China's leading stainless steel producer, Tsingshan Group, has raised its tender prices for July-delivery ferro-chrome by 950 yuan ($147) per tonne from that for the preceding month, the company said on Friday July 2.The eastern China-based mill set its tender price for July-delivery high-carbon ferro-chrome at 8,395 yuan per tonne. The latest tender price is 12.76% higher than the 7,445 yuan per...Read More
Spot activity in the Vietnamese ferrous scrap import market remained extremely thin amid poor demand from steel mills, sources told Fastmarkets.There was a transaction confirmed for an August-shipment cargo at $484 per tonne cfr southern Vietnam, against offers at $490-500 per tonne cfr Vietnam.Bids were at $480 per tonne cfr Vietnam."It is very, very quiet this week because of the large bid-...Read More
Interest in China for imported blister copper remained lackluster in June, with copper buyers showing a preference for domestic blister and copper scrap, Fastmarkets heard on Friday July 2.Refining charges (RC) for the intermediate product ticked upward last month, with more availability, and suppliers noting a lack of appetite for extra units.Fastmarkets assessed the copper blister 98-99% RC, spo...Read More
A flurry of low-priced transactions for Russian hot-rolled coil into Vietnam during the week to Friday July 2 has shocked market participants in Asia, causing prices to fall and depress sentiment, sources told Fastmarkets.The deals follow Russia's announcement on June 24 that it would impose temporary export duties on ferrous and non-ferrous metals sold outside the Eurasian Economic Union from Aug...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 1 that are worth another look.Brazilian exports of iron ore rose by 12.19% in June this year compared with the corresponding month of 2020, despite Vale closing down part of a large complex in southeastern Brazil, according to...Read More
The German subsidiary of Blackstone Resources AG is to increase its lithium-ion battery production capacity tenfold, the company said.According to the Switzerland-based holding company, Blackstone Technology will increase its lithium-ion battery manufacturing capacity to 500 MWh per year at its D??beln site in Saxony by 2022. The batteries are made using the company's own 3D-printing...Read More
Aqua Metals has signed a letter of intent with ACME Metal Enterprise to deploy and license the US company's lead recycling equipment at its facility in Keelung, Taiwan, the companies said.The agreement gives the two companies 60 days to finalize the deal and includes terms for licensing and a phased deployment of Aqua Metals' AquaRefining technology, which is a room temperature, water-based proces...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 1 that are worth another look.Brazilian exports of iron ore rose by 12.19% in June this year compared with the corresponding month of 2020, despite Vale closing down part of a large complex in southeastern Brazil, according to...Read More
The German subsidiary of Blackstone Resources AG is to increase its lithium-ion battery production capacity tenfold, the company said.According to the Switzerland-based holding company, Blackstone Technology will increase its lithium-ion battery manufacturing capacity to 500 MWh per year at its D??beln site in Saxony by 2022. The batteries are made using the company's own 3D-printing...Read More
The German subsidiary of Blackstone Resources AG is to increase its lithium-ion battery production capacity tenfold, the company said.According to the Switzerland-based holding company, Blackstone Technology will increase its lithium-ion battery manufacturing capacity to 500 MWh per year at its D??beln site in Saxony by 2022. The batteries are made using the company's own 3D-printing...Read More
Elkem chief executive officer Michael Koenig has resigned.Elkem will now initiate a succession process to recruit a permanent replacement for the role, while board member Helge Aasen will serve as interim chief executive officer of the Norway-based silicon and ferro-silicon...Read More
Turkish steel mills have continued their deep-sea scrap purchases at fairly stable prices, market participants told Fastmarkets on Thursday July 1.A steel mill in the Marmara region booked a Baltic Sea cargo comprising 14,000 tonnes of HMS 1&2 (95:5) at $504.50 per tonne cfr. This was the third deep-sea deal heard so far this week, with another two...Read More
Chinese steel mills in several provinces have been instructed to lower their production rates this week for environmental reasons, thereby reducing demand for raw materials, sources said on Thursday July 1."The production cuts are not limited to the Tangshan area now. Mills in Anhui, Shandong, Zhejiang, Hunan, Shanxi, and Gansu provinces have all received instructions to keep their production rate...Read More
The German subsidiary of Blackstone Resources AG is to increase its lithium-ion battery production capacity tenfold, the company said.According to the Switzerland-based holding company, Blackstone Technology will increase its lithium-ion battery manufacturing capacity to 500 MWh per year at its D??beln site in Saxony by 2022. The batteries are made using the company's own 3D-printing...Read More
Japanese carmaker Nissan and Envision AESC, the battery arm of Shanghai-based green tech company Envision Group, will invest ?1 billion ($1.38 billion) to create a new energy hub in the north-east of England.Automotive giant Nissan and Envision plan to expand facilities at their carmaking plant at Sunderland, in north-east England, into a new energy hub, they announced on Thursday July 1.The proj...Read More
Chinese battery materials producer GEM's subsidiary company will invest in a battery-grade high-purity nickel and cobalt salts project with an annual capacity of 100,000 tonnes in Jinmen, Hubei province, the company announced on Wednesday June 30.Jinmen GEM High-purity Chemical Material, subsidiary of GEM, will invest 310 million yuan ($48 million) into the project to form production lines using r...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 1 that are worth another look.Brazilian exports of iron ore rose by 12.19% in June this year compared with the corresponding month of 2020, despite Vale closing down part of a large complex in southeastern Brazil, according to...Read More
Domestic prices for hot-rolled coil across Europe were largely stable on Thursday July 1 while trading in the spot market remained limited, sources told Fastmarkets.Long lead times, exhausted credit lines among customers and the approaching vacation season contributed to a softening of buying interest, sources said. Most European buyers were doing hand-to-mouth purchases for limited tonnages this...Read More
Turkish prices for various flat steel products moved both upward and downward during June, with the future for the prices seeming to be unsure because of the broader global market uncertainty, sources told Fastmarkets on Thursday July 1.The main reasons for this were that the traditionally slow summer season has started in most countries, China has not yet announced the rate for its planned export...Read More
Domestic prices for steel wire rod stabilized at high levels in the week to Wednesday, despite softer buying, supported by limited availability, high scrap values, sources told Fastmarkets on June 30.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe was ?,?840-870 ($998-1,033) per tonne on June 30, widening down from ?,?850-870 per tonne de...Read More