Kirstyn Petras

2 months ago | fastmarkets.com | Carman Chew |Kirstyn Petras |Andrew Cole

Navigating the world of copper scrap trading requires a deep understanding of market dynamics, materials and price trends. With copper being a crucial component in industries ranging from construction to electronics, its scrap market plays a vital role in supporting global supply chains.  Whether you’re an established trader or just entering the industry, this article will ensure you’re equipped with the knowledge to make informed decisions this year.

Nov 11, 2024 | fastmarkets.com | Kirstyn Petras

The loan of up to $475 million includes up to $445 million of principal and up to $30 million in capitalized interest through the DOE Loan Program Office’s Advanced Technology Vehicles Manufacturing (AVTM) program. The loan is the first to be finalized for a lithium-ion battery recycling company, the DOE loan announcement stated, and is an increase of $100 million from when the loan commitment was first announced in 2022.

Nov 7, 2024 | fastmarkets.com | Kirstyn Petras |Chris Kavanagh |Dan Hilliard |Rijuta Dey Bera

American Iron and Steel Institute president and chief executive officer Kevin Dempsey said in the Wednesday November 6 statement that steel took center-stage during the election — and it should remain in the limelight throughout President Trump’s second term. “Steel has been front and center during the presidential campaign and we are confident the concerns of our industry and its workers will receive priority attention by the incoming Trump administration,” he said.

Nov 6, 2024 | fastmarkets.com | Kirstyn Petras |Rae Boyadjis

“The offtake agreement with Glencore will now include 100% of the MHP, in addition to the previous off-take rights for lithium carbonate, to establish a strong commercial framework for the Rochester Hub project,” Louie Diaz, Li-Cycle’s vice president of corporate affairs, told Fastmarkets on Thursday. Sources have been skeptical as to whether the Ontario-based battery recycler would be able to sell the material.

Nov 5, 2024 | fastmarkets.com | Kirstyn Petras

More than 4 million electric vehicles were sold in the US under the Biden administration, the DOE announcement stated. “[Demand for] EVs and stationary storage… [is] projected to increase the size of the lithium battery market five-to-ten-fold by the end of the decade, making US investments to accelerate the development of a resilient domestic supply chain for high-capacity batteries essential,” it said.