Metals by S&P Global Energy

TRADE REVIEW: Rising costs to support Asian nickel in Q2 despite supply surplus ▪️Supply disruptions boost MHP payables in Q1 ▪️MHP payables rise on supply disruption, high production costs ▪️Weak battery demand caps nickel sulfate prices okt.to/AGton2

Hoffmann Green expands low-carbon cement deal with Groupe Angevin ▪️Multiyear commitment covers 0% clinker cement ▪️Partnership targets Île-de-France construction okt.to/RzIjxa

North American aluminum sector nearing 'supply crisis' after Middle East disruptions ▪️Consumers to feel shortage impacts in summer 2026 ▪️Midwest Premium, global prices to stay at record levels 🖥️Full story: okt.to/30Ew1K

India cement margins seen slipping 150-200 bps in FY27: Crisil ▪️Energy costs rise 10%-12% on geopolitical risks ▪️Cement demand grows 6.5%-7.5% from infrastructure okt.to/0ObsC9

#RareEarthsSeries: Funding boom could cause longer-term 'glut,' analysts say 🔹Rare earths funding boom risks 2030s glut 🔹China controls 91% of global processing 🔹US magnet capacity nears 32,000 mt/year By Eric Wolff: okt.to/QGun0H

#RareEarthsSeries: State intervention needed to reshape rare earths market 🔹Governments intervene to break China monopoly 🔹State support levels playing field for producers 🔹Public funding attracts private capital investment By Karlitos Brian Decena okt.to/eBUPuW

#Rareearths, a group of 17 elements, have come under increasing focus owing to their criticality to defense equipment manufacturing & cleantech. @SPGEnergyMetal's #RareEarthsSeries explores China's rare earths advantage, funding boom outside China, recycling efforts & more 👇

TRADE REVIEW: Asian lithium could extend uptrend in Q2 amid supply uncertainty ▪️Zimbabwe ban tightens lithium supply chain ▪️Australian diesel shortage threatens spodumene production ▪️Lithium hydroxide trades at premium in Feb okt.to/da0k4B

VIETNAM DATA: March clinker, cement exports rise 15% YOY to 3.49 mil mt ▪️March clinker, cement exports up 25.1% MOM ▪️Bangladesh's imports increase sharply in March okt.to/fXD7xz

India's Wonder Cement signs solar power deals with Sunsure Energy ▪️Solar power to be supplied via Solapur, Augasi plants ▪️Deal could cut carbon emissions by 33,000 mt annually okt.to/B4phVs

#RareEarths, a group of 17 elements, are critical for building strategic military systems, #datacenters, among other applications. China's dominance in #supplychain is shaping the market. okt.to/ATIeo8

New Platts rare earth assessments reveal security-of-supply premiums in North America ▪️US pays $4,900/kg premium for terbium oxide ▪️China export controls expose supply vulnerabilities ▪️Security-of-supply premiums replace just-in-time model Full story: okt.to/f0V3ny

Turkish cement maker Cimsa cuts emissions via renewable energy push ▪️Cimsa cuts emissions intensity by 17% ▪️Alternative fuel use rises to 28% in 2025 ▪️Company targets 42% emission cut by 2033 okt.to/wDfjb0

FACTBOX: Attacks in the Middle East hit Gulf aluminum, steel plants amid war ▪️Middle East alumina imports fall 63% YOY in March: CAS ▪️Global aluminum prices and regional premiums rise 🖥️Full story: okt.to/DarU4w

#Copper prices at the start of 2026 surged to fresh records amid rising demand and a forecast supply crunch by 2040. At #CERAWeek by S&P Global, experts are discussing what needs to be done in the US to secure this critical supply chain. okt.to/yDBn1j

#BHP eyes 1 mil mt/y of #copper output in South #Australia by late 2030s 🔷 Addition of Oak Dam discovery to boost production 🔷 Current South Australia copper output is 316,000 mt/y okt.to/pkNdZV

Will you be in the room? Group benefits are available, including our Buy 3, Get 1 Free offer. Secure your place now before rates increase. okt.to/NdmIQ3

𝗙𝗶𝗻𝗮𝗹 𝗛𝗼𝘂𝗿𝘀: Super Early Bird for the 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 𝗖𝗼𝗸𝗶𝗻𝗴 𝗖𝗼𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝟮𝟬𝟮𝟲 ends 𝘁𝗼𝗱𝗮𝘆, March 27. 📅 June 18-19 | 📍Sands Expo & Convention Centre Part of Singapore International Ferrous Week.