Lack of support on the customer side led to a further slide in CIS steel billet export prices in the week to Thursday May 27, sources told Fastmarkets.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS dropped to $659 per tonne on Thursday, down by $11 per tonne day on day.Interest in import billet from the part of China, which had been the main outlet for CIS-origin material remain...Read More
Turkish prices for steel billet have gone down over the past week in line with the falling prices in China, while scrap import values supported the decrease, market sources said on Thursday May 27.Steel billet prices in China have made a downward correction in the past week, which consequently brought a decline in Turkish scrap import prices, because Turkey's billet and finished steel prices had b...Read More
Energy majors Royal Dutch Shell, Exxon Mobil and Chevron received landmark rebukes - in court or from investors - on Wednesday May 26 in attempts to force the companies into reducing carbon emissions.In a Dutch court, Shell was ordered to reduce carbon dioxide emissions by 45% from 2019 levels, and to do so by 2030 - doubling its current pace.Activist shareholders Engine No1 will hold two seats on...Read More
Energy majors Royal Dutch Shell, Exxon Mobil and Chevron received landmark rebukes - in court or from investors - on Wednesday May 26 in attempts to force the companies into reducing carbon emissions.In a Dutch court, Shell was ordered to reduce carbon dioxide emissions by 45% from 2019 levels, and to do so by 2030 - doubling its current pace.Activist shareholders Engine No1 will hold two seats on...Read More
China's relentless "suggestions" to industry that it wants to see stable commodity prices appear to have suppressed speculative behavior and are beginning to cool bullish market conditions, sources told Fastmarkets on Thursday May 27.Rising commodity prices were highlighted for the third time in 14 days, on Wednesday May 26, during the the weekly executive meeting of China's State Council, le...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 27 that are worth another look.Energy majors Royal Dutch Shell, Exxon Mobil and Chevron received landmark rebukes - in court or from investors - on Wednesday May 26 in attempts to force the companies into...Read More
Experts from the battery value chain shared their understanding and insights into lithium price evolution and the new lithium futures contract during a Fastmarkets' webinar on Tuesday May 25.CME Group in the United States launched a cash-settled lithium futures contract on May 3. The contract is settled against Fastmarkets' assessment of the lithium hydroxide monohydrate, 56.5% LiOH.H2O min, batte...Read More
Copper's 2.4% price rise at the close of trading on Thursday May 27, supported by the start of a strike at BHP's operations center in Chile, led the rest of the London Metals Exchange base-metals complex higher, making it the first day of strong rises following a week of lower prices.The three-month price of copper was $10,221 per tonne on Thursday at the close, up from Wednesday's $9,979 per tonn...Read More
Rio Tinto is partnering with Swedish research and development firm Comptech AB to bring a new generation of aluminium alloys to the market for use in advanced technologies, such as electric vehicles (EV) and 5G antennas, the UK-listed mining company said.The company said the products are currently undergoing qualification with automakers in Europe, who are stepping up efforts to increase their sha...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 27 that are worth another look.Energy majors Royal Dutch Shell, Exxon Mobil and Chevron received landmark rebukes - in court or from investors - on Wednesday May 26 in attempts to force the companies into...Read More
Copper's price is trading at all-time highs - and now the countries where it is mined the most want a piece of the action.The London Metal Exchange's three-month copper contract recently hit an all-time high of $10,747 per tonne - industrial commodities have broadly rallied on the expectation that government investments in green energy schemes and infrastructure projects after the Covid-19 pandemi...Read More
Experts from the battery value chain shared their understanding and insights into lithium price evolution and the new lithium futures contract during a Fastmarkets' webinar on Tuesday May 25.CME Group in the United States launched a cash-settled lithium futures contract on May 3. The contract is settled against Fastmarkets' assessment of the lithium hydroxide monohydrate, 56.5% LiOH.H2O min, batte...Read More
Copper's 2.4% price rise at the close of trading on Thursday May 27, supported by the start of a strike at BHP's operations center in Chile, led the rest of the London Metals Exchange base-metals complex higher, making it the first day of strong rises following a week of lower prices.The three-month price of copper was $10,221 per tonne on Thursday at the close, up from Wednesday's $9,979 per tonn...Read More
Iron ore prices went fell on Thursday May 27, due to limited demand in the seaborne market and at Chinese ports.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $189.73 per tonne, down $3.14 per tonne62% Fe low-alumina fines, cfr Qingdao: $190.90 per tonne, down $3.59 per tonne58% Fe fines high-grade premium, cfr Qingdao: $162.38 per tonne, down $2.64 per tonne65% Fe Brazil-origin fines, cf...Read More
Energy majors Royal Dutch Shell, Exxon Mobil and Chevron received landmark rebukes - in court or from investors - on Wednesday May 26 in attempts to force the companies into reducing carbon emissions.In a Dutch court, Shell was ordered to reduce carbon dioxide emissions by 45% from 2019 levels, and to do so by 2030 - doubling its current pace.Activist shareholders Engine No1 will hold two seats on...Read More
Lack of support on the customer side led to a further slide in CIS steel billet export prices in the week to Thursday May 27, sources told Fastmarkets.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS dropped to $659 per tonne on Thursday, down by $11 per tonne day on day.Interest in import billet from the part of China, which had been the main outlet for CIS-origin material remain...Read More
Canada will seek to work with its allies and partners to develop supply chains that will help them to meet global climate goals, according to the associate deputy minister at the Department of Natural Resources Canada (NRCan).Shawn Tupper said that this will include building mineral value chains and downstream processing, products and technologies, and leveraging mining practices, to position Cana...Read More
Exporters of metals such as tin, tantalum and cobalt from the Democratic Republic of Congo (DRC) were closely monitoring the situation in the country following the eruption of the Nyiragongo volcano over the weekend of May 22-23.The eruption, and the subsequent aftershocks, have forced the evacuation of thousands of people from the city of Goma, the capital of North Kivu province, which is around...Read More
Trade union members employed at BHP's operations center in Santiago de Chile were set to begin an indefinite strike on Thursday May 27, Fastmarkets has heard.Around 200 employees represented by the union were to stop working at BHP's Center of Integrated Operations, which manages the concentrates and cathode machinery at the company's Escondida and Spence copper mines.The strike was called after u...Read More
German copper producer Aurubis has started tests for the use of hydrogen and nitrogen to replace natural gas in its copper anode production processes, advancing the company's goal of achieving carbon-neutrality by 2050, it announced on Thursday May 27.The tests started on Thursday and were intended to investigate hydrogen use in continuous operation until the late summer. The long-term goal was to...Read More