wire

Reports the 45X FEOC restriction's effect on US battery supply chains: companies sourcing graphite, lithium, nickel or cobalt from Chinese-owned processors are ineligible for 45X credits on battery cells, modules and components; creates a specific incentive to develop US, allied or non-FEOC supply chains but also removes near-term credit eligibility for manufacturers that have not yet completed supply-chain transitions.

“45X FEOC restrictions strip credits from battery makers sourcing materials from Chinese-owned processors, accelerating but complicating supply-chain transitions.”

Reports that platinum's record high reflected two converging structural forces: South African power-supply disruptions cutting PGM smelter throughput by an estimated 10-15% in January 2026, and a material increase in platinum demand from proton-exchange membrane (PEM) electrolyser manufacturers scaling for green hydrogen projects in Europe and the US.

“Platinum record driven by South African disruptions and green hydrogen electrolyser demand, while palladium fell on EV substitution.”