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The US Department of Energy Loan Programs Office finalized a term sheet and offer of a conditional commitment on Jan. 13 for a proposed loan of up to $700 million offered to Ioneer that will support the lithium asset developer’s advancement of its Rhyolite Ridge Lithium-Boron Project in Nevada. The DOE’s proposed loan will be […]

Asian demand for copper concentrates will likely be squeezed in the first quarter as several regional smelters undergo maintenance, while clean copper concentrate output is expected to lag consumption, placing downward pressure on treatment and refining charges. Major Japanese smelters will undergo maintenance in the first half of 2023, according to market sources. Daye Nonferrous

China’s carbon market development is expected to slow in 2023 as concerns about energy security and the reopening of the economy take precedence, but the tedious groundwork needed for long-term market evolution is expected to continue in the background, according to industry experts. What is important is that market participants in China now have a

Alcoa has reverted to using gas to fuel the powerhouse boilers at the Kwinana and Pinjarra alumina refineries in Western Australia following an increase in gas supply to the domestic gas market, according to a statement released by Alcoa Jan. 12. Alcoa said it had switched to using diesel on Jan. 6 as a temporary

The seaborne metallurgical coal market is entering Q1 2023 on a strong note amid growing hopes for easing trade between China and Australia and possibility of wet weather conditions in Queensland. The benchmark Platts premium low-volatile hard coking coal prices, basis FOB Australia, increased $24/mt, or 9%, quarter-on-quarter to $294.50/mt, while PLV CFR China was

South Korean refiners are expected to report stellar 2022 earnings when they release financial results in February, helped by strong oil products cracks and export margins last year. However, the global economic slowdown and a possible increase in Chinese supply would likely compel the industry to err on the side of caution in 2023. Limited

Steelmakers, having experienced at least eight months of weak margins may finally be seeing a light at the end of the tunnel come first-quarter 2023, driven by hopes of a near-term improvement in downstream demand. Underpinning these expectations are India’s removal of export duties for pellet mid-November, China’s abandonment of its zero-COVID policy and its

UK Steel has warned that government’s latest energy support scheme will put UK steel producers at a significant global disadvantage, in a statement released Jan. 9. The government announced Jan. 9 that energy intensive industries including producers of steel and other metals will receive a higher level of support under an updated Energy Bill Relief

Weaker iron and steel production in the EU have led to reduced demand for raw materials in the fourth quarter of 2022 and early 2023, particularly for high-grade iron ore and pellets, while coking coal demand was supported by strong energy prices through 2022 and trade restrictions on Russian coal, according to an analysis by

China is in no rush to buy thermal coal from Australia even after lifting the import ban, as the former still has enough options globally to meet its requirements, particularly for medium calorific value fuel, a senior analyst from the International Energy Agency told S&P Global Commodity Insights. While the Australian coal is competitive compared