China's domestic rebar prices decreased on Monday November 15 after the National Bureau of Statistics (NBS) released the data for October's housing industry development.DomesticEastern China (Shanghai): 4,700-4,730 yuan ($736-741) per tonne, down by 100 yuan per tonneNewly constructed housing in area terms totaled 1.67 billion square meters in the first 10 months of this year in China, down by 7.7...Read More
Glencore International has signed a cobalt metal supply contract with battery cell producer Freyr, the companies announced on Monday November 15.The Swiss trader-producer will supply up to 1,500 tonnes of high-grade, cobalt cut cathode produced from partially recycled cobalt at its Nikkelverk operation in Norway for battery cell production at Freyr's planned Mo i Rana facility in the country. Thi...Read More
China's domestic magnesium prices rebounded above 30,000 yuan ($4,702) per tonne on Friday November 12 after dropping toward 28,000 yuan per tonne earlier in the week, according to sources.Fastmarkets' assessment of magnesium, 99.9%, exw China was 32,000-33,000 yuan per tonne on Friday, an increase of 1,000 yuan per tonne, or 3.2%, from 31,000-32,000 yuan per tonne a week earlier. Domestic spot t...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.Fastmarkets assessed Cobalt alloy grade, in-whs...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...Read More
This year's price rally in the European ferro-silicon market is showing increasing signs of weakness, with the market falling for the second consecutive week on Friday November 12, trade sources told Fastmarkets.Moreover, some traders and steelmakers said standard grade was being offered at well below ?,?4,000 ($4,577) per tonne for delivery in the first quarter amid persistently weaker prices in...Read More
Key data from Fastmarkets' pricing session in China on Friday November 12.Key drivers Following a weeks-long decline in the Chinese silicon price that brought it close to production costs, producers refused to lower their offers further. Many...Read More
The automotive industry's shift to electric vehicles (EVs) has put the sustainability efforts of its suppliers under scrutiny, Jean-Martin Van der Hoeven, chief marketing officer of ArcelorMittal's global automotive division, told Fastmarkets in an exclusive interview.One outcome of the so-called Dieselgate scandal - in which German automaker Volkswagen, among others, admitted to manipulating the...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point in pre-opening trade.Index futures were virtually unchanged following release of U.S. October Retail Sales Report at 8:30 AM EST. Consensus was an increase of 1.5% versus a gain of 0.7% in September. Actual was an increase of1.7%. Excluding auto sales, consensus was an increase of 1.0% versus a gain of 0.8% in S...Read More
(Recasts, updates prices, adds market details) LONDON, Nov 15 (Reuters) - Copper fell on Monday as datashowed weakness in China's property sector, Chinese coal pricesplunged, the U.S. dollar strengthened to a 16-month high and asupply squeeze on the London Metal Exchange (LME) continued toease.China is the biggest consumer and producer of metals. Lesshomebuilding would reduce demand, and lower coa...Read More
Here are five Fastmarkets stories you might have missed on Friday November 12 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday November 12 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday November 12 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday November 12 that are worth another look....Read More
Automotive and industrial supplier Schaeffler has signed an off-take agreement with Sweden's H2 Green Steel (H2GS) to purchase 100,000 tonnes of its near-zero CO2- free steel on an annual basis from 2025, the company announced earlier in the week.The steel will be produced via direct reduction with hydrogen from renewable energy, replacing coking coal and reducing emissions by 95% in comparison wi...Read More
The trade agreement between the EU and the US to replace Section 232 tariffs with a quota system has received a positive wecome from Europe's long steel producers, sources told Fastmarkets this week.The European Union and the United States came to an agreement on October 30, although United Steelworkers International president Tom Conway said at the time that the volumes permitted to come in from...Read More
The People's Bank of China (PBOC) will offer cheaper funding to financial institutions which provide green loans, according to a statement released by the Chinese central bank on Monday November 8.The central bank will lend money to financial institutions to help them support firms which are working toward China's energy transition goals, the statement read.Financial institutions can borrow from P...Read More
Here are five Fastmarkets stories you might have missed on Friday November 12 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday November 12 that are worth another look....Read More
Sellers of physical copper are holding out for a higher premium for 2022 contracts in the United States.No major deals were reported by the end of the American Copper Council (ACC) fall meeting in Miami, Florida this past week, although there was talk of a US copper premium in the 10-cents-per-lb range.In the US, Fastmarkets assessed the copper grade 1 cathode premium, ddp Midwest US at 8-9 cents...Read More