Justin Yang

Feb 1, 2024 | fastmarkets.com | Solomon Cefai |Justin Yang |Zihao Li |Callum Perry

This will come with the transition to net-zero carbon emissions ramping-up and supplies of these materials being strained, and even despite the resulting licensing requirements and lower prices, they added. In particular, deep-sea mining projects will benefit from their scalability and the grade of the ores they extract, the companies said.

Jan 30, 2024 | fastmarkets.com | Justin Yang |Callum Perry |Lasse Sinikallas |Zihao Li

, and the lithium market more broadly, has experienced significant price volatility in the past year, with significant price declines. Fastmarkets assessed the spodumene min 6% Li20, spot price, cif China at $800-900 per tonne on Wednesday January 24, down from $800-950 per tonne on January 19 and down by nearly 89% year on year. As a result, participants, particularly consumers, are looking to restructure the basis for long-term contracts to guard against volatility in the future.

Jan 8, 2024 | fastmarkets.com | Justin Yang |Lasse Sinikallas |Hannah Zhao |Peter Malliris

You’re ready to plan for the year ahead, and want your business to be more competitive and strategic than ever. Whether you work in procurement, you’re a trader or the CEO of a company, you need a forward-looking view of the commodity markets and what 2024 holds. To help you get a better idea of how the next 12 months and beyond will look, we’ve put together several 2024 commodity market outlooks and previews across the agriculture, forest products and metals and mining spaces.

Dec 21, 2023 | fastmarkets.com | Solomon Cefai |Caroline Messecar |Justin Yang |Annie Su

China’s Ministry of Commerce has prohibited the export of rare earth magnet production technology and machinery by adding it to its list of Export Prohibited and Restricted Technologies, according to a statement released on Thursday December 21. Thursday’s announcement formalizes existing export restrictions on all rare earth magnet production technology and machinery that have been in place for many years, Fastmarkets understands.

Dec 18, 2023 | fastmarkets.com | Solomon Cefai |Caroline Messecar |Camila Jaramillo |Justin Yang

The Rare Earth Magnet Production Tax Credit Act would provide a $20-per-kilogram production tax credit for magnets that are manufactured in the US, and it would increase the credit to $30 per kg for magnets manufactured in the US whose components are produced, recycled or reclaimed domestically. Rare earth magnets are essential for the world’s net-zero transition through their use in the engines of electric vehicles and in offshore wind turbines. They also have important defense applications.