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Growing emphasis on the “rehabilitation” of shuttered mine sites, including the restoration of biodiversity, over the past five years is starting to weigh down miners’ balance sheets so much that governments increasingly need to play a supportive role, including with the purchase of closure bonds, a leading mining contractor told S&P Global Commodity Insights. Sites […]

This is an excerpt. For the full report, subscribe to Platts Dimensions Pro Companies in Africa are eying investments in refinery upgrades and building new plants to meet more stringent specifications that are gradually being enforced throughout the continent and to avoid closures, according to panelists at the ARDA conference in Cape Town March 13-17.

India is on course to announce the details of a national carbon market scheme in June, with each element of the market to be consulted and finalized before trading could start by 2025, Abhay Bakre, director general of the Bureau of Energy Efficiency, told S&P Global Commodity Insights March 16. BEE, an arm of India’s

The European Commission has expanded its list of critical minerals to include copper and manganese and has also launched a strategic minerals list to support the March 16 publication of its proposed Critical Raw Materials Act. The lists were published March 16 as an annex to the proposals for a European Parliament and Council regulation

The US oil and gas rig count increased by four to 843 on the week ended March 8, an analysis by S&P Global Commodity Insights showed, as the Permian and SCOOP-STACK each gained four rigs and natural gas-prone basins lost rigs or stood still. The two basins’ gains pushed the Permian to 362 rigs and

The US International Trade Commission said US metal imports have dropped and domestic steel and aluminum production has grown since various tariffs were imposed in 2018, but other factors besides the tariffs have also likely contributed to these trends, according to a report released March 15. “Overall, the data generally shows a decrease in imports

With Russian oil output proving resilient to sanctions, OPEC downgraded its estimate of how much crude it will need to pump to balance the market, despite increasing its forecast for Chinese demand. At its current production rate, more OPEC crude will not be required until the second half of the year, the secretariat said in

The sentiment for finished steel prices continued to shift higher for March as domestic flats mills have been successful in increasing offers as lead times continue to extend and some mills lacking material have pulled spot offers, the most recent S&P Global Commodity Insights US steel market participant survey showed. In the survey of US

Hydrogen Future Industries is closing in on $2/kg green hydrogen production, leveraging its proprietary wind power technology, HFI Energy Systems CEO Tim Blake told S&P Global Commodity Insights in an interview March 10. Blake, who joined the company having worked in wind turbine efficiency, said HFI’s demonstration-scale production was already cheaper than renewable hydrogen production

Trading exchange operator CME Group has launched a molybdenum oxide contract settled against the Molybdenum Oxide Daily Dealer (Global) futures contract provided by Platts, part of S&P Global Commodity Insights, with the first trade reported March 13. A contract for a 17 mt consignment of molybdenum oxide for the October 2023 to February 2024 strip