The Indian silico-manganese export market will come under pressure in the near term because of slow demand and falling manganese ore markets, Fastmarkets heard on Tuesday October 27.The market has been softening in recent weeks although it was now back at a level last seen on August 14.Fastmarkets' most recent price assessment for silico-manganese, 65% Mn min, min 16% Si, fob India, was $860-890 p...Read More
Several large steel projects located in Southeast Asia, underpinned by Chinese investment, are nearing completion and will provide a huge boost to production capacity in the region. Of the 59.9 million tonnes of major carbon steel production capacity planned to come on stream in the next decade in Southeast Asia, 39.4 million tonnes will come from Chinese-led projects, according to statistics from...Read More
ArcelorMittal has restarted the No3 blast furnace at its Tubar??o facility in Brazil's southeastern Esp?-rito Santo state, on Sunday October 25, the company announced.The equipment has an output capacity of 2.8 million tonnes per year of crude steel and has been halted since April because of the adverse economic situation from the impact of the Covid-19 pandemic."The decision aims to supply client...Read More
Mongolia shipped twice as much metallurgical coal to the Chinese market than Australia in September, confirming its position as the key supplier of the steelmaking raw material to China.Mongolia sent 3.89 million tonnes of coking coal to China in September, while Australia shipped 1.98 million tonnes. In August, China imported 3.07 million tonnes of coking coal from Mongolia, and 3.02 million tonn...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 27 that are worth another look.Fastmarkets' Steel Success Strategies Online event started on Monday October 26. Here are four things that we learnt during the European Steel Panel on the first day of the forum.Aluminium producer...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 27.Read More
The development of lithium hydroxide facilities is a priority for Australia's renewed critical mineral strategy, Jessica Robinson, head of the government's Critical Minerals Facilitation Office, said."We are already the largest producer of lithium and we have the second-largest reserves in the world... Now we are looking to move further down the supply chain," Robinson said during Fastmarkets' vir...Read More
The need for governments, communities and lithium industry participants to have a clear focus on how mining assets and the regions in which they operate are developed is crucial for sustainable lithium production, panelists told delegates at Fastmarkets' virtual Lithium Supply & Markets conference on Tuesday October 27. When people talk about the sustainability of a mining project, they tend to th...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 27 that are worth another look.Fastmarkets' Steel Success Strategies Online event started on Monday October 26. Here are four things that we learnt during the European Steel Panel on the first day of the forum.Aluminium producer...Read More
Several large steel projects located in Southeast Asia, underpinned by Chinese investment, are nearing completion and will provide a huge boost to production capacity in the region. Of the 59.9 million tonnes of major carbon steel production capacity planned to come on stream in the next decade in Southeast Asia, 39.4 million tonnes will come from Chinese-led projects, according to statistics from...Read More
Three-month base metals prices on the London Metal Exchange lacked a clear direction at the close of trading on Tuesday October 27, with a weaker US dollar and a slew of positive data from the region failing to outweigh the uncertainty about the country's presidential election on November 3.Some analysts suggested that the market was merely "holding up" in the interim before the much-anticipated p...Read More
The seaborne premium hard coking coal price in the fob Australia market rose on Tuesday October 27 amid strong trade on a trading platform, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.78 per tonne, up $8.04 per tonnePremium hard coking coal, cfr Jingtang: $119.83 per tonne, unchangedHard coking coal, fob DBCT: $95.77 per tonne, up $0.25 per tonne Hard coking coal, cfr...Read More
London Metal Exchange three-month base metals prices were upbeat during morning trading on Tuesday October 27, recovering from broad consolidation on Monday ahead of Chinese policy meetings scheduled this week, while LME copper futures struggled to breach nearby resistance despite steady volumes. LME copper's outright price was recently trading at $6,785.50 per tonne on Tuesday morning, declining...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Approaching the end of the calendar year, steelmakers and consumers enter a busy period of contract negotiations for supply for 2021 or at least the first quarter or half year.With the sharp increases in spot market steel prices during recent months, steelmakers are understandably looking to take advantage and secure higher c...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for most ferro-alloys maintained their upward momentum into October, solidifying previous gains and reflecting the improved demand from steelmakers, the rebuilding of depleted inventories, and the supply-side concerns following both planned and unplanned outages. Gains were noted for ferro-silicon, silicon metal, mang...Read More
Ferrous scrap prices in Mexico remained stable in the country's northern region over the past week, but increased slightly in the the central Baj?-o region, because of low availability for certain grades, Fastmarkets heard on Tuesday October 27.In Baj?-o, some scrap buyers applied price increases of around 100-200 pesos ($5-10) per tonne during the week ended on October 23, while other buyers did...Read More
South American lithium production is the backbone of the lithium supply chain and will continue to play an important role in the years ahead along with growing demand for lithium from the electric vehicles (EV) sector, panelists said during the Lithium Supply & Markets conference on Tuesday October 27. "The role of south America is to lead the way into changing the dialog around [the sustainabilit...Read More
Teck Resources has shaved off 5,000 tonnes from its copper production guidance for the second half of 2020, mainly due to a decrease in mill throughput and lower copper grades from its Highland Valley copper mine in British Columbia, Canada, the company said on Monday October 26.Teck expects to produce 140,000-155,000 tonnes of copper in the second half of this year, compared with the previous est...Read More
Three-month base metals prices on the London Metal Exchange lacked a clear direction at the close of trading on Tuesday October 27, with a weaker US dollar and a slew of positive data from the region failing to outweigh the uncertainty about the country's presidential election on November 3.Some analysts suggested that the market was merely "holding up" in the interim before the much-anticipated p...Read More
Aluminium producer Vedanta has named London-based trading house Concord Resources as its third European marketing agent, it said on Tuesday October 27.Concord will be responsible for the aluminium billet and primary foundry alloy markets in north and west Europe, which include the United Kingdom, Scandinavia, France, Germany, Spain, Portugal and the Benelux region, a Vedanta spokesperson told Fast...Read More