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LFP Batteries, POSCO Future M Signs With SK On: An $822 Million Agreement And Integration With Argentine Lithium
POSCO Future M has signed a 1.1 trillion won agreement, equivalent to approximately $822 million, to supply lithium iron phosphate (LFP) cathode active material to SK On. The contract, announced on October 6, covers 2027-2029 and includes an option for a further...
US Aluminium, Midwest Premium Falls As Weak Demand And Uncertainty Restrain Buying
The US primary aluminium premium has broken its recent period of stability. The P1020 premium, delivered duty paid in the Midwest, fell to 105-108 cents per pound on October 6, compared with 109-111 cents on September 29. The decline reflects a market in which softer...
Assofermet, Metals Competitiveness Under Pressure As Geopolitics, Energy And CBAM Reshape Procurement
Tariffs, geopolitical tensions, energy costs and new trade barriers are changing operating conditions for Italian steel and metals companies. The challenge involves not only the purchase price of raw materials, but also knowing the final cost, receiving supplies on...
Freight Markets, Red Sea Return Eases Europe-Bound Rates As Bunker Prices Hold And Transpacific Costs Stay High
The gradual return of container ships to the Red Sea is helping increase available capacity on Asia-Europe routes, accompanying the decline in freight rates that began in mid-July. Shorter sailing times are providing relief, while geopolitical tensions, port...