RSS News

The London Metal Exchange said late March 9 it will allow members to perform nickel position transfers, even though nickel remains suspended from trading on the exchange following extreme price volatility. Allowing position transfers may reduce risk within the system, it said. “While nickel remains suspended from trading, the LME Group understands that a number […]

Alcoa has completed a $47 million infrastructure investment at its aluminum smelter in Deschambault, Quebec, that improves the plant’s efficiency and boosts its nameplate capacity by 27,000 mt/year, the company said March 9. “Through continuous improvement, we have been able to economically increase the capabilities of many of our assets, and this capital project at

Freeport LNG expects to build enough commercial support to green light a 5 million mt/year expansion at its Texas export facility by early 2023, as the energy crisis in Europe puts a new focus on security of supply, CEO Michael Smith said March 9. Challenges securing sufficient long-term contracts forced Freeport in recent years to

As a global industry, batteries are not only dealing with pandemic-related supply chain issues, but now also impacts from Russia’s invasion of Ukraine, making US energy independence a “ridiculous concept,” a public policy professor said March 9. “This is a global industry,” Morgan Bazilian, professor of public policy at Colorado School of Mines and Payne

Near-term scrap and rebar futures contracts on the London Metal Exchange jumped in the week to March 3, while the trading volumes also increased sharply on week. S&P Global Commodity Insights assessed the March contract up $100.50/mt to $605/mt on March 3. The April contract jumped $160/mt to $665/mt, while the May contract gained $121.50/mt

Some China-based producers and traders of nonferrous metals are seeking export opportunities after seaborne prices rose sharply due to the Russia-Ukraine conflict, while losses widened on imports, industry sources said March 4. Domestic Chinese prices of nonferrous metals, such as aluminum, alumina, copper, and nickel failed to keep up with rising seaborne prices following Russia’s

South African 5,500 kcal/kg NAR coal price has swung to premium for the first time ever against the prorated value in comparison to the 6,000 kcal/kg NAR as European demand for thermal coal creeps in amid disruption caused in importing Russian coal, sources told S&P Global Commodity Insights. The coal grade is typically priced at

The hydrogen technology company H2U has secured $11 million in funding to advance two electrolyzer technology developments that it says will help grow electrolysis to grid scale, the company said March 2. California-based H2U has designs for its Gramme 50 GS series PEM electrolyzer, which it describes as a “disruptive design” made to drive grid-scale

Russian mining and steel company Severstal said March 2 it has ceased shipments to the European Union due to the sanctions the bloc imposed on its majority shareholder as a consequence of Russia’s actions in Ukraine. The company is redirecting commodity flows to alternative markets “due to problems in interaction with European customers,” it said

South Korean steelmaker POSCO aims to spend Won 12 trillion ($9.95 billion) to boost its overseas crude steel production capacity to 23.1 million mt/year by 2030, a nearly fivefold spike from 5.1 million mt/year in 2021, the company said March 2. It named India, Indonesia and the US as growth areas, having determined “that the