Monthly Archives: October 2017

Platts: Graphite electrode shortage could last five years plus

The graphite electrode shortage could last five years or more, investment bank Jefferies said in a report Wednesday after spending time with management of Japanese producer Tokai Carbon. Related podcast: Electrodes, changing trade flows top of mind for many in steel Jefferies said 10% of needle coke output is now being directed to the lithium-ion sector and anode material production requires the same facilities as graphite electrode production. It also said Hurricane Harvey had … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

Graphite: Flake prices rising in China on higher demand and environmental closures

Prices for natural flake graphite have risen in recent weeks as the market tightens, with the largest increases seen in grades above 95% C. A new round of processing plant closures has been reported in Shandong, which compounded already existing supply problems in the Province following drought conditions through the summer and limitations on the use of dynamite for mining. As well as affecting battery grades, the closures have resulted in higher prices for … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

LME poised to join Electric Car revolution with Cobalt sulphate contract

LONDON (Reuters) – The London Metal Exchange’s new cobalt contract is likely to be for a chemical compound vital for the manufacture of the batteries used in the fast-growing electric vehicle sector, its chief executive Matt Chamberlain told Reuters on Tuesday. Demand for that chemical — cobalt sulphate — is expected to soar over coming years as governments around the world set targets and timelines for electric vehicle sales in a bid to cut … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

Reuters: Electric Cars prompt explore Cobalt sulphate index

LONDON (Reuters) – Metals consultancy CRU Group wants to create a price mechanism for cobalt sulphate, in response to increasing demand for the compound used in making rechargeable batteries that power electric cars. Prices for cobalt sulphate are often based on those for refined metal published by Metal Bulletin. The London Metal Exchange’s cobalt contract is also for refined metal. But demand for cobalt sulphate is expected to outpace that for the metal over … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

When the sun doesn’t shine: Nickel catalyzes low-cost solution for storing SolarEnergy

How can we store solar energy for period when the sun doesn’t shine? One solution is to convert it into hydrogen through water electrolysis. The idea is to use the electrical current produced by a solar panel to ‘split’ water molecules into hydrogen and oxygen. Clean hydrogen can then be stored away for future use to produce electricity on demand, or even as a fuel. But this is where things get complicated. Even though … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

Outokumpu adds Graphite electrode upcharge to stainless products

Outokumpu is introducing a graphite electrode upcharge for all stainless steel products with immediate effect, the Finnish producer said Wednesday. “The tight supply situation within the graphite electrodes market has led to limited global availability of graphite electrodes and sharp increases in their prices. This has in turn led to significant increase in the production costs of stainless steel,” the company said in a statement. Outokumpu delivered 2.444 million mt of stainless steel products … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

BHP says 2017 a ‘tipping point’ for ElectricCars

World number one mining company BHP (ASX, NYSE: BHP) (LON:BLT) said 2017 will go down in history as the year when key changes took place in the electric cars market, making them more accessible to customers and so boosting demand for commodities from copper to nickel. “I think if we look back in a few years we would call 2017 the tipping point of electric vehicles,” Arnoud Balhuizen, head of marketing at BHP, said … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off