Seaborne premium hard coking coal prices edged higher in the fob market on Thursday April 22, boosted by an increase in restocking activity, but cfr prices continued to be relatively flat, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.28 per tonne, up $1.28 per tonnePremium hard coking coal, cfr Jingtang: $220.54 per tonne, up $0.19 per tonneHard coking coal,...Read More
With the exception of lead, base metals prices on the London Metal Exchange were down during morning trading on Thursday April 22. This comes after a day of strength on Wednesday, when aluminium rose to a fresh 2021 high and copper and nickel both ended the day 1% higher.Lead's three-month price was the only one to continue the upside momentum on Thursday morning, following a brief pause on Tuesda...Read More
Aluminium prices on the London Metal Exchange set fresh multi-year highs on Wednesday April 21, while copper and tin shied away from previous highs, and the rest remain rangebound this morning.India reported 315,000 new Covid-19 infections on WednesdayHaven assets on the riseBase metalsLME three-month base metals prices were down across the board by an average of 0.4% this morning, but volume has...Read More
Mining company CMOC and trading subsidiary IXM will join the RCS Global Group's Better Mining upstream assurance and impact initiative to improve the conditions for artisanal and small-scale mining, it said on Thursday April 22.The Better Mining program is active across 27 cobalt, copper and conflict minerals extraction sites. Its aim is to monitor and support the improvement of conditions in and...Read More
The latest tender from the Chelyabinsk Zinc Plant (CZP) for 500kg of indium, which took place in the week ended April 16, attracted only two bidders and was cancelled, Fastmarkets learned on Thursday April 22.The previous indium tender, a month earlier, had also been suspended.CZP is Russia's largest producer of special high-grade zinc and zinc alloys, and supplies indium as a by-product."Usually,...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,...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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....Read More
A summary of Anglo American's output figures for the first quarter of 2021, according to its production report published on Thursday April 22.In brief Copper output increased by 9% year on year in the first quarter due to strong performances at the Los Bronces and Collahuasi mines in Chile, but nickel production was down by 7% from the first quarter of 2020 and by 14% from the fourth quarter 2020,...Read More
A summary of China's minor metals exports for March 2021.In brief China's exports of indium increased due to the gradual recovery in overseas demand, with South Korea the main destination. China's exports of bismuth surged in March due to stock replenishment by overseas buyers. Most materials were...Read More
A summary of Australian miner OZ Minerals' copper and gold production results for the first quarter of 2021, as released on Thursday April 22.In brief The company reported a solid operational performance during the first three months of the year, with group production guidance said to be on track.With...Read More
Chinese stainless steel prices fell in the week ended Wednesday April 21 on sellers' need to destock and weakness in the nickel market.The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday at $16,122 per tonne, down by $135 per tonne from $16,257 per tonne a week earlier.The most-traded June nickel contract at the Shanghai Futures Exchange clo...Read More
The European Commission (EC) has issued merger control clearance for the planned joint venture (JV) between Aurubis and TSR Recycling on April 22, clearing the way for the partnership to go forward, Aurubis said.The two German companies announced their intention to form a JV that would unite the cable dismantling activities of Aurubis' subsidiary Cablo Metall-Recycling und Handel (Cablo) and those...Read More
China imported 31,496 tonnes of steel scrap in March of 2021, with 20,493 tonnes, or 65.1% coming from Japan, according to the country's General Administration of Customs.South Korea was the second-largest scrap supplier to China in March, supplying 6,290 tonnes, about 20% of China's ferrous scrap imports in the month, with Hong Kong (6.9% of the total) and Malaysia (3.9%) the other significant so...Read More
Tata Steel has filed a lawsuit against Liberty Steel over its speciality steel business deal made in 2017, Fastmarkets heard on Thursday April 22.A Tata Steel spokesperson confirmed the company has filed a commercial court claim against Liberty Steel concerning the speciality steel division deal, however, the spokesperson declined to go into more details because this is an active case.Liberty Stee...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening comments. American Express dropped $4.84 to $142.32 after reporting lower than consensus first quarter revenues. Intel dropped $1.10 to $61.47 after reporting higher than consensus first quarter earnings, but less than consensus first quarter revenues. The company also released lower than consen...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 21 that are worth another look.Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.Bipartisan...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 21.Read More
Aluminium prices hit a new year-to-date high of $2,368 per tonne on the London Metal Exchange on Wednesday April 21, while most other base metals prices also closed higher, with stock markets in the United States rising, the Dollar Index falling, and speculative buyers taking advantage of Tuesday's dips.The three-month price of aluminium closed up by 1.6% to $2,364 per tonne from its Tuesday price...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 21 that are worth another look.Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.Bipartisan...Read More
The spot ferro-chrome market in China continued its downward trend in the week to Tuesday April 20, despite some newly implemented production cuts in southern parts of the country.Following Inner Mongolia's energy cuts, a couple of other regions issued notices about dual control of energy consumption and intensity in the past week.Some smelters in Guangxi province were heard to have idled their fu...Read More