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KPM Weekly - Issue 12 (June 17, 2024)

This week, the Kallanish Power Materials team explores the controversy of hydrogen’s role in domestic heating in the UK; the major contradiction in the US EV market; and how Indonesia plans a more sustainable nickel industry. Other big news covered in the report are the EU and Turkish tariffs on EV imports from China; the second green hydrogen auction in the EU budgeted €1 billion shorter than expected; and a 2-GW green hydrogen project proposal in Denmark to supply industrial customers in Germany. Our company spotlight is on Umicore – a Belgian advanced materials group that is reviewing its spending due to weak EV market conditions.