The European Union is proposing a phased ban on imports of Russian aluminum as part of a broad sanctions package ahead of the third anniversary of the Kremlin’s invasion of Ukraine, according to people familiar with the matter. The package — which has been circulated among member states this week — also proposes sanctions that […]
Battery Metals
Copper price rises in US and slips in London after Trump tariff threat
Copper rallied in New York and slumped in London after President Donald Trump pledged import tariffs that risk raising costs for American manufacturers while dampening global demand. In the latest of a slew of trade threats that have roiled commodity markets since he took office last week, Trump said he plans levies on copper, aluminum […]
Cobalt price at lowest since 2016 amid record production
Cobalt prices have plummeted to their lowest level since 2016, as record-high production continues to weigh on the battery material’s value. China’s CMOC Group, the world’s largest cobalt miner, set a new production record last year and plans to maintain similar output levels through 2025, driven by ramped-up operations at two African mines. The company recently […]
Idaho Power proposes battery storage project in SE Boise
A new energy storage project could be coming to Boise’s Southeast. Idaho Power applied for a conditional use permit for a 10-acre battery storage area at its substation located at 2001 E. Amity Rd. The City of Boise’s Planning and Zoning Commission will consider the application at its February 3 meeting at 6 p.m. The […]
Electric vehicles now match traditional cars for longevity, study finds
Battery-powered electric vehicles are now more reliable and can match the lifespans of traditional cars and vans with petrol and diesel engines—marking a pivotal moment in the drive towards sustainable transportation, a study reveals. Researchers used nearly 300 million UK Ministry of Transport (MOT) test records charting the “health” of every vehicle on the United […]
Gold price flirts with record high on Trump’s China remarks
Gold rose close to a record high after US President Donald Trump signaled a less aggressive approach to China, weakening the dollar. Bullion traded near $2,780 an ounce, the highest since it touched an all-time high in October. Trump said he’d “rather not have to use” levies against China during an interview that aired on […]
Trump’s tariffs could redirect metal flows, Alcoa CEO says
Alcoa will likely send its Australian output to the US if the United States imposes tariff on Canadian imports, the aluminum producer’s CEO William Oplinger said on Thursday. US President Donald Trump has threatened tariffs on numerous countries including close allies such as Canada and Mexico, and Oplinger’s comments show how shipping flows could be […]
Gold price nears 3-month high on Trump tariff uncertainties
Gold soared to its highest intraday level in nearly three months on Wednesday, as the lack of clarity around US President Donald Trump’s policy plans sparked fears of market volatility, boosting the appeal of safe havens. By 11:05 a.m. ET, spot gold had risen 0.6% to $2,759.51 an ounce, about $30 shy of the record […]
Some Asian car, battery makers hit as Trump gets to work
Shares of Japanese automakers and South Korean battery makers fell on Tuesday, after U.S. President Donald Trump said he could impose tariffs on Canada and Mexico soon and revoked the previous administration’s executive order on electric vehicles. But Chinese manufacturers bucked the trend, with stocks opening higher after Trump did not target China in his […]
Saudi Arabia commissions its largest battery energy storage system
Saudi Arabia has officially connected its largest battery energy storage system (BESS) to the grid, marking a significant milestone in the country’s renewable energy expansion. The project proponents describe the 500 MW/2000 MWh BESS development in Bisha, in the southwestern Saudi Arabian province of ‘Asir, as the world’s largest operational single-phase energy storage project. The […]