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The European Parliament’s Committee on Environment, Public Health and Food Safety (ENVI) voted Feb. 9 in favor of the EU’s revised Emissions Trading System, which includes major carbon market reforms, pushing the bill closer to formal adoption. The ENVI committee said in a tweet that 57 voted for the ETS reform while 13 voted against […]

The startup of new steelmaking capacity and weaker construction activity could weigh on US sheet steel prices and keep them more rangebound in 2023, compared with the last two years, according to a panel discussion at the 2023 Tampa Steel conference in Florida. “2023 could be a return to a more boring environment,” said Timna

The metals industry has failed to address the impending undersupply of critical minerals arising from the global energy transition, according to speakers at the Investing in Africa Mining Indaba in Cape Town on Feb. 7. Panelists on the “COP27 Outcomes and Green Metals – demand boost, supply-side crunches and the way forward” panel spoke of

The EU’s Green Deal Industrial Plan must have an overall vision and provide a business case for investment in the continent comparable to the US Inflation Reduction Act to ensure low-carbon steel projects and other clean-tech investments take place, European Steel Association Eurofer said Feb. 1. The European Commission presented its Green Deal Industrial Plan

The threat posed by rising inflation to European renewable energy project development has receded, with mass abandonments avoided last year in part because investors accepted lower returns, lawyers from Bracewell LLP told a roundtable of journalists Jan. 31. In October 2022 the law firm said inflation and currency effects had squeezed Europe’s wind and solar

Asian ferromolybdenum prices hit a new peak of $94-$96/kg, the highest level since Platts Asia weekly pricing began, jumping $19.75/kg, or 26%, on the week, amid heightened demand from China and continued market tightness arising from supply disruptions. The S&P Global Commodity Insights Ferromolybdenum CIF Asia Weekly price moved up to a record $94/kg-$96/kg Feb.

The European Steel Association, or Eurofer, said Feb. 2 it is expecting a steeper fall in 2022 steel consumption figures after data from the third quarter that confirmed and deepened the negative trends seen in Q2, with consumption set to continue falling in 2023 although at a slower pace. In its latest economic and steel

Urgent action is needed over the next 24-month to create certainty for investors and financiers to make final investment decisions in near-zero emissions primary, or ore-based, steelmaking projects in the UK, according to the Energy Transitions Commission. The ETC released a report, “Unlocking the first wave of breakthrough steel investments in the UK” Feb. 1

The shift of US automobile production from internal combustion engine vehicles to electric vehicles in the coming decade will alter the design and makeup of many automobile parts, and these changes will present a significant growth opportunity for the domestic aluminum extrusion market, according to an executive with global aluminum producer Norsk Hydro. “When you

Electric vehicle sales in Europe’s largest passenger car markets increased to record highs in 2022, boosted by government incentives, although a number of countries will likely see subsidies for EVs being reduced or eliminated in 2023, which could have some downside risk. The reduction in subsidies comes at a time when battery metal prices are