Global Chemicals and Materials Industry News (June 9–15, 2025)

1. US and China Hold High-Level Trade Talks in London Focusing on Rare Earth Supply

US Treasury Secretary Scott Bassent, Commerce Secretary Howard Lutnick, and Trade Representative Jamison Greer met with Chinese Vice Premier He Lifeng in London to implement the temporary trade agreement reached last month in Geneva. The talks aimed to resolve key issues such as export restrictions on rare earth minerals. The US seeks China’s commitment to expand rare earth supplies to ease shortages in manufacturing, especially in the automotive sector.

2. Honeywell Acquires Sundyne for $2.2 Billion to Strengthen Energy and Sustainability Business

Honeywell announced a $2.2 billion cash acquisition of Sundyne, a leading manufacturer of pumps and gas compressors. The acquisition will enhance Honeywell’s capabilities in energy and sustainable development sectors.

3. Aditya Birla Acquires Cargill’s Specialty Chemicals Plant in Georgia

Aditya Birla announced the acquisition of Cargill’s specialty chemicals plant in Georgia, USA, with plans to double production capacity within two years to meet growing market demand.

4. Total to Sell 50% Stake in DowAksa Joint Venture to Focus on Core Business

Total announced it will sell its 50% stake in the DowAksa joint venture for $125 million to focus on its core business, with proceeds earmarked for other strategic investments.

5. China’s Butadiene Supply Grows with Surging Imports

In the first half of 2025, China’s butadiene supply showed strong growth with increased domestic production and surging imports, exceeding downstream demand. New capacity expected to come online in the second half may further increase supply pressure.

6. MIT Develops Hydrogen Production Using Aluminum Cans and Seawater, Shows Environmental Potential

Researchers at MIT developed a method to produce hydrogen using aluminum cans and seawater. Lifecycle assessment shows the process is comparable in emissions to other green hydrogen technologies, supporting localized and on-demand production.

7. Lignin Industries Secures €3.9 Million Funding to Expand Biobased Thermoplastic Production

Lignin Industries announced €3.9 million in funding to expand production of its biobased thermoplastic Renol®, aiming for applications in electronics, home goods, and construction to reduce reliance on fossil-based plastics.

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— Claire Zhang, Director @ CHEMWI Market Consulting • Technological Innovation