Yasemin Sim Esmen

3 weeks ago | fastmarkets.com | Yasemin Sim Esmen |David Bartle

There are expectations among market participants that the 25% tariff imposed by United States President Donald Trump on imports of steel and aluminium from all countries, which kicked in on March 12, will impact industries that are reliant on aluminium, ranging from food packaging to aerospace, sources told Fastmarkets. “Whether you are an extruder or a sheet products producer, [you will be affected]. The tariff, as we all know, ends up being imposed in the cost of the metal.

1 month ago | fastmarkets.com | Yasemin Sim Esmen

The lack of clarity and frequent changes to tariffs on aluminium imports from Canada has caused the US primary aluminium spot market to nearly come to a halt, with buyers and sellers equally trying to avoid transactions, market participants told Fastmarkets.

Nov 27, 2024 | fastmarkets.com | Yasemin Sim Esmen

In a social media post on Monday November 25 — three days before the Thanksgiving break that marks the start of the US holiday season, during which trade activity slows — Trump said he would impose an additional 10% tariff on goods from China, as well as 25% tariffs on all products from Canada and Mexico. The news was received with caution by analysts and aluminium industry participants, who told Fastmarkets that these tariffs would be detrimental to the US industry, which they aim to protect.

Nov 26, 2024 | fastmarkets.com | Yasemin Sim Esmen

The companies announced on Tuesday November 19 that they were combining in an all-stock merger to create “a leading lithium business.”The simplified corporate structure aligns North American Lithium (NAL) offtake economics and removes contractual complexities, while the unified ownership of NAL unlocks the potential for a significant brownfield expansion and the combined scale provides strategic flexibility to combine and optimize downstream strategies, according to the companies.

Nov 22, 2024 | fastmarkets.com | Yasemin Sim Esmen

Novonix signed a binding offtake agreement with automaker Stellantis on November 11. Under the agreement, Novonix will supply Stellantis’ cell manufacturing partners in North America with a minimum of 86,250 tonnes of a high-performance synthetic graphite material from its Riverside facility in Chattanooga, Tennessee, over six years, starting in 2026.