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Nov 7, 2024 | 
fastmarkets.com | Alexander Cook
Cobalt market participants fear President-elect Trump could walk back EV legislature and impose stricter tariffs on Chinese-origin cobalt metal and EVs.The Inflation Reduction Act (IRA) is a key piece of legislature that was signed into law by President Joe Biden, helping to bring an estimated $312 billion of planned and provided investment into US EVs and EV manufacturing.
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Oct 29, 2024 | 
fastmarkets.com | Alexander Cook
CMOC Group produced 84,722 tonnes of cobalt in the first nine months of the year, according to the financial report published on Tuesday October 29, up by 127.39% from the same period last year and far above the 60,000-70,000 tonne guidance forecast for 2024. With cobalt primarily found as a by-product within some copper and nickel mines, a high copper price this year has incentivized copper production and subsequently cobalt production to ramp up.
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Mar 20, 2024 | 
metalbulletin.com | Alexander Cook
Welcome to Fastmarkets MB now incorporating Steel First All Steel First prices, news and market analysis can be found here on www.metalbulletin.com <![endif]--><![endif]--> An increase in Chinese exports of cobalt metal against a backdrop of dampening demand in the near term has altered the cobalt metal landscape in Europe. ... March 20, 2024 13:47 GMT London...
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Mar 8, 2024 | 
metalbulletin.com | Jon Stibbs |Alexander Cook
Welcome to Fastmarkets MB now incorporating Steel First All Steel First prices, news and market analysis can be found here on www.metalbulletin.com <![endif]--><![endif]--> After a consultation period, Fastmarkets has amended the MB-CO-0004 cobalt alloy grade and MB-CO-0005 cobalt standard grade prices. ... March 08, 2024 17:23 GMT London Download the latest Daily and Magazine....
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Feb 2, 2024 | 
fastmarkets.com | Yasemin Sim Esmen |Ruby Liu |Boris Mikanikrezai |Alexander Cook
“I like the trajectory for aluminium right now, much more than I did even two years ago,” Fisher said. The UN has called for the need to reduce greenhouse gas emissions by 45% by 2030, and reach net-zero emissions by 2050, to keep global warming to “no more than 1.5°C – as called for in the Paris Agreement.”This, according to Fisher, is going to require companies to choose more sustainable supplies to manufacture their products, including low-carbon aluminium.
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Jan 30, 2024 | 
fastmarkets.com | Alexander Cook |Sybil Pan |Claire Patel-Campbell |Julia Bolotova
A ramp-up in cobalt hydroxide mined supply has led to a focus for producers to examine alternative pricing options to the traditional Rotterdam standard grade cobalt metal price as a basis reference. Alternatives have included the use of cobalt hydroxide payables, outright hydroxide prices and cobalt sulfate prices. Some producers have opted for a basket of such to mitigate risk.
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Jan 29, 2024 | 
fastmarkets.com | Sean Barry |Julia Bolotova |Alexander Cook |Shu Zheng
KD PP 3 1×12 rl: $525Random Lengths Board Composite: $874Random Lengths Inland Composite: $517For comments and queries, please send email to: [email protected]. For other Random Lengths Pricing Notices, please see: http://www.fastmarkets.com/about-us/methodology/pricing-noticesFor more information on Random Lengths assessment methodology, please see: http://www.fastmarkets.com/about-us/methodology
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Dec 14, 2023 | 
fastmarkets.com | Justin Yang |Alexander Cook |Solomon Cefai |Caroline Messecar
The US House of Representatives Select Committee on Strategic Competition between the US and Chinese Communist Party recommended congress to authorize the creation of a critical mineral “Resilient Resource Reserve,” it said in a report with around 150 policy recommendations published on Tuesday December 12.The adoption of such a reserve is intended to “insulate American producers from price volatility and (the People’s Republic of China’s) weaponization of its dominance in critical mineral...
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Dec 8, 2023 | 
fastmarkets.com | Andrea Hotter |Lee Allen |Zihao Li |Alexander Cook
Dale Henderson told Fastmarkets in a recent interview that the joint-venture team for the project, located in Gwangyang, South Korea, was currently busy in the build-out phase, intending to start to commission the first train soon. Next year, Henderson said, will be about more commissioning and ramp-up. Train 1 of the chemical facility is designed to produce 21,000 tonnes per year of lithium hydroxide when it reaches nameplate capacity.
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Dec 8, 2023 | 
fastmarkets.com | Lee Allen |Sean Barry |Zihao Li |Alexander Cook
The launch of daily inferred prices comes amid market demand to see the cost per-tonne of black mass units sold into both the Asian and European markets. Black mass is typically negotiated using the current spot payables and the average of the previous month’s underlying metal prices, according to market participants. Fastmarkets’ inferred prices for black mass will act as a daily indicator showing the value of the material based on the current spot payables and current day metal prices.
