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Most near-term scrap contracts on the London Metal Exchange saw losses over the week to March 31, while the trading volumes increased on week. The S&P Global Commodity Insights Platts assessment for the March contract was stable at $639.50/mt on March 31, while the April contract lost $24.75/mt to $645.25/mt. The May contract dropped $19.75/mt […]

After market consultation, S&P Global Commodity Insights will be publishing only the midpoints of all its Asian steel and scrap price assessments in order to focus on the assessment close value, with effect from July 1, 2022. Under this change, high and low price points will be discontinued (symbol high bate and low bate). For

Sentiment for finished steel prices has continued to improve in the US in April, with US steelmakers announcing price increases as raw material prices continue to rise following Russia’s invasion of Ukraine, along with rising transportation and fuel costs, according to the latest S&P Global Commodity Insights US steel market participant survey. In the survey

The US’ battery and electric vehicle industries will face major lithium hydroxide supply shortfalls by the middle of the decade as the buildout of domestic battery-making capacity outpaces reliable raw material production growth in North America, Piedmont Lithium CEO Keith Phillips said March 30. “If you look at [domestic] lithium hydroxide supply by 2025, you

China has been making inroads into hydrogen for several years through various sectors such as equipment manufacturing and fuel cell vehicles, and it published its first ever national level hydrogen industry development plan for the 2021-35 period on March 23. The plan lays out China’s strategic view of the hydrogen sector based on economic viability

With the sheer volume of battery terawatt-hours required to transition the world away from fossil fuels, it is going to require both increased mining and advances in battery recycling to meet demand, a panel of battery industry researchers and executives said March 29. A complete transition to electric transportation will require on the order of

Russia’s steel demand may slump 30%, or 13 million mt, year on year in 2022, Russian steelmakers association Russkaya Stal wrote in a letter addressed to the First Deputy Prime Minister Andrey Belousov. “Ferrous metals producers in Russia are facing a significant decrease in domestic demand for their products, which, among other things, is owed

UK-based electric vehicle battery maker Britishvolt has signed a deal with Indonesian conglomerate Bakrie & Brothers’ VKTR division to jointly develop sustainable nickel sulfate supply from Indonesia for Britishvolt’s gigafactory in Blyth, Northumberland, the company said March 29. The two companies have signed a memorandum of understanding for a joint venture called Indovolt BV VKTR

Near-term scrap and rebar futures contracts on the London Metal Exchange saw strong gains over the week to March 24, while the trading volumes dipped on the week. March contract was up $15/mt at $639.50/mt on March 24, while the April contract gained $32.50/mt to $670/mt, according to Platts assessments from S&P Global Commodity Insights.

The Qatar-based Global Carbon Council’s foray into the voluntary carbon market fanned expectations of more credit issuances in the coming months, with the new standard emerging as an alternative for renewable energy credits. Several project developers and traders pinned their hopes on GCC — in a market dominated by traditional carbon project certifiers Gold Standard