Chemicals News

The world oil market suffered from supply cuts in 2023 as major oil producers Saudi Arabia and Russia cut supplies. China's market shows recovery signs in the manufacturing sector as per the survey reports in September 2023. China's unwrought copper supplies declined by 9.5 percent in 2023.

Based on the survey conducted by Purchasing Managers, the Chinese manufacturing market shows the initial signs of recovery with the factory activity. China imported larger volumes of crude oil in September 2023. In contrast, other energy commodity imports remain…

Stainless steel supports the growth of green energy transition in the environment. The clean energy transition demands sustainable and environmentally friendly materials to integrate into the transition process. Therefore, stainless steel has proven to be efficient in various industrial applications. Researchers developed a new stainless steel named SS-H2 in 2024.

The newly developed stainless steel offers high resistance to corrosion, making it suitable for industrial purposes. The new stainless steel has the property that allows the material to be…

In most market sectors, aluminum is essential in Europe's transition to clean energy. Aluminum is the most widely used non-ferrous metal worldwide due to its good properties. Aluminum billets are an aluminum product used widely in metal applications. Aluminum can be a vital asset for the transition to green energy in 2024, with changing trends and prices of metals for the same year.

Aluminum is widely used in electricity transmission, mobility, and transportation, among other important industrial sectors. Since clean energy transitions uptake to achieve…

The magnesium metal market is growing due to its versatility in various sectors. The metal is widely used in different industrial applications. Thus, magnesium metal is expected to grow throughout 2024. Magnesium batteries will be an alternative to lithium-ion batteries in 2024. Therefore, recent surveys in 2024 suggest that magnesium metal as an alternative to lithium-ion batteries can be challenging.

Based on the research done by Tohoku University in 2024, magnesium batteries can be recharged, leading to efficient charging and discharging according to…

China's steel market faces criticism from other countries in the world in 2024. The steel market in China stores a large steel production in market. However, China's steel market strategy seems to fall in the eyes of developing world economies. Therefore, China's imports of steel may be affected in 2024.

China is reported to have a large amount of steel stock in the market, but it is unaware of its usage. Most of the steel stock will go unused in China in 2024. Therefore, China must be in the plans to import the unused and remaining large amounts of…

India leads the steel industry, being the second largest steel producer globally. However, India finishes as a net importer in the steel industry with finished steel in 2024. According to data from 2023-2024, India emerges as a net importer of finished steel. Thus, India’s current state in the steel industry is a fear factor for the future. Along with that, India's steel imports will have reduced in 2024 as well.

Based on recent data from the steel industry, India’s finished steel imports increased by 38.1 percent compared to the financial year of…

Carbon emissions are an essential reason behind the slow pace of clean energy transition. Greenhouse gas emissions hinder the pathway of green transformation. Hence, researchers choose carbon capture technology in 2024 to reduce carbon emissions by storing it in the oil reservoirs. However, new research in 2024 suggests that carbon capture technology is a waste of time.

Experts claim that oil wells are getting benefits from the adoption of carbon capture technologies. Due to the growing affinity towards reducing emissions from the environment, carbon…