More News

BNEF states 2023F installations ae 413GW, which is exactly double the installations in 2022. Silver consumption in solar has skyrocketed in 2023 to 288Moz, or 25% of global silver supply.

A US government agency has given investment firm TechMet Ltd. an additional $50 million to support the company’s focus on critical minerals.

Breakthrough Energy Catalyst announced its first project equity investment today in the form of a $75 million equity commitment to Infinium’s Project Roadrunner, subject to the satisfaction of certain closing conditions. Project Roadrunner will convert waste carbon dioxide (CO2) and renewable power into sustainable aviation fuel (SAF) and other low-carbon fuels. This first-of-a-kind commercial ...

CO2-free hydrogen: BASF receives funding approval for 54-megawatt water electrolysis plant

Department of Energy Security and Net Zero (DESNZ) minister Lord Martin Callanan acknowledged in an interview with Sky News over the weekend that hydrogen will not play a major role in home heating, adding: “There's no way that could be practically achieved”. “It is clear that the vast majority of decarbonisation of home heating in the UK will be electrification,” he explained.

November new-vehicle sales, when announced next week, are expected to show gains over last year's product-constrained market. According to the Cox Automotive forecast released today, sales volume is expected to rise 6.5% over November 2022 when the market was in the early stages of recovery from severe product shortages. The seasonally adjusted annual rate (SAAR), or sales pace, is expected to ...

After opening at $2035.10 in trading today gold futures surged to a high not seen for approximately the last year. As of 3:15 PM EST, the most active February 2024 contract has surged by $26.30 and is currently fixed at $2061.50.

BASF is taking advantage of the currently low interest rate environment in China and has signed a CNY 40 billion syndicated bank term loan facility with a maturity of 15 years for its new Verbund site in Zhanjiang. The new site is currently under construction in Guangdong province. The loan will be provided by major Chinese banks and offers flexible repayment options to optimize BASF’s cash ...

A vessel off the coast of Bilbao is now operating with an on-board ammonia cracker making pure hydrogen fuel to power its auxiliary services, in what the company behind the scheme claims is a “world first”.

“The lack of response [in the platinum price] is the elephant in the room that everyone is talking about,” he said. “During Covid and during the semi-conductor shortage automakers were not producing but they continued to take PGMs in terms of offtake agreements.”
This resulted in an estimated 1Moz in inventories held by automakers. Consequently, they modified their procurement strategies to run ...

Analyst: H2 Projects could be impacted.
The bombshell legal ruling cast doubt on Germany’s entire financing plans, including projects ranging from subsidies for chip and battery plants to sorely needed investment in the railway network. Senior officials have canceled some public appearances, clearing their calendars to deal with the upheaval.

The global semiconductor manufacturing industry is on track for recovery in the fourth quarter of 2023, setting the stage for continued growth in 2024, Semi and Techinsights predict. Q4 IC sales are expected to rise 4% sequentially as end demand improves and inventories normalize. Electronic sales are predicted to register a robust +22% QoQ increase in Q4 2023.

Global mined silver production is expected to fall 2% year-on-year to 820Moz in 2023, driven by lower output from operations in Mexico and Peru, according to The Silver Institute.

In the trial from late October through January, a specially modified van from Toyota's HiAce series is being used by local construction and security firms to confirm the vehicle's operability and durability on roads in the suburbs of Melbourne.

The business lost over $1.5 billion in value at the end of last week following a shocking announcement

Palladium prices have tumbled to five-year lows below $1,000 an ounce this week, hastening a retreat triggered by expectations of surpluses due to the rapid spread of electric vehicles and automakers choosing cheaper platinum for their autocatalysts.

A contract worker has died in a machinery accident at an underground precious metal mine in south-central Montana and work has temporarily stopped while the death is investigated, mine officials said.
The worker was preparing an area for future mining early Monday at the Stillwater Mine. He was bolting up wire panels to prevent falling rock when the accident happened, said Heather McDowell, a ...

Gold is trying to settle below the support at $1940.
Silver is moving lower amid a broad pullback in precious metals markets.
Platinum tested new lows while palladium settled below the key $1000 level.

Sibanye-Stillwater has spread its global net further afield after the $155.4m acquisition of a US metals recycling business Reldan, headquartered in Pennsylvania, who processed about 23 million pounds of e-waste and produced 145,000 Toz of gold, 1.9 Moz of silver, 22,000 Toz of palladium, 25,000 Toz of platinum, as well as 3.4 million pounds of copper.

As for palladium, the Reuters survey expects the price to average $1,250 an ounce in 2024, down from $1,369 in previous surveys. Palladium tumbled 40% so far this year, hitting five-week lows at $1,083.

For palladium, the poll forecast average prices of $1,250 an ounce in 2024 -- down from a forecast of $1,369 in the previous poll.
Palladium is down 38% so far this year and touched $1,083 last week, its five-year low, amid rapid rise of palladium-free electric vehicles and platinum for palladium substitution.