Globalization Milestone Achieved! BTR Agreement with Moroccan Government

"Interpreting Global Nickel and Indonesia Stainless Steel Industries: Supply-Demand Dynamics and Outlook"Stainless Steel Industries**

During the survey period (April 30-May 6), the weekly output of rebar decreased and the output of wire rod increased at steel mills in central China this week. The total inventory of steel mills increased slightly, but the inventory trends of rebar and wire rod were differentiated. It is expected that the output of steel mills in central China will increase in the next period.

Last week, on April 25th, the UK government made a significant announcement regarding the Deposit Return Scheme (DRS) for drinks containers.

Overnight, the most-traded SHFE nickel contract opened at 130,850 yuan/mt, and closed at 132,590 yuan/mt, up 990 yuan/mt.

DMC prices in the online shopping mall of Shandong-based plants opened at 15,500 yuan/mt this week, down 300 yuan/mt WoW. Offers from leading DMC plants were 15,200 yuan/mt this week, down 1,300 yuan/mt, while those from other plants were 15,300 yuan/mt. Mainstream transaction prices dipped by 400 yuan/mt WoW. 

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.

Tom Giddings, executive director of Alupro, looks to the year ahead and explains what the aluminium packaging recycling industry wants to see in 2024.

This resource update can be reflected in the company's valuation and potentially change the coming-up acquisition landscape.

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.