China’s Ministry Of Commerce Says It Will Roll Out More Measures To Support The Development Of The Automotive Aftermarket

BTR Agreement with Moroccan Government

According to public data, Indonesia has approved a quota of 145 million wet tons of nickel ore (for next three year), and it is understood that before that, the quota for nickel ore was approved once a year.

In the short term, there is an oversupply of lithium, leading to a decrease in the price of lithium carbonate and energy storage batteries. However, there is an expected increase in global new energy vehicle sales, which will drive up the demand for energy storage batteries. The global lithium carbonate production capacity is expected to exceed 2 million tons in 2024, leading to the risk of high-cost lithium production capacity being eliminated. In the short term, there may be a slowdown in downstream demand for lithium due to early reserve in power and energy storage industries, but with the recovery in demand, positive electrode material production is expected to increase. Additionally, events like early orders for positive electrode materials and the cancellation of futures contracts may impact the market in the short term, and market participants need to closely monitor these trends and take appropriate measures.

The International Aluminum Institute (IAI) has recently initiated a program aimed at enhancing transparency and accountability regarding greenhouse gas emissions within its global membership. This initiative involves the issuance of annual public reports on the industry's overall emissions, with member companies obligated to report their progress in reducing CO2 emissions at specific facilities on an annual basis.

The U.S. Congress has prohibited the Department of Defense from purchasing batteries from six Chinese companies, including CATL and BYD, effective October 2027, aiming to decouple from China's supply chain. This part of the 2024 National Defense Authorization Act doesn't affect commercial purchases, allowing companies like Ford and Tesla to continue their collaborations. The move is aligned with efforts under the Inflation Reduction Act to phase out subsidies for electric vehicles with Chinese battery components, signaling a strategic push towards bolstering domestic manufacturing and reducing dependency on China's leading position in the global lithium battery market.

In an enigmatic move within the ambit of the #FirstMoversCoalition, Ball Corporation and Novelis have seamlessly joined forces with Alcoa to unveil a distinctive edition of the Ball Aluminum Cup®.

To rejuvenate interest in the Bell Bay hydrogen hub, Australia's Federal Labor Government has allocated a substantial A$70 million, with the combined efforts of state government funding and private-sector contributions, amassing a total investment of A$300 million at the site.

The Aluminium Stewardship Initiative (ASI) has officially declared that Chongqing Millison Technologies Inc.

According to the Algerian ambassador to Malaysia, Abdelhafid Bounour, Lion Group plans to invest around US$ 6 billion (RM27.5 billion) in Algeria in alliance with Algeria's strategic vision of becoming the gateway to Africa and beyond.

On December 20, 2023, the Customs Tariff Commission of the State Council issued an announcement that, in order to fully, accurately, and comprehensively implement the new development philosophy, and to accelerate the formation of a new development pattern, as well as to better fulfill the important functions of tariffs in coordinating both domestic and international markets and resources, adjustments will be made to the import and export tariffs on certain goods, effective from January 1, 2024, in accordance with the "Regulations of the People's Republic of China on Import and Export Duties" and other relevant provisions.