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• Term negotiations for 2023 cobalt challenging as China demand slumps, supplies surge
  Term negotiations for 2023 cobalt took a challenging turn for sellers following the severe decline in demand from China, which pressured prices and left the market well supplied ahead of next year's expected surplus. This, after 2022 was set to have been a boom year for the metal as it was expected to ride on […]
• Brazilian steel industry sees modest growth in 2023: Aço Brasil
  Steel producers in Brazil are expecting a modest expansion of production, sales, and apparent consumption in the country in 2023, following "excellent" years for the industry, according to Aço Brasil Institute. Brazilian crude steel production in 2023 is projected to rise 2% on year to 35.3 million mt. Sales volumes in the domestic market may […]
• Miners must focus on new exploration frontiers to secure supplies: Mines & Money
  Miners need to focus on new exploration frontiers if they are to secure sufficient mineral resources for metals-intensive energy transition, said participants at the Resourcing Tomorrow conference, formerly known as Mines and Money, in London Nov. 30. Pakistan, Saudi Arabia, sub-Saharan Africa, Myanmar and parts of Australia were highlighted as offering as yet untapped mineral […]
• Indonesia's nickel ore export ban, domestic processing requirements found violating WTO rules
  The World Trade Organization has ruled that Indonesia's export ban and domestic processing requirement on nickel ore violates WTO rules, according to a report released Nov. 30. The WTO's Dispute Settlement Body established a panel in February 2021 to examine whether Indonesia's imposition of the two measures prevent the export of nickel ore from Indonesia, […]
• Indian planning body proposes CCUS framework eyeing 750 mil mt/year CO2 capture by 2050
  Indian planning body NITI Aayog has proposed a carbon capture, use and storage policy involving clusters, a business model and financial incentives to help its adoption on a commercial scale, with the potential for India to reach 750 million mt/year of CCUS capacity by 2050. India, the world's third largest emitter of CO2, has a […]
• China's 2023 iron ore output seen higher as new projects come online: analyst
  China's iron ore output in 2023 is expected to rise 3.5% from the previous year to 238 million mt as miners commission new production capacity, an analyst with investment bank Orient Securities said Nov. 29, in a development that could help slightly cut back the country's huge iron ore purchases in the longer term. Miners […]
• Latin American polymers face logistics issues, lower prices in H1 2023
  Latin American polymer markets will remain key to US suppliers in the first half of 2023 amid strong competition from lower prices and plentiful supplies from Asia. Latin America's polyethylene prices typically inch up after US suppliers destock in the previous quarter. However, prices were not seen rising in Q1 2023 amid a combination of […]
• Egypt boosts LNG exports by 14% in 2022, more volumes go to Europe: minister
  Egypt will boost its LNG exports by 14% to 8 million mt/year in 2022, the country's petroleum and mineral resources minister said Nov. 27, as the North African producer seeks to plug a hole left by lower Russian imports into the European Union. About 90% of this year's LNG exports are heading to European Union […]
• INTERVIEW: Article 6.4 carbon crediting scheme not ready before 2024: IETA
  Andrea Bonzanni, international policy director at the International Emission Trading Association (IETA), followed negotiations at the 27th UN Climate Change Conference in Egypt on Article 6 of the Paris Agreement, overseeing carbon credit mechanisms. S&P Global Commodities Insights interviewed him on the main decisions made at the summit and the consequences that these have on […]
• Australia, UK critical minerals entities eye creation of integrated battery supply chain
  Opportunities may exist for Australia and the UK to establish an integrated battery supply chain to feed the electric vehicles sector, industry participants said Nov. 24. Such a chain could bypass China's current dominance of battery metals supplies, viewed as problematic in terms of pricing and environmental, social and governance criteria, which are increasingly important […]