Nickel prices have witnessed changing prices since last year and are expected to move into 2024 with the same trend. The nickel prices continued a dip in trend until November 2023; however, the nickel prices were in a balanced position at the beginning of December 2023.

Based on a survey conducted in 2023, Nickel's performance proved worst among the metals, with a decline of 45 percent in the market. Experts believe the nickel market repelled itself from the core in 2023, leading to its downfall. The nickel market condition has yet to uplift in the metal sector in 2024 to create a balance; however, the prices of nickel metal will dive into the global production cost curve in 2023. Therefore, expert analysis suggests that supply on the…

Lithium extraction is a big question to meet the requirement of the metal in different sectors of production, mainly in battery production. Since, battery production leads to harmful effects in the environment, another method called Direct Lithium Extraction (DLE) has come out as a solution in 2024

The conventional methods of lithium extraction and purification methods are no longer in usage as they prove to be more costly and harmful to the environment. Since, the production of batteries is increasing day by day in the light of clean energy transition, the demand of lithium is expected to grow even more. Lithium demand and battery production are interdependent, since usage of batteries is required for electrification in different sectors…

The growing transition to clean energy requires copper to support electrification in different sectors. Copper prices are expected to rise in 2024 due to the increasing use of electricity for the transition to green energy.

Based on the surveys conducted to track the progress of the clean energy transition, the primary focus of the transition will be centered around electricity and its applications in different fields, such as power grids, electric vehicles, and others. Thus, survey reports predict that the copper surplus has been altered due to a rise in copper prices by the end of 2023. It is expected that copper will continue to increase in price throughout 2024 due to its growing demand in the market. The electrification of vehicles to…

Nickel performed a downward trend among the base metals throughout the year 2023. The declining rate of the nickel reflected in the performance of the stainless mills market in 2023. Throughout the month of November 2023, nickel’s performance in the market was below expectations. However, in the beginning of December 2023 the nickel market stabilized but its performance decreased throughout the year impacting the Monthly Metals Index (MMI) for the stainless mills in 2023.

According to the surveys, nickel prices fell to their highest in October 2023 showing worst market decline for the year 2023 in base metals.  Since April 2021 the nickel prices declined to their lowest in the month of October 2023, that records for 7 percent in the market…

Waste management is a severe concern in the sustainable development goals set to be achieved by the countries in different timelines. Countries around the globe are focusing on reducing carbon emissions by the end of 2030 to 50 percent. Companies are taking initiatives in sustainable waste management globally in 2023.

Based on a survey conducted by the Organization for Economic Co-operation and Development (OECD), 57 percent of the waste comes from the top five OECD countries in America that cover landfills. The United States environmental protection agency (EPA) recently announced that it will invest around USD 100 million in infrastructures for recycling purposes and waste management throughout the country in 2023. EPA is focusing on…

Electric vehicle adoption in 2024 is expected to grow throughout the year due to the transition to clean energy. Electric mobility is expected to grow commercially and environmentally in 2024. According to recent surveys, electric vehicle prices are expected to decline and become consumer-friendly as lowering prices will attract more buyers in 2024.

Based on a survey, Tesla, the electric vehicle manufacturer, anticipates lowering the prices of electric vehicles on certain models in 2024. The electric vehicle maker, Tesla, has lowered the prices by 20 percent in 2023. Earlier surveys conducted on the adoption of electric vehicles in the automotive market suggest that EVs can be cheaper by the end of 2027. Electric vehicles are expected to…

The transition to clean energy is considered one of the countries' important goals in 2023. The nations are taking various initiatives that reflect that the clean energy transition is in full swing to achieve at least half its way by the end of 2030. The essential aspects of clean energy transitions are net zero emissions, carbon emissions reduction, and decreasing fossil fuel energy usage. Governments of different nations aim to achieve a clean energy transition by 2050 with transformations in various fields of the environment. Studies have found that next-generation hydrogen visualization will increase the process of clean energy transformation.

