LONDON, September 20, 2022 /PRNewswire/ — Fastmarkets, the industry’s leading cross-commodity pricing agency, announces the launch of Fastmarkets NewGen, an expanded set of products that provides transparency and clarity for a new generation of energy markets. Fastmarkets NewGen helps market participants and investors better understand the current dynamics and crystallize their vision for these markets over the next decade and beyond.
The critical drive towards sustainability has spawned a new generation of renewable energy and given greater attention to low-carbon raw materials and supply chains. Battery materials and biofuel feedstocks are the critical resources that will enable renewable energy sources to power vehicles and energy storage systems. Low-carbon feedstock grades that leverage recycled materials and clean energy sources are key to reducing the carbon intensity of supply chains.
Fastmarkets NewGen offers a comprehensive portfolio of price data, news, analysis and forecasts, meeting the critical needs of participants and investors in these markets. Fastmarkets NewGen gives context and meaning to current momentum and provides long-term forecasts to navigate the accelerated transition to a new generation of energy markets.
This transition can be seen through the lens of battery makers and automakers who are already under pressure from lithium supply shortfalls. For example, Fastmarkets’ long-term lithium forecast shows that Europe will account for 25% of global lithium demand in 2032 but will only produce 4% of global supply. This regional disconnect affects the policies of European governments, the electrification strategies and revenue streams of automakers, as well as consumer behavior.
“We are seeing a global shift to deal with the impact of climate change and the emergence of a new generation of energy markets that have very different supply chains and price dynamics,” said declared Raju Daswani, CEO of Fastmarkets. “Battery materials and biofuel feedstocks will be as heavily traded and consumed in the future as oil and gas is today. Fastmarkets NewGen will provide market players and investors with the best data and insights to make the right investment and trading decisions and will play an important role in supporting the transition to a more sustainable planet.”
The world is changing at a surprising scale and pace – the global energy market is at the center of this change. Fastmarkets NewGen provides essential transparency and clarity for a new generation of low-carbon energy markets and supply chains to help build a more sustainable world.
ABOUT QUICK MARKETS: Fastmarkets is the industry’s leading pricing information agency (PRA) for global commodities, providing price data, news, analysis and events for the metals and mining, forest products markets , energy and agriculture. Fastmarkets data is essential for clients seeking to understand and forecast dynamic and often opaque markets, enabling trading and risk management. Fastmarkets is a global company with a 130 year history built on trust and deep market knowledge. Its team of over 450 people is spread across global locations, including London, helsinki, Boston, New York, Shanghai, beijing, Singapore, Brussels and Sao Paulo. Fastmarkets is part of Euromoney Institutional Investor PLC (LSE:ERM), a company listed on the London Stock Exchange. Euromoney is a leading international business-to-business information group focused primarily on global commodity markets, banking and asset management.
SOURCE Quick Markets