The downward trend in China's domestic rebar prices was halted by a rise in trading activity on Tuesday November 16, sources told Fastmarkets.Domestic Eastern China (Shanghai): 4,700-4,730 yuan ($737-742) per tonne, unchangedBuyers raised procurement rates on Tuesday morning in response to futures gains, which halted the decline in spot market prices, sources said.The most-traded January rebar fut...Read More
The export market for steel slab from the Commonwealth of Independent States remained quiet in the week to Monday November 15, with a various trends in different customer markets driving a lack of clarity.In the Asian region, weakening flat steel prices in China's domestic markethad a strong negative effect on other regional markets.The release of rather grim economic and property data by Chi...Read More
UK-based recycler HyProMag Ltd has established a subsidiary in Germany to roll out the commercialization of technology to recycle rare-earth magnets into the European market, a shareholder in the British company has said.Magnito Ltd is a subsidiary of Canadian minerals explorer Mkango Resources, and it holds a 42% stake in HyProMag. According to Mkango, the goal of the new German operation is to s...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More
General Motors (GM) plans to extend its control of the midstream processing chain in the next 18 months while it gets battery plants in the United States up and running, a senior company executive at the automotive manufacturer said.This is also part of a push by the automaker to create a greener supply chain via reduced movement of materials around the world, GM manager of energy environment and...Read More
General Motors (GM) plans to extend its control of the midstream processing chain in the next 18 months while it gets battery plants in the United States up and running, a senior company executive at the automotive manufacturer said.This is also part of a push by the automaker to create a greener supply chain via reduced movement of materials around the world, GM manager of energy environment and...Read More
(Updates prices) LONDON, Nov 16 (Reuters) - Prices of industrial metals easedon Tuesday as the dollar firmed on positive sentiment from avirtual meeting between the leaders of the world's largesteconomies. The closely watched conversation between Chinese PresidentXi Jinping and U.S. President Joe Biden yielded no immediateoutcomes but struck a positive tone and was seen as a chance toimprove relat...Read More
Sir Brian Bender, chairman of the London Metal Exchange for almost a decade, has died at age 72.Bender joined the LME in 2010, fresh from a lifelong career in the British civil service, and described himself in an interview with Metal Market Magazine on his retirement in 2019 as a "slightly leftfield candidate" for the role.He presided over a transformative period of change at the exchange, includ...Read More
South Korea's copper smelter LS Nikko is diversifying its raw-materials portfolio by smelting circuit boards in mobile phones collected across the country, the company said on Monday November 15.The initiative is in collaboration with mobile phone distributor SK Networks to collect 50,000 used mobile phones via an artificial intelligence-based recyling platform, which could help manage and process...Read More
Base metals prices closed lower on the London Metal Exchange on Monday November 15, extending a downward consolidation amid an uncertain macroeconomic picture and a strong United States dollar index.Nickel's three-month price registered the largest fall on Monday, with a drop of $19 per tonne from $19,979 per tonne at the close on Friday. The metal traded as high as $20,030 per tonne - its highest...Read More
Key data from the Friday November 12 pricing session in China.Key drivers China's cobalt metal price rose amid gains in the local futures market and a rally in the international benchmark cobalt metal price. Chinese cobalt tetroxide suppliers pushed up offers despite thin buying amid...Read More
Sir Brian Bender, chairman of the London Metal Exchange for almost a decade, has died at age 72.Bender joined the LME in 2010, fresh from a lifelong career in the British civil service, and described himself in an interview with Metal Market Magazine on his retirement in 2019 as a "slightly leftfield candidate" for the role.He presided over a transformative period of change at the exchange, includ...Read More
The latest data for the global manganese ore market for the week ending November 15, 2021.Read More
Sir Brian Bender, chairman of the London Metal Exchange for almost a decade, has died at age 72.Bender joined the LME in 2010, fresh from a lifelong career in the British civil service, and described himself in an interview with Metal Market Magazine on his retirement in 2019 as a "slightly leftfield candidate" for the role.He presided over a transformative period of change at the exchange, includ...Read More
Here are five Fastmarkets stories you might have missed on Monday November 15 that are worth another look.Ferro-alloy supply-side disruptions will likely continue well into 2022 with production cuts in China and capacity in other regions insufficient to meet demand amid persistent logistics constraints, panelists said on Sunday November 14 during...Read More
Global ferro-alloy markets have been supercharged this year by robust demand and supply shortages that began when the world's major producing countries faced extensive electricity limitations. With many alloy prices near record highs, conversation at this year's International Ferro-alloys conference in Prague over November 14-16 will focus on the surge in electricity prices in China and Europe, th...Read More
Still weakened manganese alloy and steel markets have reversed the rally seen in manganese ore markets since early September, with prices for both low- and high-grade seaborne manganese ore falling over the week ending November 12.Fastmarkets' manganese ore 44% Mn, cif Tianjin price index was calculated at $5.66 per dry metric tonne unit (dmtu) on Friday, down by $0.14 (-2.41%) from $5.80 per...Read More
Here are five Fastmarkets stories you might have missed on Monday November 15 that are worth another look.Ferro-alloy supply-side disruptions will likely continue well into 2022 with production cuts in China and capacity in other regions insufficient to meet demand amid persistent logistics constraints, panelists said on Sunday November 14 during...Read More
Sir Brian Bender, chairman of the London Metal Exchange for almost a decade, has died at age 72.Bender joined the LME in 2010, fresh from a lifelong career in the British civil service, and described himself in an interview with Metal Market Magazine on his retirement in 2019 as a "slightly leftfield candidate" for the role.He presided over a transformative period of change at the exchange, includ...Read More
Turkey's domestic auto bundle scrap prices have increased due to a weakening lira, while ship scrap prices have been largely stable, market participants told Fastmarkets on Monday November 15.The Turkish lira weakened further against the United States' dollar after the Turkish central bank cut the benchmark interest rate by 2% to 16% late in October.The central bank was expected to cut the interes...Read More