World manganese ore production will increase by 7.60 million tonnes (13%) in 2021, reflecting a post-pandemic recovery in production and new mining projects mainly in Africa and Australia, according to Eva Yang, China representative at the International Manganese Institute (IMnI). Speaking at the International Ferro-alloys and Mineral Products Summit held by Ferroalloy.net on Friday June 18, Yang...Read More
Iron ore prices fell across the board on Monday June 21 because limited demand for steel weakened sentiment for the steelmaking raw material, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $208.15 per tonne, down $10.75 per tonne 62% Fe low-alumina fines, cfr Qingdao: $210.00 per tonne, down $10.24 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $175.53 per tonne, do...Read More
Key data from the Friday June 18 pricing session in China.Key drivers Spot cobalt metal price moved up amid strengthening futures market and continuing increases in the international benchmark metal price. Buyers sent more inquiries, but buying activities remained thin.Cobalt tetroxide prices were mostly rangebound, but more producers have started...Read More
Russian based mining company Norilsk Nickel (Nornickel) will begin to ship the first batches of carbon-neutral nickel to customers in the coming weeks, the company said on Monday June 21.The company announced that they are taking steps to mitigate their carbon footprint, which includes efforts to cut CO2 emissions across the whole production chain as well as upgrading and investing in energy moder...Read More
Domestic prices for steel rebar in Russia's Central Federal District around Moscow remained firm in the week to June 21 with good demand from construction, sources told Fastmarkets.July rebar offers to traders from local mills ranged from 69,500-71,000 roubles ($954-975) per tonne cpt in the week to June 21, largely unchanged from June offers, sources said.Tula Steel...Read More
China's domestic rebar prices fell sharply on Monday June 21 amid weaker demand and declining iron ore futures.DomesticEastern China (Shanghai): 4,880-4,920 yuan ($754-761) per tonne, down 80-90 yuan per tonne Some construction projects in several major Chinese cities, including Beijing and Shanghai, have stopped work ahead of July 1 celebrations marking the 100th anniversary of the founding of th...Read More
Lundin Mining has cut its expectation for copper produced at its Candalaria mine in Chile by 13.8%, and output may be affected for years to come, the company said on June 21.Candalaria's copper output will be 150,000-155,000 tonnes in 2021, down from a previous forecast of 172,000-182,000 tonnes, the company said. At 85,000-90,000 ounces, gold production will be down by 10.3%.Taking the high-end o...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...Read More
Work is under way in Fredrikstad, Norway, to build a plant that will be key to electric vehicle (EV) transportation in Europe.The final touches are being made to Fredrikstad's Hydrovolt factory, a joint venture between aluminium producer Norsk Hydro and battery producer Northvolt that will recycle 8,000 tonnes of EV batteries per year when ramped up - making it one of Europe's top p...Read More
Special bar quality (SBQ) steel prices increased in the United States in June on higher mill base prices and increased surcharges while some mills continued to sell forward production for a number of SBQ products to the end of the year, according to market participants.Fastmarkets' assessment for steel bar hot-rolled special bar quality 1-inch round 1000 series (carbon), fob mill US was at $61.50...Read More
Buyers are accepting higher prices for hot-rolled coil from European mills, but the number of offers and traded volumes remain limited, sources told Fastmarkets on Monday June 21.German and other Northern European producers were reportedly holding back from making new offers because their order books are good and they prefer to take their time before providing new prices to buyers. The region's st...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.Kroger added $0.06 to $38.81 after Deutsche Bank raised its target price from $36 to $41.ConocoPhillips gained $0.29 to $57.82 after Mizuho raised its target price from $73 to $82.Amazon advanced $7.02 to $3,493.92 in anticipation of a successful two day Prime Day marketing program launch...Read More
Here are five Fastmarkets stories you might have missed on Friday June 18 that are worth another look.Prices for flat-rolled steel products imported into South America increased in the week ended June 18 amid reports of higher freight rates and more expensive deals.China has started cautioning...Read More
The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesJune 2, 2021: 120 tonnes (10 tonnes each month from January to December 2022, all at $21.45 per lb)June 17, 2021: 240 tonnes (10 tonnes each month from January to December 2022, all at $22.95 per lb; 10...Read More