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Battery Materials: US to finance Redwood Materials with $2 billion
The US Department of Energy made a conditional commitment to Redwood Materials on Thursday for a low-cost $2 billion government loan to help build a $3.5 billion battery materials recycling and remanufacturing complex in Nevada. Energy Secretary Jennifer Granholm said...
Copper: exploration budgets increase
Total copper exploration budgets increased by 21% to just under USD 2.8 billion in 2022, the highest level since 2014. The increase was driven by the strong recovery in the price of copper after hitting multi-year lows at the start of the global pandemic. Copper...
Nickel: Trafigura suffers $577 million loss
Commodities trader Trafigura Group will incur an expense of almost half a billion dollars in the first half of 2023, after discovering that some nickel cargoes purchased did not contain the metal they were supposed to. The Geneva-based company said the 'systematic...
Wire rod steel: Italian market still stagnating
The Italian wire rod market is still stagnating that has continued over the past five months with some intermittent periods of recovery in demand. Economic stagnation and uncertainty are limiting domestic as well as import sales, with buyers talking of a significant...