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TSMC Arizona to receive $6.6 billion funding under CHIPS for three semiconductor fabs
The United States Department of Commerce and TSMC Arizona, a subsidiary of the Taiwan Semiconductor Manufacturing Company Limited (TSMC), have signed a non-binding preliminary memorandum of terms (PMT) for direct funding under the CHIPS and Science Act, Commerce announced on Monday April 8
April 9, 2024
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By Yasemin Esmen
Insights
China’s manufacturing sector tipped to lead steel demand, overtaking sluggish construction sector
China’s manufacturing sector is overtaking its construction sector in driving the country’s demand for steel, in a shift that is expected to benefit flat steel products more than long steel ones, an industry expert said at a recent industry conference.
April 5, 2024
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By Zihuan Pan
Insights
Latin American food exports start to improve after weak 2023, supporting packaging demand
After reporting weak export volumes throughout 2023 as a result of the economic recession affecting important global markets, the latest food export statistics from Latin American countries are bringing relief for corrugated packaging producers in the region, sources told Fastmarkets. Interested in the latest developments and trends in the paper packaging industry? Speak to our team […]
April 3, 2024
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By Marina Faleiros
Insights
Chile lays out lithium policy details | Hotter Commodities
Chile’s government has laid out its plan to significantly boost the country’s lithium production, opening up 26 lithium salt flats for private investment and naming the Atacama and Maricunga salt flats as strategic to the state.
March 28, 2024
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By Andrea Hotter
Insights
US housing market: Single-family starts heat up in February
U.S. housing starts in February posted a double-digit percentage increase month-over-month as construction picked up following a weather-related lull in January. Want to predict the future of the lumber market? Learn more about our short-term and long-term forecasts and asset analysis for the global forest products market today. Learn more. The Census Bureau reported total U.S. starts at […]
March 28, 2024
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By the Fastmarkets team
Insights
China’s manufacturing sector tipped to lead steel demand, overtaking sluggish construction sector
China’s manufacturing sector is overtaking its construction sector in driving the country’s demand for steel, in a shift that is expected to benefit flat steel products more than long steel ones, an industry expert said at an industry conference on Friday March 22
March 26, 2024
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By Zihuan Pan
Insights
US aluminium, copper industries to receive $900 mln from Energy Department program to cut emissions
The US Department of Energy selected five base metals projects to receive more than $900 million in federal investment from its Industrial Demonstration Program (IDP), leading to a reduction of four million tonnes of carbon dioxide emissions annually, according to a statement by the Department on Monday March 25
March 26, 2024
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By Yasemin Esmen
Insights
China’s new 2027 “green construction” target to boost domestic steel decarbonization
China's National Development and Reform Commission (NDRC) has set a target for the building of green and low-carbon high quality buildings from 2027 to make significant improvements in energy-saving and carbon emission reduction in the construction sector, it said in a notice on Friday March 15 2024
March 25, 2024
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By the Fastmarkets team, Alice Li, Jessica Zong
Insights
Should India ‘heavily subsidize’ metals firms to insulate from Western trade barriers?
Western governments are increasingly implementing policies to protect their local metal-producing industries from rival products made in the developing world, but how should eastern lawmakers and companies respond to these moves?
March 22, 2024
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By the Fastmarkets team, Lee Allen, Aameer Sayed
Insights
Mercedes-Benz inks green steel supply deal with Nucor
Mercedes-Benz has signed its second deal with a major US steel producer to supply greener steel in hopes of reaching decarbonization goals by the year 2039, the German automaker announced on Wednesday March 20
March 20, 2024
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By Mark Burgess
Insights
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