The Renewables MMI (Monthly Metals Index) finally witnessed a significant increase in price action for the first time in a year. In total, the index ascended by 9.97%, drawing fresh attention to renewable resources. The main culprit for the increase in price action was a significant rise in neodymium prices, likely in response to China’s […]
Tag: renewable energy
Renewables/GOES MMI: Cobalt and Other Battery Metals Prices Rise Slightly
Since April, the Renewables MMI (Monthly Metals Index) has been in a tight sideways trend. Falling demand and slumping material production for battery metals in China, as well as an oversupply of materials continue to exert bearish pressure on the index. However, month-over-month, the index finally broke its sideways trend, rising by 4.75%. Chinese stimulus […]
On the heels of COP26, India aims to expand renewable energy projects
In line with India’s commitment at the COP26 summit in Glasgow last year, the country aims to reach net-zero by 2070. Furthermore, India seeks to meet 50% of its energy needs by 2030 through renewable sources and expand non-fossil fuel power generation capacity to 500 GW in this decade. In light of these targets, the […]
This Morning in Metals: US consumed record amount of renewable energy in 2020
This morning in metals news: the U.S. consumed a record amount of renewable energy in 2020; U.S. housing starts jumped in May; and the copper price has been on the decline since peaking last month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each […]
This Morning in Metals: Aluminum price continues to surge
This morning in metals news: the LME three-month aluminum price has continued to rise in the leadup to the Thanksgiving holiday; Rio Tinto signed a new agreement to strengthen its partnership with China’s Tsinghua University; and, lastly, New York state is one of the U.S. leaders in renewable energy generation. Sign up today for Gunpowder, […]
This Morning in Metals: Nucor signs renewable power purchase agreement
This morning in metals news: Nucor Corporation has signed a power purchase agreement with EDF Renewables North America; the Pilbara Ports Authority reported an 11% year-over-year increase in throughput in October; and, lastly, Minnesota’s mining rules are getting another look. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a […]
Indian PM Modi Ramps up Country’s Renewable Energy Target
Indian Prime Minister Narendra Modi’s doubling of India’s renewable energy target by 2022 has made global headlines. At the United Nations Climate Action Summit earlier this week, the Modi said India was now aiming to install 450 GW of renewable energy by 2022, more than double the previously promised 175 GW, The Hindu reported. Keep […]
Floating Solar Plants Gain Momentum in India
There’s a new trend on the solar energy harnessing front in India. Like in China and a few of the Southeast Asian nations, India is seeing a spurt in what are called “floating solar plants.” Need buying strategies for steel? Try two free months of MetalMiner’s Outlook In late 2017, the country inaugurated its largest […]