Indonesian authorities have extended the deadline for scrap sellers to comply with new, strict import regulations until the end of the year, leading to a burst of activity in the market, market participants told Fastmarkets on Friday October 16.Rules concerning the registration of scrap exporters to Indonesia came into force on September 30, causing many deals to be canceled because some exporters...Read More
The bullish sentiment felt at the start of the week ended Friday October 16 was later tempered by lower offers for containerized ferrous scrap in the key Taiwanese import market, sources said.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $270 per tonne on Friday, unchanged from the previous day and up by...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More
DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa have formed a joint venture (JV) to extract rare earth elements and minerals from bauxite residue at New Day's Gramercy alumina refinery in Louisiana, the United States. The venture, called ElementUS, will use Enervoxa technology to separate bauxite residue into its component materials, in...Read More
The Albras aluminium smelter joint venture in Brazil has ramped up production after the seven-month stoppage of one of its lines due to an electrical transformer catching fire, the company said on Wednesday October 14."Ramp-up conclusion on production line 1 will allow us to resume full capacity at Albras for all four lines," Albras president, Jo??o Batista Menezes, said in a written statement.The...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More
DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa have formed a joint venture (JV) to extract rare earth elements and minerals from bauxite residue at New Day's Gramercy alumina refinery in Louisiana, the United States. The venture, called ElementUS, will use Enervoxa technology to separate bauxite residue into its component materials, in...Read More
A socially-distanced mating season means that contract negotiations in the minor metals, ores and alloys sector will look very different this year. Here, Fastmarkets' team considers the backdrop to the 2021 contract discussions.Seeking flexibility...Concern over the second wave of Covid-19 infections sweeping across Europe was an example of the uncertainty that negotiating parties will try conside...Read More
Chinese alumina market buying interest in seaborne cargoes grew significantly this week following a steady appreciation of the yuan since Monday, with many hoping to lock in relatively cheaper material compared with the domestic market. A higher volume of inquiries and deals over the course of the week took the benchmark alumina index on an uptrend since Tuesday. Fastmarkets' alumina index, f...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More
DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa have formed a joint venture (JV) to extract rare earth elements and minerals from bauxite residue at New Day's Gramercy alumina refinery in Louisiana, the United States. The venture, called ElementUS, will use Enervoxa technology to separate bauxite residue into its component materials, in...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More
Spot prices for Japanese heavy scrap dipped over the past week on reduced purchasing from South Korea, but market participants expect prices to strengthen again toward the end of the year.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan was ?26,500 ($251) per tonne on Wednesday October 14, down ?500-1,500 per tonne from ?27,000-28,000 per tonne a week earl...Read More
Base metals prices on the LME and the SHFE were mixed this morning, Thursday October 15, with concerns over the spread of Covid-19 and the reduced likelihood of a US stimulus package any time soon dampening optimism. Governments in Europe are trying to avoid widespread lockdowns, but Covid-19 is spreading alarmingly. United States 10-year treasury yields slip as traders turn more risk-off. Base me...Read More
Lithium supply will become tighter in 2022, supporting a significant change in the direction of prices against the backdrop of a surge in demand from the electric vehicles (EV) sector, Jonathan Evans, chief executive officer and president of miner Lithium Americas, has told Fastmarkets."We expect a turn in [lithium] prices by mid-2021, and into 2022 and beyond things will take off when supply gets...Read More
A socially-distanced mating season means that contract negotiations in the minor metals, ores and alloys sector will look very different this year. Here, Fastmarkets' team considers the backdrop to the 2021 contract discussions.Seeking flexibility...Concern over the second wave of Covid-19 infections sweeping across Europe was an example of the uncertainty that negotiating parties will try conside...Read More
Spot cobalt hydroxide payables edged higher during the first half of the week after buyers resumed their restocking drive following the week-long China National Day holiday (October 1-8), sources said.Fastmarkets' cobalt hydroxide indicator, min 30% Co, cif China widened to 77.5-80% against the price for cobalt, standard grade, (low-end) on October 14, up from 77.5-78.5% on October 9. Payables had...Read More
Hot-rolled coil prices in the United States are at their highest point in nearly 18 months amid a supply squeeze that shows no short-term signs of letting up, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $32.72 per hundredweight ($654.40 per short ton) on Thursday October 15, up by 0.7% from $32.48 per cwt on Wednesday and by 3.6% from $31....Read More
Prices in the United States for imported flat-rolled steel have inched upward on stable raw material costs abroad and the resumption of normal activity following China's Golden Week holiday, market participants said."The global market has seen a bit of an uptick this week, and everyone is trying to make one more push for higher prices," one trader source said.Hot-rolled coilFastmarkets' price asse...Read More
Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Thursday October 15 with buyers preferring to hold back from making new deals until the price trend becomes clear, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?495.63 ($582.18) per tonne on Thursday October 15, up by ?,?0.63 per tonn...Read More