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Argus launches prices for Chinese-origin cobalt delivered to Europe

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New transparency reflects properties of Chinese cobalt exports

LONDON, Oct. 1, 2024 /PRNewswire/ — Global commodity price reporting agency Argus is expanding its suite of cobalt prices with the launch of a new daily Rotterdam assessment for Chinese-origin cut cathode. The launch will bring much-needed clarity to the cobalt market at a time when there has been an influx of Chinese material to Europe

China’s exports of unwrought cobalt metal to the Netherlands jumped to 5,478t in January-August from 1,989t a year earlier, both because of over-production and as a result of weaker-than-expected demand from China’s domestic battery industry. Europe has borne the brunt of China’s increased cobalt exports because US consumers are often unwilling to use Chinese cobalt within their supply chains.

The flood of Chinese-origin cobalt moving to Europe has become problematic for existing Rotterdam price mechanisms, which have failed to sufficiently distinguish between standard chemical-grade metal, alloy-grade metal and Chinese-origin cut cathode. Conflating Chinese cut cathode with either of the other products can be problematic, because the material is typically much cheaper than other cathode, and more prone to variations in grade.

Moreover, inside China, cobalt hydroxide  — an important battery material — is typically priced using formulae themselves tied to European cobalt metal prices. Lack of clarity about European prices could compromise the basis on which hydroxide trades — a market that stretches far beyond Europe.

Argus Media chairman and chief executive Adrian Binks said: “Our new assessments of Chinese-origin cut cathode delivered into Europe provide vital market transparency. Chinese cut cathode has consistently been trading at a discount to standard alloy-grade and chemical-grade cobalt metal in Europe – including it in an existing Rotterdam price mechanism runs the risk of reducing the precision of published prices. Creating this additional price adds some much-needed clarity.”

The new European price assessment for min 99.8% Chinese-origin cut cathode will be assessed daily on a duty unpaid Rotterdam basis for 1t +/- 2% lots. It rounds out Argus’ existing suite of cobalt prices, which span the full value chain across China, Europe and the US.

Argus contact information

London: Seana Lanigan
+44 20 7780 4200
Email Seana

Houston: Matt Oatway
+1 713 968 0000
Email Matt

Singapore: Tomoko Hashimoto
+65 6496 9960
Email Tomoko

About Argus Media

Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets.

Headquartered in London with over 1,400 staff, Argus is an independent media organisation with 30 offices in the world’s principal commodity trading hubs.

Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy.

Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic.

Trademark notices

ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, INTEGER, Argus publication titles and Argus index names are trademarks of Argus Media Limited.

 

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SOURCE Argus Media

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2024 China-ASEAN College Students’ AI Application Innovation, Recruitment is starting now!

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Free registration with generous rewards!
High winning rate, and professional project guidance throughout the entire process!

All participating contestants will receive free training opportunities, and winning projects will be granted entrepreneurial support as well as generous creative rewards! The entry requirements, competition process, and various other matters have already been prepared for you. So, come and sign up with your creative ideas !

KUALA LUMPUR, Malaysia, Jan. 14, 2025 /PRNewswire/ —

Competition Introduction

2024 China-ASEAN College Students’ AI Application Innovation, co-organized by Guangxi Tus Innovation Cross-Border E-commerce Co., Ltd & Brunsfield TusStar Sdn. Bhd. (TusStar Malaysia), aims to provide a platform for university students from China and ASEAN countries to exchange ideas and learn from each other, focusing on innovative elements such as artificial intelligence, vocational education, and the digital economy. It is dedicated to nurturing a new generation of youth who can adapt to the digital era, drive educational transformation through technology, and promote innovative cooperation and development of AI technology within the digital economy. We sincerely invite outstanding young talents to participate and jointly realize our innovative dreams from around the world!

Participants

It is face to Full-time college and undergraduate students from China and ASEAN countries (including international participating teams).

Competition Process and Schedule

Pre-registration and Preliminary Selection: November 29, 2024, 00:00 – February 14, 2025, 12:00
Online registration and submission of entry materials, preliminary screening of projects

Pre-competition Coaching: December 1, 2024February 14, 2025
Industry mentors’ sharing sessions, systematic understanding of AI applications, development of creative proposals

Project Coaching: February 19March 10, 2025
AI technology training, mentor guidance on projects

Final Road Show: Early March 2025
Onsite Final Road Show in Kuala Lumpur, Malaysia (combining online and offline elements)

Award Ceremony: Early March 2025
Award ceremony, expert and scholar symposium, sharing cutting-edge knowledge on the digital economy.

Award Settings

Gold Award*1  The prize of 4000 RMB/team
Silver Award*2  The prize of 3000 RMB/team
Bronze Award*3  The prize of 2000 RMB/team
And Most Creative Award 、Most Potential Award、Merit Award
You can get honor certificate, incubation support, internship opportunities, inclusion in domestic and international project databases.

Registration Channel

Competition Official Website:www.innoai-cnaseanhub.com

Contact: Teacher Luo 13263715689

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/2024-china-asean-college-students-ai-application-innovation-recruitment-is-starting-now-302350265.html

SOURCE TusStar Malaysia

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Datalogic introduces breakthrough embedded AI solutions at NRF 2025

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Test AI-driven solutions and the latest scanning technology at NRF, Booth #5639 

NEW YORK, Jan. 14, 2025 /PRNewswire/ — Datalogic, a global leader of barcode scanning solutions in Retail, T&L and Manufacturing, is set to revolutionize the retail industry with the unveiling of its latest embedded AI solutions and new products at the National Retail Federation (NRF) 2025 exhibition in New York.