According to the results from the study conducted to visualize the atomic state of hydrogen…

The oil industry sees new strategies for the year 2024 despite suffering high prices and other events due to certain reasons in 2023. In the last two years, crude oil prices have been affected by many reasons, such as geopolitical issues, cutbacks on supplies from oil-producing countries throughout 2023, and others.  

According to the experts, unexpected events and geopolitical issues may happen in 2024 that lead to a hike in oil prices for the same year. China, the United States, and Russia may get involved in certain geopolitical tensions that warn of the rise in oil prices for 2024. Experts analyze other crucial events that may lead to elevated rates. In 2023, the oil industry witnessed high oil prices throughout the year, though the…

The healthcare industry prepares itself to improve its standards in 2024, leading to better financial and patient care results. Medical technology has advanced a lot in 2023 with different initiatives in the field of technology. The industry offered several facts and solutions suggesting various technologies to be implemented in the healthcare field that can provide better treatment.

Like other ones, the technological advancement in the healthcare field has been centered around artificial intelligence (AI) and machine learning (ML). Researchers have considered these two techniques in the healthcare field to get more precise results for various studies conducted in 2023. Different medical facilities, such as telehealth, medical imaging with…

Electric mobility sees massive consumer acceptance as it solves one aspect of environmental safety concerns. Electric vehicle sales are expected to surge in number in 2024. Due to the clean energy transition focusing on deviation from fossil fuels to achieve the net zero emissions target by the end of 2050. The electrification in transportation anticipates gaining momentum in the year-on-year sales in 2024.

Based on the surveys, electric vehicle sales witnessed a 35 percent year-on-year increase in 2023. The main reasons behind the rise in electric vehicle adoption in the market are decreasing prices of electric vehicles, government initiatives to accelerate net zero emissions with electric cars in different nations, growing technology…

With an end to the current economic year 2023, the energy market has high hopes for the upcoming 2024. The energy market expects to improve in all sectors in light of the transition to clean energy in the forthcoming years. The energy sector aims to develop new incentives for solar, wind, and electric vehicles, among others, as the primary developmental industries in 2024.

According to OPEC (Organization Of The Petroleum Exporting Countries), most nations' first three quarters of 2023 witnessed economic growth. Therefore, the economic growth for 2023 was recorded to be 2.9 percent in 2023 and expected to continue this advancement in 2024 with a growth rate of 2.6 percent. In the United States, the OECD (Organization for Economic…

The rise in global temperature may see a solution that can control the surface temperature on Earth in a balanced position in 2024. The environmental temperature can be prevented from going up with clean energy transition by following various techniques. The focus on the cooling capacity of electric appliances throughout 2024 will be more to accelerate the clean energy transition.

According to recent survey reports from the United Nations Environment Programme (UNEP), the number of cooling appliances will increase by 2050, indicating more electricity consumption will be initiated from the current year, 2024. The release of refrigerant gases will also increase since the electricity consumption will increase with the cooling devices…

The global market will face copper deficiency, as the world's largest copper mines have been forced to close due to elevated demand for refined metals in 2023. Panama closes the first Quantum Minerals Ltd. copper mine, resulting in declining production of tons of copper in 2023. The initial months of 2024 are expected to witness low copper supplies in the market, citing above mentioned reasons.

According to surveys, the Chinese market will suffer significantly with declining copper supplies in 2023. The deficit of copper is expected to move into 2024 as copper mining fails to meet the increased demand for copper in the Chinese market. China is known to depend on copper due to growing usage in different fields compared to previous years in…

Earlier in the beginning of 2023, the surveys claimed that electric vehicle sales would increase in numbers by the end of 2023. The electric vehicles market is expanding with growing concerns over sustainable development goals and reduction in carbon emissions by the end of 2050. A survey report shows that the electric vehicle market sees a 20 percent soar in global sales for November 2023.

Electric vehicles are witnessing exponential growth in the market for 2023 due to various reasons. The transportation sector has gradually transformed to electric cars in the past two to three years due to environmental concerns, advancement in the technology sector, and the worse impact our environment is receiving from fossil fuel-based vehicles…