News that several major producers had withdrawn from spot trading due to supply shortages has further strengthened China's spot ferro-chrome market, sending spot prices in the week to Tuesday June 29 to their highest point since April."With continuing energy controls in Inner Mongolia in June, our production has been increasingly disrupted due to tightened power restrictions," Jietie Ferroalloy sa...Read More
Australia-listed IGO Ltd has completed a transaction to form a new lithium joint venture with Chinese lithium producer Tianqi Lithium over the latter's Australian lithium assets, the company said on Wednesday June 30.In December 2020, the companies signed an initial investment agreement which saw Tianqi's wholly-owned subsidiary Tianqi Lithium Energy Australia Pty Ltd (TLEA) bring in IGO as a stra...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More
News that several major producers had withdrawn from spot trading due to supply shortages has further strengthened China's spot ferro-chrome market, sending spot prices in the week to Tuesday June 29 to their highest point since April."With continuing energy controls in Inner Mongolia in June, our production has been increasingly disrupted due to tightened power restrictions," Jietie Ferroalloy sa...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 30 that are worth another look.BHP announced in 2018 that the depletion of its 80-million-tonnes-per-year Yandi mine in its Western Australia iron ore operations would begin from the second half of 2021. Fastmarkets explores how the low-grade fines landscape...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 30 that are worth another look.BHP announced in 2018 that the depletion of its 80-million-tonnes-per-year Yandi mine in its Western Australia iron ore operations would begin from the second half of 2021. Fastmarkets explores how the low-grade fines landscape...Read More
Asian steel scrap imports fluctuated wildly from territory to territory in 2020, with South Korea and Bangladesh reporting decreases while Taiwan and Vietnam recorded increases.Japan, Asia's largest steel scrap supplier, exported 9.39 million tonnes of the steelmaking raw material last year - over a fifth more than in 2019.Vietnam became the single largest importer of Japanese scrap last year; at...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 Rotterdam, $/lb at...Read More
News that several major producers had withdrawn from spot trading due to supply shortages has further strengthened China's spot ferro-chrome market, sending spot prices in the week to Tuesday June 29 to their highest point since April."With continuing energy controls in Inner Mongolia in June, our production has been increasingly disrupted due to tightened power restrictions," Jietie Ferroalloy sa...Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda and...Read More
Domestic prices for cold-rolled coil in Europe inched up over the week to Wednesday June 30, despite slow trading activity, sources have told Fastmarkets.The number of transactions for domestic material has been minimal.Buyers have been refraining from purchases due to long lead times from domestic mills. They preferred to remain in 'wait-and-see' mode until the price trend became clear. Full cred...Read More
With the Chinese government setting 2030 as the target for China's carbon emissions to peak and 2060 for it to achieve carbon neutrality, the country's steel sector will have to change the way it does business.Fastmarkets speaks to market participants for their views on what these changes might be, and what challenges lie ahead.1. Reduce hot metal productionReducing hot metal output - such as via...Read More
CANADA DAY Pre-opening Comments for Thursday July 1stU.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.Johnson & Johnson added $0.67 to $165.41 after the U.S. Surgeon General said that Johnson & Johnson's COVID 19 vaccine may protect against the Delta variant.Micron slipped $1.24 to $83.74 despite reporting highe...Read More
Zinc premiums continued to increase in Antwerp and Rotterdam on Tuesday June 29 due to low supply but sources expect a downturn in August during the seasonally weaker period, while markets elsewhere were either stable or down during the week.Northern Europe zinc premiums set 40-month high on persisting supply tightnessLead, zinc premiums steady in US despite low availabilityContango, faltering dem...Read More
European steel H-beam prices remained stable on Wednesday June 30, with mill-led price increases slowing ahead of the summer break, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?1,030-1,050 ($1,226-1,250) per tonne on June 30, unchanged week on week.This is the second week of price stability after a period of consistent w...Read More
Antofagasta has agreed to supply four major Chinese smelters with copper concentrates in the first half of 2022, with a treatment charge in the mid-$50s, Fastmarkets understands.The Chilean copper miner and representatives from China Copper, Jiangxi Copper, Tongling Nonferrous and Jinchuan Group held meetings for three days since Monday, sources said, with an agreement finally reached on the eveni...Read More
Iron ore prices rose on Wednesday June 30 when concerns were raised about China's overall crude steel output for 2021, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $214.08 per tonne, up by $1.75 per tonne62% Fe low-alumina fines, cfr Qingdao: $217.85 per tonne, up by $2.91 per tonne58% Fe fines high-grade premium, cfr Qingdao: $180.95 per tonne, up by $1.33 per t...Read More
BHP announced in 2018 that the depletion of its 80-million-tonnes-per-year Yandi mine in its Western Australia iron ore operations would begin from the second half of 2021. Fastmarkets explores how the low-grade fines landscape will adapt to the loss of this key brand. 1. How will the market move forward? Some traders believe the depletion of the Yandi mine will most likely prompt market participa...Read More
Hot-rolled coil prices across China's domestic market moved higher on Wednesday June 30, supported by futures prices that are underpinned by expectations of lower production for the rest of this year. Domestic Eastern China (Shanghai): 5,420-5,460 yuan ($839-845) per tonne, up by 10-30 yuan per tonne from 5,390-5,450 yuan. The most-traded HRC contract on the Shanghai Futures Exchange resumed its r...Read More
Steel rebar prices in the north of Europe have remained firm at a high level over the past week, supported by strong demand, low stocks at buyers and limited imports, sources told Fastmarkets on Wednesday June 30.Producers in the region were reported to have no spare volumes for July, sources said.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern...Read More