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Countries’ targets for electric vehicle introduction seem on track despite expected slower growth in this area in 2023, Mike Finelli, president of growth initiatives at chemicals group Solvay, which is expanding in rare earths, said in a Jan. 27 interview. “There are both opportunities and challenges in batteries and EVs,” Finelli told S&P Global Commodity […]

A high-level group of advisers to Energy Secretary Jennifer Granholm has approved recommendations that the federal government lead efforts to plan an interconnected, interregional US transmission system to help spur the transition to more renewables. In a unanimous Jan. 24 vote, the Secretary of Energy Advisory Board, or SEAB, approved a number of budget recommendations

The Australian government’s proposal for carbon market reforms in early January has stoked buying interest for Australian Carbon Credit Units, or ACCUs, with prices surging by over 14% in the two weeks to Jan. 26, trade volumes hitting record levels and firms hoarding credits in anticipation of higher prices, traders, brokers and market participants told

With US demand for long-duration energy storage to balance power supplies increasing, Zinc8 Energy Solutions is building a battery manufacturing facility in Kingston, New York, and Form Energy is partnering with Xcel Energy on two multi-day energy storage projects in the Western US. New York Governor Kathy Hochul said Jan. 26 that Zinc8 Energy Solutions

Vessel oversupply in the Atlantic Basin has pushed Panamax freight rates to multiyear lows in January, despite robust growth in ton-mile demand for inbound coal shipments in Rotterdam fueled by lingering security of supply concerns and European sanctions on Russian coal. Freight performance so far in 2023 appears to have little in common with the

Three greenfield aluminum sheet rolling mills could join the US market over the next three years, and the new capacity may test the resiliency of North America’s aluminum scrap supply, according to industry experts. The new aluminum plants could cumulatively bring nearly 2 million mt of capacity online, and each mill is going to emphasize

French electrolyzer and hydrogen refueling station manufacturer McPhy grew its order book by over 50% in 2022, landing a contract for a low-carbon steel project in Germany and securing funding for its planned 1 GW/year Belfort factory, the company said in a statement late Jan. 24. Its firm order intake rose 53% to Eur29.4 million

The Mexican government is negotiating an agreement with a lithium mining company to avoid a legal confrontation, after the government nationalized the industry, President Andres Manuel Lopez Obrador said Jan. 24. The mining company obtained a mining permit to operate in the border state of Sonora from the previous administration, he said during his daily

The EU wants to delay the annual deadline for adjusted issuance of free EU carbon allowances by four months to account for the administrative work involved, according to a draft legal text of the revised Emissions Trading System directive released Jan. 24. The draft text said annual adjustments to free allocations of EUAs improved incentives

China’s primary aluminum imports from Russia rose for the sixth straight month in December 2022, while alumina exports also rose sharply, customs data showed Jan. 20. The trade numbers between the two countries assume significance as China’s total aluminum imports from global destinations dipped sharply in 2022. China’s primary aluminum imports fell 65.8% on the