Cleveland-Cliffs stock plummeted 16.43% after reporting Q4 2025 revenue that missed Wall Street expectations and a full-year net loss of $1.4 billion. However, management provided an optimistic 2026 outlook with expected steel shipment increases of over 3% and cost-cutting initiatives. A pending strategic partnership with South Korea's Posco Holdings could be announced in the first half of 2026.

Palantir CEO Alex Karp conducted confidential AI strategy meetings with top executives from four major South Korean companies, maintaining strict secrecy and discussing potential technology implementations.

The lithium-ion battery materials market is experiencing rapid growth driven by the rising demand for electric vehicles, renewable energy storage, and advancements in battery technology. The U.S. market is particularly strong, with investments in domestic battery production and lithium mining.

The global steel casting market is projected to grow from $33.90 billion in 2025 to $42.18 billion by 2029, at a CAGR of 5.6%. The growth is driven by the increasing demand for steel castings in industries such as automotive, construction, aerospace, and energy.

The non-grain oriented electrical steel market is experiencing substantial growth, driven by the increasing demand for high-performance electrical equipment across various industries, particularly in the power generation and renewable energy sectors.

The report discusses the growing importance of blockchain in the mining sector, with supply chain management being the main use case. It highlights the challenges and benefits of blockchain adoption, as well as the market size and growth forecasts.

The report analyzes the patent landscape for green iron production, revealing that China and the U.S. lead in patent registrations, with Europe also contributing. The report covers market analysis, technology trends, and key players in the industry.

South Korean markets experienced a sharp decline due to political uncertainty after President Yoon briefly imposed and then withdrew martial law, leading to volatility in major technology and industrial stocks.

The electric vehicle battery housing market is expected to grow significantly due to the increasing adoption of Advanced Driver Assistance Systems (ADAS) that enhance vehicle safety and driving comfort. However, supply chain disruptions and regulatory uncertainties may hamper the market growth.

Teck Resources has agreed to sell its 77% stake in its steelmaking coal business, Elk Valley Resources, to Glencore for $6.9 billion. The proceeds will be used to reduce debt and return cash to shareholders, allowing Teck to focus on expanding its copper portfolio and capitalizing on the energy transition trend.

The recent North American Battery Series, hosted by J.P. Morgan, provided crucial insights into the battery industry’s future. The event featured experts and corporations from various segments of the battery value chain. Key themes emerged, shedding light on the industry's trajectory, innovation focus, and supply chain strategies. EV Sales Projected To Grow 20%-23% YoY In 2024 J.P. Morgan’s Global EV Battery team, led by Parsley Ong, shared an optimistic outlook for global EV sales, projecting a 20%-23% year-over-year growth in 2024. China will lead this growth, while the U.S. and European markets will align with more muted expectations. In this light, stocks of China-based EV makers such as Xiaomi Corp (OTCPK:XIACF) (OTCPK:XIACY), Li Auto Inc (NASDAQ:LI), Nio Inc (NYSE:NIO), VinFast Auto Ltd (NASDAQ:VFS), XPeng Inc (NYSE:XPEV), Lucid Group Inc (NASDAQ:LCID) and ZEEKR Intelligent Technology Holding Ltd (NYSE:ZK) should be on investors’ radar. Adequate battery material capacity will support up to a 25%-30% growth rate, with potential temporary price increases if demand exceeds this range. Battery volume recovery will be gradual and weighted towards the second half of the year, with ...Full story available on Benzinga.com

Lithium spot prices were generally flat the past month. Click here for the lithium junior miners news for April 2024.