Base metals prices on the London Metal Exchange were down across the board at the 5pm close of trading on Tuesday October 26.The three-month aluminium price lost more ground, closing 1.6% lower, at $2,829 per tonne.Aluminium was the most-traded metal on LMESelect throughout the day, with 23,151 lots traded by 5:30pm, compared with just 9,243 lots of copper."In line with our expectations, discussed...Read More
Seaborne premium coking coal prices inched downward on Tuesday October 26 with no trading in the market. Meanwhile, Chinese mills were still to accept the domestic coke price increase proposed on Monday.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $614.37 per tonne, down by $0.77 per tonneHard coking coal, cfr Jingtang: $568.59 per tonne, unchangedPremium hard coking coal, fob DBCT:...Read More
Mexican ferrous scrap prices declined again over the past week, with lower prices becoming more widespread among buyers in the country's two main markets, sources told Fastmarkets.But market participants believe prices are close to reaching a bottom, with some buyers having difficulty securing deals at lower prices."We continued to see low prices, but it seems that prices are reaching a minim...Read More
A summary of the operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the third quarter (July-September) of 2021In brief?EUR? In the third quarter, NLMK's consolidated sales decreased by 4% compared with the second quarter, to 4.1 million tonnes amid steel output reductions at its Russian flat steel division.?EUR?...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 26 that are worth another look.A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau...Read More
China imported 20,519 tonnes of ferrous scrap in September, a 49.39% drop compared with August's 40,540 tonnes, according to the latest Chinese customs data.Of the total, 11,750 tonnes, or 57.27%, originated in Japan.South Korea remained China's second-largest scrap supplier in September, accounting for 2,170 tonnes (10.58%) of imports.Canada with 1,621 tonnes, or 7.90% of the total, and Taiwan wi...Read More
A summary of the operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the third quarter (July-September) of 2021In brief?EUR? In the third quarter, NLMK's consolidated sales decreased by 4% compared with the second quarter, to 4.1 million tonnes amid steel output reductions at its Russian flat steel division.?EUR?...Read More
The seaborne manganese ore market strengthened further in the week to Friday October 22, with sentiment supported by price increases at Chinese ports so far this month that has improved demand despite a recent downward correction of silico-manganese prices.Prices at Chinese ports consolidated their increases, with suppliers citing tighter supply and financial losses they had incurred in the first...Read More
The aluminium industry could reduce the carbon intensity of its metal production to under one tonne by 2050 if it works towards limiting the rise in the mean global temperature to 1.5 ?C above pre-industrial levels, the International Aluminium Institute (IAI) said.In this 1.5 ?C scenario, carbon intensity would fall from an average of 16.1 tonnes of carbon dioxide (CO2) per tonne of aluminium curr...Read More
Decarbonization is too big a challenge for one single industry to tackle alone and will inevitably lead to collaborative efforts with other sectors, the deputy secretary general of the International Aluminium Institute has said.Speaking during a briefing on Tuesday October 26, Pernelle Nunez said that the aluminium industry - which is responsible for 2% of global carbon emissions due mostly to the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 26 that are worth another look.A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau...Read More
Bids for spodumene concentrate reached $2,350 per dry metric tonne (dmt) on Tuesday October 26, at Pilbara Minerals' third auction via its Battery Material Exchange (BMX) platform, sources told Fastmarkets.The bids were for 10,000 dmt of spodumene concentrate (SC 5.5%) on an fob Port Hedland basis, with shipment in February 2022, according to market participants. The previous...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 26 that are worth another look.A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau...Read More
The aluminium industry could reduce the carbon intensity of its metal production to under one tonne by 2050 if it works towards limiting the rise in the mean global temperature to 1.5 ?C above pre-industrial levels, the International Aluminium Institute (IAI) said.In this 1.5 ?C scenario, carbon intensity would fall from an average of 16.1 tonnes of carbon dioxide (CO2) per tonne of aluminium curr...Read More
Miner Sibanye-Stillwater has acquired Brazilian companies Atlantic Nickel and Minera????o Vale Verde (MVV) from Appian Capital Advisory LLP for $1 billion and an additional royalty, the companies have said.The deal will give Sibanye-Stillwater 100% ownership of both the Santa Rita nickel mine operated by Atlantic Copper, and the Serrote copper mine operated by MVV.Appian will receive $1 billion in...Read More
Seaborne iron ore prices rose on Tuesday October 26 amid some short-term positivity in demand for iron ore, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $122.30 per tonne, up $3.22 per tonne62% Fe low-alumina fines, cfr Qingdao: $124.11 per tonne, up $3.63 per tonne58% Fe fines high-grade premium, cfr Qingdao: $94.41 per tonne, up $3.44 per tonne65% Fe Brazil-ori...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 26 that are worth another look.A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau...Read More
A summary of the operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the third quarter (July-September) of 2021In brief?EUR? In the third quarter, NLMK's consolidated sales decreased by 4% compared with the second quarter, to 4.1 million tonnes amid steel output reductions at its Russian flat steel division.?EUR?...Read More
International cobalt spot metal prices have trended upward since the beginning of September, with sellers keeping the material in tight hands and offering aggressively, sources said. Meanwhile, the "mating season" is in full swing and talks about long-term contract renewals are ongoing amid an improved demand outlook for the coming year.Fastmarkets' benchmark price assessment for cobalt standard g...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 26 that are worth another look.A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau...Read More