Most base metals prices opened lower on the London Metal Exchange on Wednesday October 6, due to bearish sentiment stemming from the recent fears about debt problems in China.The three-month copper led the losses and was trading at $8,994 per tonne in early trading, down from $9,174 per tonne at the close on Tuesday."Fears that there could be more property debt problems in China outside of Evergra...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 6.Key driversEuropean ferro-titanium and titanium scrap markets extended their steady trend for a fifth consecutive week, with suppliers holding offer prices against expected renewed demand from steel mills.Deals were reported within current price ranges, but the bulk of expected renewed quarterly demand from steel mills for...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Alex Cooks...Read More
An overview of the consumer electronics markets and their latest price moves.Susan Zou in...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs...Read More
Base metals prices on the London Metal Exchange were mainly down on the morning of Wednesday October 6, which was in line with the weakness in Asia-Pacific equities.Brent crude oil price back above $82 per barrel - adding to inflationary pressures......could be another factor to force central banks' hands in policy tightening.There are also fears that China's Evergrande debt problem is not the onl...Read More
A Turkish mill has returned to the United States deep-sea ferrous scrap market paying a $5-per-tonne increase compared with the last US sale amid sideways trending domestic prices for cut and shredded scrap.An East Coast exporter sold a cargo to Turkey comprising 22,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap and 8,000 tonnes of shredded scrap priced at $448 per tonne cfr and $46...Read More
Fastmarkets analyst Boris Mikanikrezai and reporter Orla O'Sullivan size up the tin market ahead of LME Week, which begins Monday October 11.Tin hit an all-time high this year, and was the best performer across the base metals space with a year-to-date gain of nearly 80%. In a context of mixed macrodynamics, the remarkable appreciation of tin prices has primarily been due to extremely bullish supp...Read More
Base metals prices on the London Metal Exchange were up across the board on the morning of Thursday October 7, which was in line with the stronger tone in Asia-Pacific equities and the pullback in oil prices.* Brent crude oil price pulls back to $81 per barrel from Wednesday’s high at $83.48 per barrel.* Russia offers to increase natural gas supply to Europe.Base metalsAll of the LME base met...Read More
U.S. equity index futures were higher this morning. At 7:45 AM EDT,S&P 500 futures were up 41 points. Levi Straus added $0.90 to $25.14 after the company reported higher than consensus third quarter revenues and earnings. The company also offered positive guidance. General Motors gained $0.25 to $54.18 after the company predicted that annual sales would double to $280 billion by 2030. Twitter...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
The challenges with container shipping, including port congestion and supply chain disruptions, are likely to continue for some time, according to an executive at shipping company Oldendorff Carriers GmbH & Co.Scott Bergeron said that while Oldendorff is a dry bulk cargo shipping firm, it was receiving a surprising number of enquiries from traditional container shipping cargo owners asking for hel...Read More
Decarbonizing the shipping industry is likely to be tougher than efforts to remove its sulfur emissions, according to an executive at Oldendorff Carriers GmbH & Co.The shipping company's director of business development and strategy told a webinar that efforts by the International Maritime Organization (IMO) requiring the marine sector to cut sulfur emissions by more than 80% had been much more su...Read More
The latest data for the global manganese ore market for the week toOctober 3 2021.Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday October 5 and their latest price moves.Europe The high-carbon ferro-chrome markets continued to set new highs in response to tight supply and strong demand for material.Rising electricity prices faced by producers have added further support to offer prices.The lower end of the ranges were set by trader...Read More
Peru's base metals production largely rose in August versus the same month last year, the exception being zinc with output falling amid lower mined ore grades, according to data published by the ministry of energy and mines, Minem, on Monday October 4.Peruvian copper production totaled 202,942 tonnes in August, up by 4.63% from 193,965 tonnes in the same month last year. In January-August, ou...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
The heads of companies representing one-third of the world's mining and metals industry have signed a letter committing to a goal of net-zero Scope 1 and 2 greenhouse gas (GHG) emissions by 2050 or sooner, in line with the ambitions of the Paris Agreement.Twenty-eight companies, including Anglo American, BHP, Glencore, Rio Tinto and Vale, made a collective commitment as members of the Internationa...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More