ERG will sell 3,000 metric tons of contained cobalt metal to EVelution annually, which will be used to build an Arizona-based low-carbon cobalt sulfate plant starting in 2024.

The EU launched an anti-subsidies probe into Chinese EV manufacturers, setting in motion a 12-month investigation that could see provisional duties and tariffs imposed over the next nine months.

IPEF partners will work towards negotiating the outcomes of Pillars I (Trade), III (Clean Economy) and IV (Fair Economy) of the trade framework.

The company said it has told customers it will keep the surcharge at $228 a ton ahead of the start of annual supply negotiations in London.

The WTO said October 5 that merchandise trade volumes would grow by just 0.8% in 2023, less than half of the 1.7% estimate that came in April.

Information submitted to the system on new or ongoing supply chain disruptions can be used to better coordinate government resources, reducing backlogs and delays.

The probe will focus on new battery-powered electric vehicles (BEVs) and alleged subsidies granted by the Chinese state, a legal notice in the EU’s official journal confirmed October 4.

The reductions are part of previously announced voluntary cuts led by Russia and Saudi Arabia totaling 1.7 million barrels per day.

Trade between China and Russia grew substantially during the first seven months of 2023 to $134.1 billion, a 26.5% increase compared to 2022.

The program, which was given a $317 million budget by the transportation ministry for 2023, received almost 33,000 applications in the 24 hours after it was launched.