supplychain
In a unanimous decision, the US Senate has greenlit legislation to halt imports of Russian uranium, escalating efforts to disrupt Russia's activities amidst its ongoing conflict with Ukraine. The Prohibiting Russian Uranium Imports Act garnered unanimous consent in the Senate and now awaits President Joe Biden's signature to become law. The ban, expected to take effect within 90 days of enactment, is also poised to significantly impact the US market, given that the nation relies on imports to fulfill 100 percent of its annual uranium needs. According to 2023 data from the US Energy Information...
Investing News Network
Prices for Brent Crude and West Texas Intermediate trended higher during the first quarter of 2024, following a volatile 2023 which saw prices make broad fluctuations but end the year range bound at their start levels. Ongoing tensions stemming from the Russia-Ukraine conflict led to concerns about potential disruptions to global oil supplies, contributing price support. Global economic conditions, such as inflation concerns, monetary policy decisions, and geopolitical tensions in oil-producing regions, played a significant role in shaping oil price movements during the quarter with both bench...
Investing News Network
Industrial demand for silver rose to a new record high in 2023, coming in at 654.4 million ounces (Moz). The surge was fueled by significant advancements in green economy sectors, particularly photovoltaics (PV), where demand skyrocketed by 64 percent year-on-year to hit 195.3 Moz, surpassing previous estimates. PV is included in the electrical and electronics segment, which experienced demand growth of 20 percent year-on-year. According to the Silver Institute's latest World Silver Survey, other green energy applications, such as power grid construction and automotive electrification, contrib...
Investing News Network
Output from the top uranium-producing countries rose steadily for a decade, peaking at 63,207 metric tons (MT) in 2016. However, global uranium production has noticeably declined in the years since then. Decreased numbers across the world are related to the persistently low spot prices the uranium market has experienced in the wake of the Fukushima disaster; COVID-19 and Russia's war against Ukraine have also had an impact on output. Now uranium prices have begun to rebound significantly, buoyed by increasingly positive sentiment about the role of nuclear power in the energy transition, and in...
Investing News Network
Lithium prices remained subdued in the first quarter of 2024, well below highs set in late 2022 and 2023. Various factors, including oversupply and weak electric vehicle (EV) demand, kept prices muted over the 90 day period. Even as a market glut weighs on prices, Fastmarkets is forecasting that lithium supply will increase by 30 percent by the end of the year. The firm notes in a January report that some new supply is being ramped up, while some high-cost output is being cut — it remains to be seen how the current price environment will impact these plans. "Market participants expect downstre...
Investing News Network
Prices for several metals jumped this week as the London Metal Exchange (LME) banned metal produced in Russia from its system. The moratorium applies to material produced on or after April 13 of this year. The restrictions apply to copper, nickel and aluminum, and were passed down by the US Department of the Treasury and the British government on April 12. They are also in place for the Chicago Mercantile Exchange (CME). This move aims to curb financial flows that fuel Russia's military activities in Ukraine, which began in February 2022. According to Bloomberg, aluminum soared as much as 9.4 ...
Investing News Network
At the start of the year, experts were predicting that nickel prices would be rangebound in 2024. With the first quarter in the books, that story seems to largely be playing out. After opening the year at US$16,600 per metric ton (MT) on January 2, nickel was stable during January and February. However, March brought volatility to the sector, with strong gains pushing the base metal to a quarterly high of US$18,165 on March 13. Nickel's price rise failed to hold, and it once again dropped below the US$17,000 mark by the end of the month. Ultimately, the metal fell to US$16,565 on March 28, res...
Investing News Network
After a 2022 that saw lithium prices soar, the battery metal came crashing back down last year. Support for the industry and for electric vehicles (EVs) remains strong in the long term as global leaders strive to reduce emissions, but what does today's low price environment mean for the lithium market now? To find out, the Investing News Network (INN) spoke with experts about the lithium outlook for 2024. How did lithium perform in 2023?While lithium demand was significant in 2023, growth fell year-on-year as an economic slowdown affected EV demand, particularly in China. Additionally, the mar...
Investing News Network
2030年までのネイチャーポジティブ実現に向け、企業活動が自然や生物多様性に与えるリスクと機会を特定...
サステナブル・ブランド ジャパン
米国のNGOテキスタイルエクスチェンジと英国のレザーワーキンググループはこのほど、森林破壊を伴わない...
サステナブル・ブランド ジャパン
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら