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Canada to impose 100% tariff on EV imports from China
Canada will impose 100% tariff on imports of China-made electric vehicles (EVs) starting October 1, Prime Minister Justin Trudeau said on Monday August 26. The country is also imposing a 25% tariff on steel and aluminium imports from China starting October 15.
August 27, 2024
·
By Nina Hu
Insights
Lithium weakness pushes Chinese producers to consider output cuts: sources
Several Chinese lithium producers are considering production cuts or complete suspension to mitigate losses from high costs amid the ongoing lithium price decline and muted demand, sources told Fastmarkets.
August 16, 2024
·
By Zihao Li
Insights
European automotive aluminium demand set to slow: Fastmarkets analysts
Fastmarkets analysts expect aluminium demand from European carmakers to slow this year, as consumer sentiment remains pessimistic and cautious
August 16, 2024
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By Sayaka Kurata
Insights
China EV sales overtake traditional autos for first time ever; Southeast Asia continues to push EV developments
Sales of new energy vehicles (NEVs) in China overtook more conventional auto sales for the first time ever in July, accounting for more than half of all units sold during the month, according to the latest data from the China Association of Automobile Manufacturers (CAAM)
August 14, 2024
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By Nina Hu
Insights
Slowing global demand for EVs hits South Korean battery producer revenues
Slowing global demand for electric vehicles (EVs) seriously dented the second-quarter revenues of South Korea's key battery producers, sources told Fastmarkets on Friday August 9
August 12, 2024
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By Zihao Li
Insights
Expectations for improved aluminium demand supported by automotive recovery
The automotive industry in Japan, a major contributor to aluminium demand, had been hit with a series of headwinds in the first half of 2024, hampering its long-anticipated recovery. But market participants still expect the automotive industry to support a recovery in aluminium demand
August 12, 2024
·
By Chay Chye Leng
Insights
Expectations for improved aluminium demand supported by automotive recovery
The automotive industry in Japan, a major contributor to aluminium demand, had been hit with a series of headwinds in the first half of 2024, hampering its long-anticipated recovery. But market participants still expect the automotive industry to support a recovery in aluminium demand.
August 8, 2024
·
By Chay Chye Leng
Insights
Powering the energy transition: Supply shortage of electrical steel could crimp energy transition movement
The green revolution is creating a surge in demand for electrical steel, a key component in both electric vehicles (EVs) and new home appliances
August 7, 2024
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By the Fastmarkets team
Insights
Graphite One partners with Lucid Motors for US domestic advanced graphite supply chain
Alaska-based Graphite One announced on Monday July 29 that it has entered into a non-binding supply agreement with California-headquartered EV maker Lucid Motors to advance its Graphite One Project mission of planning a complete US domestic supply chain for advanced graphite materials
August 1, 2024
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By Rae Boyadjis
Insights
BASF halts major recycling project in latest blow for Europe battery industry
Major chemical company BASF is pausing its plans to build a large refinery for battery recycling in Spain due to sluggish adoption of electric vehicles (EVs) in the EU, the firm said late last week
July 31, 2024
·
By Lee Allen
Insights
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