The green transition, driven by the global race for renewable sources of energy, will no doubt transform both industries and economies. Interest from governments, businesses, and consumers in sustainable living has surged, hence a surge in demand for new energy technologies such as electric vehicles, renewable energy storage, and efficient energy solutions. Such transformation does not come without its challenges, notably in the security of supply for metals that these technologies depend on.
SMM Steel, February 18 - According to SMM statistics, the total estimated shipments of mainstream market resources this week reached 295,400 mt, down 57,900 mt WoW. By market segment:
Best Approaches to Navigating Geopolitical Challenges in the Lithium Supply Chain
The increasing need for lithium due to the shift towards energy sources and the rise in electric vehicles has drawn attention to the geopolitical factors affecting the lithium supply chain industry.
[SMM Daily Review: High-Grade NPI Market Sentiment Intensifies, Prices to Fluctuate Upward in the Short Term] February 18—The average price of SMM 8-12% high-grade NPI was 967 yuan/mtu (ex-factory, tax included), up 1.5 yuan/mtu compared to the previous working day...