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Check FAQAbout Mayumi
Mayumi Watanabe is a journalist based in Chofu, Japan. She is fully bi-lingual in English and Japanese. She has 15-years metals commodity coverage as a senior editor at Platts. Her coverage area extends throughout rare to base metals and had addressed their market price trends, fundamentals, supply issues, tariff and other political issues affecting markets.
Research
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Fact Checking
Portfolio
Fuels of the future: Unpacking the pathway for advanced fuels in Brazil
Brazil is advancing in its energy transition efforts with new renewable diesel and sustainable aviation fuel mandates that have drawn investor interest in the domestic market. The country aims to enhance regional supply security and meet energy transition requirements. The 'Fuels of the Future' bill, which supports these mandates, was approved by the lower house of Brazil's National Congress on March 13 and is awaiting an urgent vote in the senate.
US met coal suppliers bank on continued export growth supported by Asia steel output
US metallurgical coal exports have experienced growth due to demand from Asia, particularly in India, China, and Southeast Asia. This growth is linked to expansions in blast furnace steelmaking and met coke production. The economic growth in emerging Asian markets is expected to sustain long-term steel demand, driven by construction, infrastructure, and consumer products.
JERA signs deal with CF Industries to develop 1.4 mil mt/year US ammonia project by 2028
Solar eclipse significantly reduces solar power output in several markets
A total solar eclipse on April 8 crossed North America, affecting Mexico, the US, and Canada, and led to significant reductions in solar power plant output, particularly in the Electric Reliability Council of Texas and PJM Interconnection power markets.
Commodity Tracker: 6 charts to watch this week
The article discusses several key commodities and their outlook in the context of current global events. It highlights the anticipation for resolutions on emissions trading rules under Article 6.4 of the Paris Agreement at the UN Climate Change Conference (COP28) in Dubai. The article also touches upon the potential impact of OPEC+ members' decision on voluntary oil production cuts in early-2024. Additionally, it covers Russian wheat production, US natural gas output, and the EU's consideration of extending its gas market correction mechanism. These topics are crucial for understanding the future trends in commodity markets and their broader economic implications.
An untold story of how Seiko Matsuda, a Japanese pop icon, played a role in shifting beer to aluminum can packaging from glass bottles.
China cuts subsidies on electric vehicles as sector's costs fall
China has reduced subsidies for electric vehicles to stabilize the market and eliminate underperformers, with the subsidy for pure battery EVs with driving ranges of 400 km or more cut by 50%. The car sector's copper consumption is expected to rise significantly by 2025 due to increased car output, according to Jiangxi Copper's subsidiary Jinrui Futures.
Japan to check if US 232 probe into titanium sponge imports is WTO compliant: minister
Japan will investigate whether the US' Section 232 probe into titanium sponge imports complies with WTO rules, as stated by Minister Hiroshige Seko. The US Department of Commerce's investigation aims to determine if these imports harm US national security. Japan, which supplied the majority of the US' titanium sponge imports in 2018, emphasizes the importance of a rule-based multilateral trade system. Previous US tariffs on steel and aluminum led to multiple WTO complaints, with Japan participating as a third-party observer. The outcome of these proceedings remains uncertain.
Chilean Antofagasta 2018 molybdenum output surges 30% but sees 12% decline for 2019
Chilean miner Antofagasta reported a 30% increase in molybdenum production for 2018, reaching 13,600 mt, attributed to higher throughput, grades, and recovery rates at the Los Pelambres mine. However, a 12% decline in molybdenum production is expected for 2019, with an estimated output of 11,500-12,500 mt. Despite this, copper production is projected to rise by 6% to a record high of 750,000-790,000 mt. Other Chilean mines are also expected to reduce molybdenum production in 2019, though ramp-up projects in Peru may offset these decreases.
Clarity on Rusal sanctions to take more time: Japanese market sources
Japanese industry officials express uncertainty about the US Treasury Department's plan to lift sanctions on Russian aluminum producer Rusal, pending US Congress approval. The US Office of Foreign Assets Control has indicated a potential termination of sanctions, but clarity is expected after January 28. The US House of Representatives opposed the sanctions termination, while the Senate supported it. Rusal and EN+ have taken steps to reduce Oleg Deripaska's influence and comply with US requirements. Market participants remain cautious, anticipating possible extensions of General Licenses allowing Rusal to continue operations.
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