From the first introduction of an automated checkout in 1974 to revolutionary solutions brought to the Retail World, Datalogic remains the undisputed leader in innovation. Datalogic is exhibiting its solutions at booth #5639.

The new Datalogic AI Loss Prevention Suite, featuring advanced machine learning models, will be available on Magellan™ multi-plane scanners and Mobile computers. This suite will support retailers reduce shrinkage across store operations, from checkout to in-store, improving both efficiency and accuracy.

Innovative Solutions for Loss Prevention at Checkout
Available exclusively on the Magellan series scanners, and fully integrated, debuting at NRF and scheduled for launch in 2025:

Produce Recognition on Magellan 9900i recognizes and identifies fresh produce with unparalleled accuracy, streamlining checkout processes and reducing errors.Ticket Switching Detection on Magellan 9600i, a groundbreaking feature identifying barcode substitutions that can result in pricing discrepancies, helping retailers safeguard revenue and maintain pricing integrity.Scan Avoidance Detection on Magellan 9600i, identifies potential instances where items are intentionally or unintentionally not scanned, offering retailers a proactive tool to minimize shrinkage.

Innovative Solutions for Loss Prevention In-store
Available exclusively with our latest and most advanced self-shopping software Shopevolution™ 8, debuting at NRF and scheduled for launch in 2025:

      4. AI Audit Rules for Shopevolution 8, equipped with AI and machine learning pre-trained models, helps to trigger audits only when needed using dynamic and real-time data, map shopping behavior and analyze shrink, enabling data-driven decisions.

A Milestone in Retail Technology
Unlike other solutions reliant on third-party partnerships, Datalogic’s embedded proprietary AI technology ensures seamless integration, robust performance, and unrivalled competitiveness. These solutions highlight Datalogic’s commitment to empowering retailers with advanced tools to optimize operations and enhance customer experience.

Datalogic is excited to welcome NRF attendees to visit booth #5639, where they can experience the latest advancements in AI-powered solutions and scanning edge technologies. Our expert team will be on hand to showcase how these intelligent solutions are transforming the way businesses operate in today’s fast-paced world. Don’t miss this opportunity to see how Datalogic is shaping the future of retail and beyond.

Datalogic Group

Global technology leader in the automatic data capture and factory automation markets since 1972, specialized in the designing and production of barcode readers, mobile computers, sensors for detection, measurement and safety, machine vision and laser marking systems.
Datalogic S.p.A. is listed in the Euronext STAR Milan segment of the Italian Stock Exchange since 2001 as DAL.MI. Visit www.datalogic.com.
Datalogic and the Datalogic logo are registered trademarks of Datalogic S.p.A. in many countries, including the U.S.A. and the E.U. Other trademarks belong to their respective owners.

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SOURCE Datalogic

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ASMO Announces First Warehouse Operations Go-Live and Strategic Partnership with Aramco

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DHAHRAN, Saudi Arabia, Jan. 14, 2025 /PRNewswire/ — ASMO, a joint venture between Saudi Aramco Development Company and DHL, yesterday announced the official launch of its operations, marking a significant milestone just one year after its incorporation. The announcement was made during the iktva Forum & Exhibition 2025 at the Dhahran Expo, held under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al-Saud, Governor of the Eastern Province, Saudi Arabia.

Coinciding with its operational launch, ASMO unveiled a landmark 15-year Procurement and Logistics Hub Services Agreement with Aramco. This strategic commercial partnership governs the relationship between Aramco as a customer and ASMO as a service provider. Under this agreement, ASMO will deliver integrated end-to-end supply chain services, including procurement, demand planning, inventory management, logistics, warehousing, establishing logistics hubs, and access to a B2B e-marketplace.

“This agreement reflects Aramco’s commitment to enhancing supply chain operations and strengthening local capabilities,” said Sulaiman M. Al Rubaian, Aramco Senior Vice President of Procurement & Supply Chain Management (A). “Our long-term agreement with ASMO demonstrates our trust and confidence in its ability to deliver integrated supply chain solutions that will optimize operations, drive cost-efficiency, and build an extensive supply chain ecosystem that is aligned with our strategic priorities.”

ASMO’s operational launch begins with the go-live of its warehousing operations in Riyadh, supporting Aramco’s central region operations.

“With the launch of our first warehouse operation in Riyadh and this strategic commercial agreement with Aramco, ASMO is taking its initial steps toward building a resilient logistics network that spans six strategically located, technology-enabled facilities across the Kingdom,” said Craig Roberts, ASMO CEO. “This milestone represents the beginning of our operational journey, as we expand our capabilities, address today’s supply chain challenges, and deliver solutions that create value for businesses across Saudi Arabia and the wider MENA region.”

As a key participant at iktva 2025, ASMO’s announcement demonstrates its commitment to advancing localization efforts, enhancing logistics infrastructure, and contributing to Vision 2030’s goal of positioning Saudi Arabia as a hub for global trade and supply chain excellence.

About ASMO

We are ASMO. Our mission is to provide reliable, world-class, procurement and end-to-end supply chain services that create value for companies in the energy, chemical, and industrial sectors across Saudi Arabia and the wider MENA region.

With a focus on efficiency, innovation, and cost optimization, we deliver streamlined and sustainable supply chain solutions. Our expertise includes materials procurement, inventory management, logistics, reverse logistics, and warehousing—all powered by cutting-edge technologies.

As a contributor to Saudi Arabia’s Vision 2030, ASMO supports economic diversification and resilience by advancing localization and building strategic partnerships.

To learn more about ASMO, please visit our website www.asmo.com.

Photo – https://mma.prnewswire.com/media/2597550/ASMO_Aramco.jpg

 

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SOURCE ASMO

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