Agriculture, Energy and Metal Information
The European Union plans to tighten steel import quotas by 15% starting April, aiming to shield its struggling steel industry from a flood of cheap imports diverted by U.S. tariffs. The move, part of the EU’s Steel and Metals Action Plan, responds to President Donald Trump’s 25% steel tariffs, which have redirected millions of tons […]
President Donald Trump’s plan to impose port fees of up to $1.5 million per visit on ships built in China or operated by fleets with Chinese vessels is disrupting U.S. coal and agricultural exports, industry leaders warn. The proposed fees, aimed at reviving domestic shipbuilding, have already led to shrinking vessel availability, inflated costs, and […]
President Donald Trump’s plan to impose port fees of up to $1.5 million per visit on ships built in China or operated by fleets with Chinese vessels is disrupting U.S. coal and agricultural exports, industry leaders warn. The proposed fees, aimed at reviving domestic shipbuilding, have already led to shrinking vessel availability, inflated costs, and […]
India’s government has recommended a 12% provisional safeguard duty on select steel products for 200 days to counter surging imports that threaten domestic producers. The Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce, announced the measure after a December 2023 investigation found record imports caused “serious injury” to local mills. Key Details: […]
The European Union is drafting measures to shield its aluminum industry from a potential surge in imports diverted due to U.S. President Donald Trump’s 25% tariffs on metals, according to a leaked EU plan. The bloc is considering import limits, stricter origin rules, and export duties of up to 25% on scrap metals to prevent […]
U.S. companies are increasingly sourcing cobalt from China’s Lygend Resources (2245.HK) through its Indonesian operations to avoid steep tariffs imposed by the Trump administration on Chinese and Canadian imports. Lygend, which began exporting Indonesian-produced cobalt to the U.S. last year, leverages Indonesia’s tariff-free status to offer cheaper supplies amid a 35% levy on Chinese cobalt […]
Russian aluminum giant Rusal reported a 184.8% surge in annual net profit. Rusal faces indirect sanctions pressure, including a 2024 London Metal Exchange (LME) ban on new Russian metal deliveries. While European sales still account for 20% of revenue, the company is pivoting to Asian markets and capitalizing on green energy trends. Aluminum demand in […]
Gold demand across Asia slumped this week as record-high prices deterred buyers, with Indian dealers offering discounts of up to $39/ounce—the steepest in eight months—amid dwindling purchases. Domestic prices in India, the world’s second-largest gold consumer, soared to an all-time high of ₹87,886/10 grams, prompting jewellers to avoid stocking costly inventory ahead of the fiscal […]
U.S. aluminum and steel prices hovered near recent peaks on Wednesday after 25% tariffs on imports took effect, triggering retaliatory measures from Canada and Europe. The Midwest duty-paid aluminum premium surged to a record 45 cents per pound ($990/metric ton) on Tuesday amid heated U.S.-Canada trade tensions before easing to 41 cents. Prices have soared […]
The Trump administration is moving to roll back stringent soot and greenhouse gas regulations imposed on U.S. coal-fired power plants, a policy shift designed to extend the lifespan of aging facilities and revive shuttered ones. The Environmental Protection Agency (EPA) announced plans to revisit 2024 pollution standards set under President Biden, which targeted particulate matter […]