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Emirates Global Aluminum Begins Secondary Billet Production in the United States
Emirates Global Aluminum (EGA) announced the official start of production at its expanded Spectro Alloys recycling facility in Minnesota, marking the start of Phase 1 of secondary aluminum billet production. The announcement was made on Wednesday, July 9. The facility...
Oil Prices Rise: Weekly Increase of 3% Driven by New Sanctions on Russian Crude
Crude oil prices rose by around 3% last week, marking their second consecutive weekly gain and reaching a two-week high. The move was triggered by Western nations' proposal to reduce the price cap on Russian oil. This measure is part of a broader package of economic...
Black Mass: Prices Steady in South Korea, Slight Downward Pressure in Southeast Asia
Maritime payments for nickel-cobalt-manganese (NCM) battery black mass destined for South Korea remained stable in the week ending Wednesday, July 9, while those to Southeast Asia showed a slight weakening, according to market sources contacted by Commodity Evolution....
ADC12 Prices Steady in China Despite Automotive Sector Weakness
Spot prices for ADC12 secondary aluminum in China remained unchanged in the week ending Wednesday, July 9, according to Commodity Evolution, amid limited liquidity and weak demand from the traditional automotive sector. Despite an overall recovery in passenger car...