More News

Palladium has experienced a dramatic decline of 64% since March 2022, a stark reversal from the 256% bull trend that began in August 2018.
In contrast to palladium's bearish trend, gold has been on the rise, reaching new record highs, including a brief peak at $2146 this month.
Palladium has shown signs of recovery with a 31% surge from its recent support level.

Metals producer Mitsubishi Materials purchased a stake in a startup working to build a smelter in Indiana. Meanwhile, the company unveiled plans to substantially increase its e-scrap recycling capacity in Japan.

Electric Hydrogen only offers one product: a standardised 100MW pre-fabricated green hydrogen plant, which integrates both the electrolysers and surrounding balance-of-plant equipment, such as water treatment and thermal management.

"You’ve probably read about the fact that we’re selling 1-ounce gold bars," Richard Galanti, the chief financial officer of the wholesale retailer, said Thursday evening. "We sold over $100 million of gold during the quarter."

Small ruthenium particles and a solar-powered system for water electrolysis can produce green hydrogen more efficiently and cheaply.

The fuel cell plant inaugurated by Symbio is the Group’s first gigafactory.

Acquisition adds smelting capability to serve spent automotive catalyst customers in Europe, Middle East and Africa. Complements ECMS recycling operations and global precious metal services. Broadens range of materials that can be processed by ECMS. Closing of transaction expected in early first quarter 2024.

The US Treasury’s guidance for clean H2 producers to claim the top $3/kg rate of the H2 production tax credit could be even stricter than EU regulations, based on details of a leaked draft reported in Politico and Bloomberg.

Spot gold prices rose to a record high above $2,100 per ounce before giving up some gains.

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.