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China electrical steel poised for green boost, but experts warn against overcapacity
Chinese steelmakers are strengthening their position as global leaders in electrical steel after China's introduction of new motor efficiency standards, but experts have warned that supply may soon outpace demand and that overcapacity in high-end electrical steel products could generate downward pressure on prices.
September 20, 2024
·
By Sam Li Xiaoyu
Insights
European automotive producers claim growing decarbonization pains and environment groups decry ‘self-serving stunts’
Europe's automakers are increasingly vocal about the challenges they face in meeting the EU's stringent decarbonization targets, citing growing concerns over economic uncertainty, consumer reluctance to adopt electric vehicles (EVs) and shrinking production margins.
September 17, 2024
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By Misha Simonovska
Insights
Global EV tariffs charge up trade debate
The move to place tariffs on electric vehicles (EVs) imported from China by many countries to varying degrees has resulted in changing trade flows and affected supply chains. Looking at the trade data however, not much has changed yet with EVs still arriving on European shores in volume.
September 13, 2024
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By Alexander Cook, Julienne Raboca, the Fastmarkets team
Insights
Global EV tariff tracker 2024: Exploring import duties and trade policies
Fastmarkets has compiled a unique, comprehensive overview of electric vehicle (EV) import duties across key markets, including policy announcements, illustrating the disparities and shifting approaches.
September 13, 2024
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By Julienne Raboca, Alexander Cook, Georgi Georgiev, the Fastmarkets team
Insights
Colombian steelmakers condition construction of new flat steel plant on adoption of trade defenses
Colombian steelmakers conditioned the viability of building the country's first flat steel plant on the adoption of trade defense measures against imports, the companies said on Friday, September 6.
September 11, 2024
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By Gabriela Brumatti, Ana Enis, the Fastmarkets team
Insights
Nickel outlook still bullish in North America despite slow EV growth, Electra says
The outlook for nickel in North America remained bullish, with battery capacity installed in electric passenger vehicles expected to grow sixfold between 2020 and 2035, Fastmarkets’ International Critical Minerals and Metals Summit heard on Friday September 6.
September 11, 2024
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By Sybil Pan
Insights
Samsung and GM finalize deal for EV batteries amid EV manufacture onshoring effort
While the United States government is incentivizing, through various programs, the onshoring of all steps of the electric vehicle production process in the country, US automakers have been turning to South Korean and Japanese battery producers to establish battery manufacturing joint ventures in the country, sources said
September 5, 2024
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By Yasemin Esmen
Insights
Ford takes the hybrid road | Hotter Commodities
Ford Motor Co has joined the line-up of automotive companies pumping the brakes on the production of electric vehicles (EVs) and opting to focus instead on hybrid models.
August 29, 2024
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By Andrea Hotter
Insights
European refined copper demand weak; German demand particularly challenged
Macroeconomic challenges are putting pressure on the copper industry in Europe, with German demand particularly weak, sources told Fastmarkets
August 27, 2024
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By Albert MacKenzie
Insights
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
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By Nina Hu
Insights
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