Blister copper refining charges (RC) terms in China increased in June due to higher availability of overseas materials, which offset part of the capacity lost in the production halt while inspections took place over the month.The monthly blister copper 98-99% spot cif China RC rose to $215-235 per tonne, with a sale of several thousand tonnes reported at the higher end of the range and offers comi...Read More
Comex copper prices softened for the fourth consecutive day on July 2 morning in the US, with a stronger dollar keeping base metals pressured.Copper for September settlement on the Comex division of the New York Mercantile Exchange dipped 2.10 cents or 0.7% to $2.9450 per lb. The red metal is being pressured by threats of a global trade war due to increasing tariffs. New reports of president....Read More
BP plc is to buy Chargemaster, the UK's largest charging company for electric vehicles (EVs), in the latest move by oil and gas companies to tap into the electromobility revolution.Along with peers such as Royal Dutch-Shell and Total, oil conglomerate BP has been making relatively small but significant investments into the infrastructure required for charging EVs, and not just as a contributor to...Read More
Key takeaways from Industrial Minerals tenth Lithium Supply & Markets Conference, which took place in Las Vegas on June 26-28.Battery makers and new energy vehicle (NEV) manufacturers seek lower lithium prices, multi-year commitmentsThe world's largest consumers of lithium compounds, such as battery makers and NEV manufacturers, want lower and stable lithium prices. After the shortening of contrac...Read More
Blister copper refining charges (RC) terms in China increased in June due to higher availability of overseas materials, which offset part of the capacity lost in the production halt while inspections took place over the month.The monthly blister copper 98-99% spot cif China RC rose to $215-235 per tonne, with a sale of several thousand tonnes reported at the higher end of the range and offers comi...Read More
Key data from the pricing session in the week ended Friday June 29. China Chinese stainless steel mills released higher tender prices for July. Prolonged ferro-chrome smelter shutdowns have continued to tighten the market and boost prices. Imported UG2 chrome ore prices dropped due...Read More
Prices for both low-grade and high-grade cobalt tipped below $40 per lb in the week ended Friday June 29, with sellers facing continued weak demand and competition for business.Low-grade and high-grade cobalt prices were assessed on Friday at $39.70-41.00 per lb, in-warehouse, down from $40.35-41.25 per lb at the start of the week."[The market is] dead in terms of people actually booking [material...Read More
The global downtrend in antimony prices continued last week amid weakening demand.In Europe, prices for antimony with bismuth content below 100ppm or trioxide-grade in-warehouse Rotterdam moved down to $7,900-8,150 per tonne on Friday June 29 from the mid-week assessment of $8,000-8,250 per tonne.The MMTA standard grade II antimony in-warehouse Rotterdam price was stable at $7,900-8,150 per tonne...Read More
Blister copper refining charges (RC) terms in China increased in June due to higher availability of overseas materials, which offset part of the capacity lost in the production halt while inspections took place over the month.The monthly blister copper 98-99% spot cif China RC rose to $215-235 per tonne, with a sale of several thousand tonnes reported at the higher end of the range and offers comi...Read More
Turkish steel producers extended their silence in the deep-sea scrap markets on Monday July 2, but are expected to resume buying soon for August deliveries.However, the producers are waiting to see the level of demand for finished steel products before buying more scrap, according to market participants."Turkish mills ended their July bookings and will probably wait for a while to see the...Read More
Turkish domestic scrap prices have remained largely stable over the past week, with demand for material being moderate, sources said on Monday July 2.Only one steel mill changed its buy price for auto bundle scrap over the past week, while the rest kept their prices unchanged.Long steel producer ID??, in the Izmir region, increased its buy price for auto bundle scrap by TRY10 per tonne to TRY1,520...Read More
Comex copper prices softened for the fourth consecutive day on July 2 morning in the US, with a stronger dollar keeping base metals pressured.Copper for September settlement on the Comex division of the New York Mercantile Exchange dipped 2.10 cents or 0.7% to $2.9450 per lb. The red metal is being pressured by threats of a global trade war due to increasing tariffs. New reports of president....Read More
Prices for both low-grade and high-grade cobalt tipped below $40 per lb in the week ended Friday June 29, with sellers facing continued weak demand and competition for business.Low-grade and high-grade cobalt prices were assessed on Friday at $39.70-41.00 per lb, in-warehouse, down from $40.35-41.25 per lb at the start of the week."[The market is] dead in terms of people actually booking [material...Read More
Key takeaways from Industrial Minerals tenth Lithium Supply & Markets Conference, which took place in Las Vegas on June 26-28.Battery makers and new energy vehicle (NEV) manufacturers seek lower lithium prices, multi-year commitmentsThe world's largest consumers of lithium compounds, such as battery makers and NEV manufacturers, want lower and stable lithium prices. After the shortening of contrac...Read More
Panasonic is looking for consistent and lower lithium prices where all parties, producers as well as consumers, can enjoy adequate profits, according to the company's executive vice president for global procurement. Speaking at Industrial Minerals' 10th Lithium Supply & Markets conference in Las Vegas on Thursday June 28, Masaharu Nagata said Panasonic is willing to make multi-year commitments to...Read More
The export prices for hot rolled coil (HRC) from the Commonwealth of Independent States have stopped growing because trading activity has been slow, Metal Bulletin has heard.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $560-575 per tonne fob Black Sea on July 2, unchanged week on week.Ukraine's Metinvest was heard to have sold HRC at $580 per tonne cfr to Turkey. That wo...Read More
Domestic transaction prices for hot rolled coil (HRC) in the EU are expected to rise after the seasonal summer market slowdown, according to market sources.In addition, prices are expected to remain largely stable in July-August, despite a traditional downtrend in the EU flat steel market during the summer.The positive outlook is based on the likely effects of a preliminary decision in an EU safeg...Read More
Turkey imported 861,166 tonnes of flat steel in May 2018, up by 12.25% year on year from 696,242 tonnes in May 2016, according to the Turkish Statistical Institute (TUIK).The reason for the increase is strong demand for flat steel in the country in January and February 2018, and most of the orders placed then arriving in the country in May. Turkey also reduced the import duty applied to incom...Read More
US domestic merchant bar prices have risen after early June mill hikes, while import merchant bar prices held steady due to a lack of market activity following the implementation of Section 232 tariffs on steel imports from Canada, Mexico and the European Union.American Metal Market's latest price assessment for US domestic 2x2x 1/4 angle merchant bar rose to $38.05 per hundredweight ($761...Read More
Long steel prices in EU markets could rise with mills seeking to push offers upward before the announcement of a preliminary decision in Europe's current import safeguard investigation, market sources told Metal Bulletin on Monday July 2.The European Commission (EC) is expected to impose preliminary safeguard measures on steel imports early this month and, under World Trade Organization rules, it...Read More