An overview of the battery raw materials markets and their price moves from the past week.Read More
State-owned Finnish company, Terrafame, will boost investment in developing a battery chemical plant in Sotkamo, Finland, amid a record-high quarter for zinc and nickel production output, the mining company said in a release this week.The investment, said to be worth ?,?240 million ($273 million), has received principle funding of ?,?100 million from parent company Finnish Minerals Group, with add...Read More
A summary of Glencore's third-quarter production results for the three months ended September 30 (own-sourced output volume, year-on-year change):Copper - 366,900 tonnes, + 21% Increase reflects the restart/ramp-up of Katanga operations in the Democratic Republic of Congo. Katango restarted in December 2017. Own-source copper metal from Katanga increased by 10% quarter on quarter to 39,300 tonnes...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the minor metals markets in the week ending Friday October 26, and the reasons for any price moves.Read More
Ferrous scrap prices moved in differing directions in the various global markets over the week from Monday October 22 to Friday October 26, depending on their market fundamentals.Import prices in the key Turkish market were on a slight upward trend due to consistent demand, while prices in Asia dipped because there was sufficient supply and weak demand.Export prices on the West Coast of the United...Read More
Prices of several alloy scrap grades eased this week, albeit only marginally - a reflection of continued poor demand and a fall in nickel prices.Fastmarkets MB assessed UK domestic 18/8 scrap solids at ?840-880 ($1,080-1,132) per tonne delivered on Friday October 26, down by ?10-20 from the previous assessment.European import prices for 18/8 scrap solid also slipped, dipping by ?,?10 per tonne a...Read More
The price of shredded ferrous scrap imported into India edged up this week ahead of an expected a slowdown for the religious festival of Diwali, sources told Fastmarkets on Friday October 26.Fastmarkets' weekly index for containerized imports of shredded scrap into India inched up to $355.67 per tonne cfr Nhava Sheva on October 26, from $354.42 per tonne cfr Nhava Sheva on October 19.Deals this we...Read More
Comex copper prices dipped Friday morning in the US with a stronger dollar providing a serious headwind against the base metals complex.The copper price for December settlement on the Comex division of the New York Mercantile Exchange fell 2.50 cents to $2.7295 per lb. Broad strength in the dollar, which is trading at its highest level since July, is proving the most prominent headwind to bas...Read More
A summary of Glencore's third-quarter production results for the three months ended September 30 (own-sourced output volume, year-on-year change):Copper - 366,900 tonnes, + 21% Increase reflects the restart/ramp-up of Katanga operations in the Democratic Republic of Congo. Katango restarted in December 2017. Own-source copper metal from Katanga increased by 10% quarter on quarter to 39,300 tonnes...Read More
The continuing use of trade tariffs applied to global movements of steel and aluminium products is expected to open up opportunities for strategic investors in metals and mining which are looking to consolidate and stay competitive, according to a report by global consultancy firm PwC.PwC noted that foreign businesses are starting to target inbound mergers and acquisitions (M&A) activity in the Un...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
China's domestic spot battery-grade lithium carbonate prices have started to move up this week after continuous price decreases since November 2017 due to reduced production from Qinghai, stronger industrial-grade lithium carbonate prices and lower stocks of lithium compounds.China's battery-grade lithium hydroxide prices held steady on quiet demand, while prices for the rest of the world went dow...Read More
Usiminas, Brazil's largest flat steel producer, focused on the domestic market during the third quarter and achieved its highest steel sales volume since the fourth quarter of 2015, its earnings report shows.Steel shipments rose by 8.96% to 1.11 million tonnes from 1.02 million tonnes a year before, the company reported on Friday October 26. The steelmaker sold 992,000 tonnes to Brazilian customer...Read More
Domestic prices for coated steel coil products in Turkey decreased in the week ended Friday October 26, with demand remaining poor in the local market.Market participants were not expecting much improvement in local demand until the end of 2018, because of the low end-user requirements and the recent economic problems in the country.The Turkish lira lost significant value in August and September,...Read More
Sentiment in Turkey's flat steel market remained negative in the week ended Friday October 26, with prices going down, sources told Fastmarkets.Market participants did not expect local demand to improve until at least the end of 2018, because of the unwillingness to restock before the year-end. But they were uncertain about further price falls because of high costs for scrap and other raw material...Read More
Metal Bulletin reviews the major stories that have affected the steel market during the week ended October 26.Raw Materials The Singapore Exchange's high-grade iron ore derivative contract will promote efficiency and transparency in price discovery and risk management related to this segment of the steelmaking raw material, market participants say.Global miner Vale has room to replace sales of low...Read More
Domestic rebar prices in Poland have been largely stable over the week, but the mills are likely to try to achieve higher prices in November, sources told Fastmarkets MB on Friday October 26.The sources, however, doubt that the rise of official offers will be reflected in the transaction prices.Polish steelmakers are expected to announce new prices in early November. In the meantime, no deals have...Read More
The latest metal markets news and price moves to start the North American day on Friday October 26. Base metals prices on the London Metal Exchange were lower across the board during morning trading on Friday October 26, with a marked downturn in global equity markets prompting further risk-aversion while a continued surge in the dollar index kept prices subdued.The three-month nickel price deprec...Read More
Pig iron exporters in Brazil kept their prices low during week ended Friday October 26, despite the national currency becoming stronger.Fastmarkets' weekly price assessment for pig iron exports from the south-eastern Minas Gerais region on October 26 was stable at $350 per tonne fob.One cargo from southern Brazil was...Read More