The Chinese silicon export price moved up following a series of domestic ex-works deals since mid-September, while in the US the price fell for the seventh consecutive month.The Chinese grade 553 silicon export price was assessed at $1,660-1,730 per tonne on Friday October 12, up 0.6% from $1,650-1,720 per tonne previously. Domestic Chinese ex-works prices have been rising since mid-September, whi...Read More
Copper concentrate treatment and refining charges (TC/RCs) rose to their highest in a year as the market gathered in London for LME Week.The Fastmarkets copper concentrate TC/RC index came in at $89 per tonne / 8.9 cents per lb on Monday October 15, a gain of $2.60 / 0.26 cents week on week to the index's highest level since October last year.Spot copper concentrates trading has been limited, with...Read More
The fate of the Tuticorin copper smelter in the southern Indian state of Tamil Nadu will be decided at the end of November because more time is required to investigate the allegedly polluting project, local media reported on Monday October 15.The Times of India reported that a panel formed by the National Green Tribunal, India's environmental safeguarding body, wanted to listen to more views from...Read More
The London Metal Exchange's published charge caps for the 2019-20 period specify increased free-on-truck (fot) rates for Germany, Spain and the United Kingdom, the exchange said in a note to members on Monday October 15. While the original fees - which came into effect on April 1, 2017 - were expected to be frozen until 2022, the LME has readdressed its rates after a period of participan...Read More
Continued uncertainty about spreads, tariffs and the viability of trade with UC Rusal have pushed participants in the European aluminium market into taking a cautious stance when negotiating next year's long-term deals.They expect premiums next year to be unpredictable, with record-low aluminium stocks likely to cause intermittent backwardations throughout the year.As a result, market participants...Read More
Comex copper prices rose to a multi-week high in morning trading on Monday October 15 amid a weaker dollar and optimism from LME Week in London last week. The copper price for December settlement on the Comex division of the New York Mercantile Exchange gained 3.00 cents to $2.83 per lb - the highest since October 4. While the rest of the complex...Read More
Aqua Metals has overcome the technical hurdles of scaling up to commercial production volumes and has begun production of lead ingots at its recycling facility in the Tahoe Reno Industrial Complex, in the US state of Nevada.The company, which is based in Alameda, California, has made significant progress toward steady-state module utilization. It will now be able to send material to its customers...Read More
Steel plate prices have remained stable in the United States despite continued weakness in sheet pricing.Fastmarkets AMM's price assessment for cut-to-length plate was at $48 per hundred ($960 per short ton) on Friday October 12, unchanged compared with the previous week.Lead times average eight weeks at mills with spot tons available, market participants said."Plate is a pain now. It's tighter th...Read More
Increasing raw material costs have driven special bar quality (SBQ) prices up by $1 per hundredweight ($20 per short ton) across all grades, with market participants reporting lead times for hot-rolled bar that extend into early February 2019.Fastmarkets AMM's price assessment for 1-inch round 1000 series (Carbon) hot-rolled bar was at $46 per cwt on Friday October 12, up from $45 p...Read More
Slab export prices from Brazil edged up late last week as producers waited for sales to the United States to resume.Fastmarkets MB's weekly price assessment for slab exports from Brazil was $490-510 per tonne fob on Friday October 12 compared with $480-500 per tonne fob on October 5.Brazilian producers are willing to sell to markets outside North America, such as Europe and Asia, at...Read More
Fastmarkets' weekly price assessments for the Russian domestic steel market will not be published on October 15, 2018, because of a public holiday affecting the regional office whose staff compile the assessments.Instead, the prices will be published on October 16, 2018.The assessments affected are the Russian domestic prices...Read More
The European Commission's imposition of tariff rate quotas on 23 steel products earlier this year is severely threatening non-integrated downstream wire rod consumers who have become increasingly reliant on imports over the last few years, the European Non-Integrated Wire Rod Processors Association (Eunirpa) said. Wire rod imports into Europe have increased sharply in the past three years - the ti...Read More
The latest metal markets news and price moves to start the North American day on Monday October 15. Base metals prices on the London Metal Exchange were predominantly lower during morning trading due to a firm dollar index, while the lead price continued its recovery.Here's how base metals prices looked at...Read More
The latest news and price moves to start the Asian day on Tuesday October 16.Base metal prices on the London Metal Exchange were mostly lower at the close of trading on Monday October 15 compared with Friday, with a softer United States' dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious. Read more in our live futures report. Here are ho...Read More
Manganese ore prices were mixed for the week ended Friday October 12, with low-grade material into China sliding due to increased liquidity following the end of the Golden Week holiday while higher-grade product ticked up in what one miner called a balanced market.Meanwhile, alloy prices fell in Europe but were flat in India and the United States. Low-grade manganese ore price falls sharply; high-...Read More
The need for investment in new lithium projects creates a need for risk management tools, but the market's immaturity creates challenges, according to panelists at an LME focus session during this year's annual LME Week. Increasing demand for lithium compounds arising out of the electric vehicle and battery boom has created an appetite to bring new projects on stream, but there are risks associate...Read More
Vale's iron ore production increased by 10.30% year-on-year in the third quarter of 2018, while sales soared by 9.40% in the same comparison.Iron ore output reached a record high of 104.95 million tonnes from July to September, compared with 95.10 million tonnes in the corresponding months a year before.The increase was due to the continuing ramp-up of the company's S11D project, in Brazil's north...Read More
The Turkish deep-sea scrap market was silent on Monday October 15, with market participants waiting to see if an improved Turkish lira will help boost prices.The Turkish lira has picked up since the country freed the American evangelical pastor Andrew Brunson on Friday afternoon, whose detention over his alleged links to proscribed political groups resulted in political tension with the United Sta...Read More
Turkish domestic scrap prices have fallen over the past week because the country's lira has started to regain some of its former value, sources said on Monday October 15.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,850-2,040 ($315-347) per tonne delivered on Monday, compared with last week's TRY1,900-2,040 per tonne.The rise in the assessment came after s...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Global Ore, 170,000...Read More