to help supply clean energy to the steel industry, Nextracker CEO Dan

Toronto-based Refuel Energy is planning to build a 3,000 b/d renewable fuel plant in southern Ontario, the company said in a statement. The facility named Refuel XYZ will make sustainable aviation fuel as well as renewable diesel for the region, as well as for export to the US Northeast, the company said in a statement

New passenger car registrations in the EU fell almost 21% year on year in March to 844,187 units, bringing the total sales for the first quarter to 2.2 million units, down 12% year on year, according to European Automobile Manufacturers Association (ACEA) data released April 20. The March volume was, however, up 17% from February