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...The cobalt market has been overwhelmed by a record glut as Chinese companies boost their output, with the surplus of the key electric car battery metal set to last until 2028, according to an influential...
...Australia’s Wyloo Metals is shutting down nickel mines in Western Australia, while BHP has said it is considering the closure of some nickel operations....
Pedal to the metal, balls to the wall, margins to the floor
...Electric arc plants use scrap steel, of which Britain has a surplus....
...“The international nickel price is forecast to stay relatively low through 2024, and likely for several years to come until the surplus of nickel in the market is corrected,” she added....
...Amplats, the industry leader which mines 40 per cent of the world’s PGMs, said on Monday that the palladium market would move into a surplus in 2025 as the automotive industry shifts to EVs after a deficit...
...Lithium miners are cutting costs and scaling back plans to expand production after slowing demand in China for electric vehicles crushed the price of the battery metal....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...Its nickel industry and the broader industrial sector have come under increasing pressure for using coal-fired power plants, even as Jakarta tries to position itself as an energy transition hub....
...“The demand for metals and materials is poised to surpass all prior estimates,” it said....
...Embattled metals magnate Sanjeev Gupta’s Liberty Steel was also given surplus emissions allowances for a steel mill in Wales that was idled this year....
...Investors feared that demand for the metal had peaked. Analysts have forecast the global market deficit of lithium will soon start to shrink....
...At a plant such as Tâmega, surplus electricity can be used to “charge” the reservoir, often during the daytime....
...Used in everything from buildings, beverage cans, solar panels, automobiles and aeroplanes, aluminium is often a proxy for industrial activity....
...In Brussels, fears of a wave of Chinese-made cars have led the European commission to probe Beijing’s industrial support as well as boost its own local subsidies....
...But northern Sweden has large amounts of surplus energy, which three separate companies are using to power an industrial renaissance....
...The second gallery features crushed metal sculptures mainly made in the 1960s and ’70s, mostly on loan from Dia....
...The US this month vowed to take action if China tried to ease its industrial overcapacity by dumping EVs and other cheap exports on international markets....
...The unusual angular design meant Tesla could make the Cybertruck’s roof from a single piece of metal, he said, rather than investing in an expensive stamping press....
...Gigacasting or megacasting, on the other hand, uses casting machines to force molten metal into moulds under high pressure to produce large aluminium body parts, such as the entire underside of a vehicle...
...But then you notice the discreet pedestals at each end of the installation, created by Los Angeles based PlayLab, Inc. Each showcases four “historiated sculptures” encased in glass....
...Goncalves was born in Brazil, trained as an engineer and has spent his entire career in metals and mining....
...Higher interest rates have made banks cautious about holding surplus supply of metal because of expensive financing costs, contributing to the dramatic “super-contango” structure where metal prices for immediate...
...Soon, sectors from cleaners and dockworkers to postal workers and metal-bashers had started sympathy action, stopping the company from unloading cars from boats or even receiving vehicle registration plates...
...Developed countries have long grizzled about Beijing’s industrial policy but for the EU the discrepancies gained urgency in 2022, when China booked a “historic” trade surplus with the bloc of nearly €400bn...
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