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Hydro, Porsche sign agreement for green aluminium in auto industry’s latest effort to decarbonize
Norway-based aluminium producer Hydro and German car manufacturer Porsche signed a long-term agreement on Tuesday July 9 for supply of low-carbon aluminium to further decarbonize the supply chain of Porsche’s sports cars. The agreement follows the letter of intent signed in April
July 11, 2024
·
By Yasemin Esmen
Insights
Automotive sector benefitted from USMCA amid pivot toward zero-emission, hybrid vehicles: USTR
The United States-Mexico-Canada Agreement (USMCA) has positively affected the automotive sector in the four years since its implementation and automakers are increasingly investing in zero-emission and hybrid vehicles, according to the US Trade Representative (USTR)
July 3, 2024
·
By Alesha Alkaff
Insights
Battery raw material price volatility spurs holistic hedging strategies, industry experts say
Heightened price volatility observed in many energy metals underpinning the energy transition, including lithium and cobalt, has encouraged the deployment of a variety of hedging strategies, including the increased use of financial tools, industry participants have told Fastmarkets.
July 2, 2024
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By Dalila Ouerghi
Insights
BASF to cancel $2.6 billion nickel-cobalt refining project in Indonesia
German chemical producer BASF announced on Monday June 24 that it will exit a $2.6 billion investment in a nickel-cobalt refining project in Weda Bay, Indonesia due to significant changes in the nickel market since the inception of the project
June 26, 2024
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By Sybil Pan
Insights
New ARZYZ FRP project opportunity for Mexico to depend less on imports
Mexican secondary aluminium alloy smelter and distributor of primary metals ARZYZ Metals expects that the company’s new project to produce domestic flat-rolled products (FRP) will reduce Mexico's dependence on imports, a press officer told Fastmarkets on Monday June 24
June 26, 2024
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By Leticia Simionato
Insights
BMW opens first US press shop at South Carolina plant where it will manufacture EVs
The German auto-manufacturer BMW opened its first press shop in North America at its plant in Spartanburg, South Carolina, where it will produce the exterior for its X3 model, the company announced on Friday June 21
June 25, 2024
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By Yasemin Esmen
Insights
US housing market analysis: Are we in the midst of an affordability crisis?
Are fluctuating raw material costs worsening the US housing affordability crisis? Urgent action is needed to preserve homebuying opportunities, as explored by the Fastmarkets team
June 20, 2024
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By the Fastmarkets team
Insights
China mulls easing restrictions on black mass imports: sources
Chinese authorities are in the process of considering relaxing restrictions on the import of some specifications of black mass to the country, sources said
June 20, 2024
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By Lee Allen, the Fastmarkets team
Insights
Containerboard prices rise in Mexico despite market negativity in June
Discover how Mexico's containerboard prices are defying market expectations and starting to rise, offering insights into the global packaging industry's dynamics. What could this mean for the industry?
June 19, 2024
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By Marina Faleiros
Insights
Proposed EC tariffs on Chinese EV imports alone insufficient to boost European production, sources say
Aluminium and lithium market participants told Fastmarkets the European Commission’s provisional additional duties on Chinese electric vehicles (EVs) are supportive for production but they were not convinced they would be enough to reverse the fortunes of the weakening domestic European auto market
June 17, 2024
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By Callum Perry, Imogen Dudman
Insights
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