French Gov. Study Calls for EU’s Need to Rethink Energy Policy

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Europe may need to rethink it’s renewable energy plans…

“Europe’s attempt to combine an ambitious climate policy with the liberalisation of electricity markets has largely failed, and the continent needs to rethink its subsidies for renewable energy, a French government study said,” reports Reuters.

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“The study, based on reports by leading European energy academics, said Europe must decide on the trade-offs between affordability, sustainability and security on setting its energy policy.”

“‘This is an ambitious policy that has not reached its targets,’ said Jean Pisani-Ferry, head of the French prime minister’s policy planning unit, CGSP.”

In metal price news for renewables…
Along with the other metals on the weekly Renewables MMI®, Chinese cobalt cathodes saw little change in its price this week. Prices for silicon remained constant, closing the week. Neodymium prices held steady from the previous week. Chinese steel plate remained unchanged for the week.

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The price of Japanese steel plate did not change since the previous week. Prices for Korean steel plate remained constant, closing the week. Following a steady week, prices for Chinese steel plate closed flat. US steel plate remained unchanged for the week.

US grain-oriented electrical steel (GOES) saw essentially no change for the fifth day in a row.

The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.