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Metal scrap: AGSI aims to double consumption and increase UAE steelmaking capacity by 2025
UAE-based Arabian Gulf Steel Industries (AGSI) announced at the MEIS conference on 21 November that it intends to double scrap consumption by early 2025 and increase the country's steel capacity. Deepak Bhandari, the company's Chief Commercial Officer, said: 'AGSI...
US wants to exclude China from its battery supply chain
The Biden administration has unveiled a plan to exclude Chinese entities from the rich tax credits available for investment in the US electric vehicle (EV) supply chain. Both the bipartisan infrastructure bill, which allocated $6 billion in credits for batteries and...
Nickel sulphate: the London Metal Exchange studies a contract in view of increasing demand for EV batteries
The London Metal Exchange (LME) is studying a nickel sulphate contract in light of increased demand for the material in electric vehicle (EV) batteries. "We are continuously conducting analysis and market research. At the moment we are evaluating nickel sulphate and...
Steel: Over 96% of scrap for domestic production from circular economy comes from Italy and the EU
On the occasion of parliamentary questions at the Chamber of Deputies on 29 November, there was once again talk of ferrous scrap exports in relation to the needs of the national steel industry, which uses scrap as a raw material for steel production. ASSOFERMET, the...