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The lithium industry may be able to narrow the gap between tight supply and expanding market growth by 2030, even as demand forecasts continue to rise and analysts warn of a large deficit, Albemarle executives said Feb. 17. “I think you’re seeing that we’re getting through some of those growing pains,” CEO Kent Masters said […]

Electra Battery Materials expects global cobalt demand to climb 30% by 2025 despite ongoing trends in the electric vehicle industry to reduce cobalt content in batteries, the company said Feb.16. “The evolution towards lower cobalt content in the dominant EV batteries will be more than offset by larger battery packs and growing [EV] adoption rates,”

Global light duty electric vehicle sales reached a record high of 6.3 million units in 2021, up 102% year on year, with this number expected to rise to 26.8 million units in 2030, according to the latest analysis from S&P Global Platts Analytics. While EV sales more than doubled year on year in 2021, internal

While there has been a spotlight on possible supply shortages of battery cathode materials, such as lithium and cobalt, as battery demand grows, not as much attention has been paid to graphite, despite the anode material facing the same issues. Battery demand is mostly being boosted by rising electric vehicle demand, with S&P Global Platts

The US will take steps to support the domestic production and procurement of steel and aluminum made with lower-carbon methods as part of a slate of new initiatives that are aimed at boosting American leadership in “clean” manufacturing, the White House said Feb. 15. “The Biden-Harris administration is announcing new actions across agencies to support

Oil prices fell Feb. 15 as negotiations intensified to avoid an escalation in Ukraine, with Russia’s President Vladimir Putin holding talks with German counterpart Chancellor Olaf Scholz. Dated Brent was assessed by S&P Global Platts at $97.655/b, down $2.06, while American GulfCoast Select (AGS) was assessed at $93.48/b, down $3.42. The fall followed crude prices

ArcelorMittal Sourcing awarded a Goonyella Coking Coal tender to Glencore Feb. 15, at $440/mt FOB Australia, at 100.25% of Platts PLV FOB Australia QP March 2022, for 36,000 mt of Goonyella for March 1-10 laycan, on Panamax. The tender was the first cargo in the metallurgical coal market concluded between named counterparties, supported by S&P

US President Joe Biden ordered all US citizens to leave Ukraine Feb. 11 on warnings a Russian invasion could begin at any time, pushing crude price benchmarks closer to $100/b. Benchmark Dated Brent crude was assessed by S&P Global Platts at $97.835/b, up 41 cents, while WTI MEH was assessed up $3.22 at $94.50/b. Top

Partners at the prolific ExxonMobil-operated Stabroek Block offshore Guyana have begun production from their Liza Phase 2 development, using a second FPSO vessel called Liza Unity, ExxonMobil and Hess Corp. said separately Feb. 11. No information was immediately available on the initial volume of barrels produced. The Liza Unity, moored in water depths of around

Ecolant, a company of Russian steel pipe and railway wheel producer OMK owner Anatoly Sedykh, told S&P Global Platts it has broken ground on Rb150 billion ($2 billion) direct reduced iron (DRI)-fed 1.8 million mt/year EAF mill in Vyksa, Nizhniy Novgorod oblast, central Russia. The design, manufacture and installation of the main process equipment is