Spotlight content
Quarterly rare earths market update October 2024
Gain insight into the rare earths market with our October quarterly update, covering key price movements, near-term expectations, and dominating headlines.
Quarterly rare earths market update – July 2024
Gain insight into the rare earths market with our July quarterly update, covering key price movements, near-term expectations, and dominating headlines.
Video - 28/05/24Quarterly rare earths update - April 2024
Understand the drivers of rare earths with our April quarterly update video covering neodymium, praseodymium, dysprosium, terbium, lutetium, yttrium and more.
Related metals news
Trump's wind order threatens US steel demand
Trump's wind order threatens US steel demand
Houston, 24 January (Argus) — An executive order signed by President Donald Trump this week threatens steel consumption by the burgeoning US offshore wind industry. Trump on Monday ordered that the offshore continental shelf be withdrawn from new wind energy leasing, effective 21 January until the order is revoked. While the order theoretically protects existing leases, Trump also ordered the secretary of the interior, in consultation with the US attorney general, to conduct ecological, economic, and environmental reviews to determine if the leases should be terminated or amended. "We're not going to do the wind thing," Trump said. Trump's withdrawal targets only wind energy leasing on federal property, and leaves leasing for oil and gas, mineral exploration and environmental conservation untouched. The order could cut demand for US platemakers such as Nucor and JSW USA, who have made investments in their operations to target the offshore wind industry. A single monopile can require upwards of 2,500 metric tonnes (t) (2,756 short tons) of steel, according to German-based producer EEW Group, which has been building a monopile production facility in Paulsboro, New Jersey, to serve the US offshore wind industry. Japanese trading company Mitsui, Spanish wind turbine manufacturer GRI Renewable Industries and Nucor announced in August that they were considering developing a joint venture wind tower plant on the US east coast. Nucor recently built a 1.2mn short tons (st)/yr plate mill in Brandenburg, Kentucky, that the steelmaker wants to use to supply plate to monopile structure production. JSW Steel, an Indian steelmaker, announced in June it would invest $110mn to upgrade its Baytown, Texas, plate mill so it could make plates for offshore monopiles. The Baytown mill produced nearly 121,000st of plate and pipe in the fourth quarter, up by 15pc from a year earlier. Trump is also attempting to halt at least one onshore wind project, pausing activities around the Lava Ridge Wind Project, a potentially 1,000MW system on public lands in Idaho. Trump called the Bureau of Land Management's approval in December "allegedly contrary to the public interest" and subject to "legal deficiencies". Interior will evaluate the project's record of decision and possibly conduct new analysis on the system. By Rye Druzchetta Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Port of Nola reopens after winter storm
Port of Nola reopens after winter storm
Houston, 24 January (Argus) — The port of New Orleans reopened today after a prolonged shut-down propelled by a heavy winter storm that swept through the US Gulf earlier this week. Nola and Ports America reopened today to begin working on the backlog of movement caused by the storm. The port had been officially closed since 19 January in anticipation of the wintry temperatures, heavy precipitation and winds. Several inches of snow fell across New Orleans beginning Tuesday morning, according to the National Weather Service, with freezing conditions lasting through Thursday. Both ship and barge loadings and unloadings were significantly delayed across terminals. Several shipping and barge companies announced force majeures before the storm but are expected to reopen within the next couple of days, subject to safety conditions. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
China expands EV charging infrastructure in 2024
China expands EV charging infrastructure in 2024
Beijing, 24 January (Argus) — China significantly expanded its electric vehicle (EV) charging infrastructure in 2024, data from the country's Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA) show. China added 4.222mn EV charging points in 2024, a 25pc increase from a year earlier. This indicates one charging point for every 2.7 EV units on average. The newly added charging points include 830,000 public charging points and 3.368mn private charging points, marking a decline of 8.1pc and a rise of 37pc respectively from the number of charging points added in 2023. Newly added charging points stood at 119,000 in December, up by 31pc on the year. China's total number of charging points was 12.82mn as of the end of December 2024, up by 49pc from a year earlier, EVCIPA data show. China will add 3.62mn of charging points equipped for private vehicles in 2025, with the total number of charging devices rising to 11.582mn, according to EVCIPA. The country will add 73,000 public charging stations and 1.038mn public charging devices in 2025. The country's growing EV charging infrastructure is expected to boost the purchasing of new energy vehicles (NEVs). A lack of charging infrastructure, especially in smaller cities and rural areas, is one of the main reasons restricting NEV adoption. Most charging infrastructure is concentrated in more developed provinces and cities such as Guangdong, Zhejiang, Jiangsu, Shanghai and Beijing, accounting for 69pc of the country's total infrastructure in 2024. China's NEV market penetration rose to 40.9pc of the country's total auto sales in 2024, up from 31.6pc in 2023 and 26pc in 2022. Penetration will reach 50pc in 2025, some market participants said. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Rio Tinto faces Australian iron ore shipment delays
Rio Tinto faces Australian iron ore shipment delays
Sydney, 24 January (Argus) — UK-Australian miner Rio Tinto is facing shipping disruptions in Western Australia (WA) after Cyclone Sean damaged a railcar dumper as it swept down the state's coast, the firm announced today. A dumper at Rio's East Intercourse Island (EII) port facility — a part of the Pilbara Port Authority's (PPA) Port Dampier — was flooded on 20 January, sustaining some damage, when 274mm of rain poured down on WA over a single day. EEI handled 45mn t of Rio Tinto's iron ore shipments in 2024. "Initial indications suggest the dumper at EII could be offline for three to four weeks, as rectifications works are required to repair flood damage," the company said on 24 January. Rio Tinto said its overall 2025 production guidance of between 323mn-338mn t of iron ore remains unchanged, but the disruption may affect first-quarter shipments. WA's coastal areas received the bulk of Cyclone Sean's rainfall earlier this week, limiting disruptions to the state's lucrative iron ore mines. Rio Tinto operates seven railcar dumpers across WA, six of which remain operational. The company will continue to move iron ore out of the state over the next month, using its other dumpers. Cyclone Sean forced the PPA to shutter its facilities at Port Hedland, Dampier, Ashburton, Varanus Island, and Cape Preston West on 18 January. All five of the sites resumed operations on 20 January, after the Bureau of Meteorology advised that Cyclone Sean was moving away from WA's Pilbara region. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
