China's domestic rebar prices continued to drop on Thursday March 11 on soft demand caused by rain in the country's eastern and southern regions. DomesticEastern China (Shanghai): 4,610-4,630 yuan ($709-713) per tonne, down by 20 yuan per tonne Stockists lowered their prices to draw down their inventories, but trading activity did not pick up despite that due to bad weather. End users bought limit...Read More
Stakeholders across the copper value chain need to collaborate to drive widespread adoption of responsible production and consumption, participants at a panel discussion said at the Fastmarkets Copper Seminar on Thursday March 11.Speakers at "The green transition: Responsible copper production" panel on Thursday highlighted the great strides made in consumer and investor interest in responsible pr...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 Rotterdam,...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
Key data from the Wednesday March 10 pricing session in London and Shanghai.Key drivers Cobalt hydroxide payables edged slightly lower in the first half of this week with consumers either on the sidelines, wary of recent turns in the downstream...Read More
China's stainless steel prices continued to fall in the week ended Wednesday March 10 due to demand being subdued by a pessimistic outlook. Slumping nickel futures sparked bearish sentiment in the stainless steel market, sources said.The three-month nickel contract on the London Metal Exchange ended the official session on Wednesday at $16,080 per tonne, down by $1,784 per tonne - or 10% - from $1...Read More
Rio Tinto has signed an agreement to provide a first commercial batch of aluminium-scandium alloy from its North American operations to Australia-based metal additive manufacturer Amaero International Ltd.The company will deliver alloy billets made of low-carbon aluminium from its hydro-powered Canadian smelters and high purity scandium oxide from its Rio Tinto Fer et Titane (RTFT) metallurgical c...Read More
There's a risk that copper price volatility will be amplified amid a ramp-up in investor appetite for the red metal and an extremely tight physical market, leaving the sector seriously unprepared, Drakewood Capital Management's managing director said. David Lilley, who founded the commodities investment management company, said during Fastmarkets' Copper Seminar that the metal is coming off a...Read More
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday March 12, with prices generally consolidating after recent weakness/consolidation. A lack of follow-through selling suggests underlying sentiment is still bullish.United States stimulus and European Central Bank support for a continued low interest rate environment are underpinnin...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points in pre-opening traded.Index futures were virtually unchanged following release of the February Producer Price Index at 8:30 AM EST. Consensus was a gain of 0.5% versus an increase of 1.3% in January. Actual was an increase of 0.5%. Excluding food and energy, consensus was an increase of 0.2% versus a gain of...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 10 that are worth another look.High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.The majority of members of the Workers' Union at Minera Los Pelambres in...Read More
The majority of members of the Workers' Union at Minera Los Pelambres in Chile voted to go on strike after rejecting the latest labor offer from the unit's owner, Antofagasta, the union said on Wednesday March 10.According to the union, 389 members voted to walk out from the mine operations, while there were six votes to approve the offer and three abstentions. The previous labor deal will expire...Read More
Tin supply is extremely tight worldwide, resulting in a tin cash price near 10-year highs and peak premiums in all global regions in the fortnight to Tuesday March 9.After being relatively flat for a long time, European premiums made sudden jumpsTin from the government stockpile has offered no relief yet in the United StatesTaiwan's tin premium holds Premiums hit record high in 'extremely dif...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 10 that are worth another look.High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.The majority of members of the Workers' Union at Minera Los Pelambres in...Read More
The majority of members of the Workers' Union at Minera Los Pelambres in Chile voted to go on strike after rejecting the latest labor offer from the unit's owner, Antofagasta, the union said on Wednesday March 10.According to the union, 389 members voted to walk out from the mine operations, while there were six votes to approve the offer and three abstentions. The previous labor deal will expire...Read More
Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period from January 18 to Monday March 8.March 8South African manganese ore supply reductions are starting to become more obvious to the market after severe rains between December 2020 and February 2021 caused serious flooding, which halted some production and damaged rail...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 10 that are worth another look.High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.The majority of members of the Workers' Union at Minera Los Pelambres in...Read More
Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period from January 18 to Monday March 8.March 8South African manganese ore supply reductions are starting to become more obvious to the market after severe rains between December 2020 and February 2021 caused serious flooding, which halted some production and damaged rail...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 10 that are worth another look.High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.The majority of members of the Workers' Union at Minera Los Pelambres in...Read More
Turkish steel mills went quiet in the deep-sea scrap markets after the latest downturn in prices, with activity in the long steel market still slow, market participants told Fastmarkets on Wednesday March 10.Three US cargoes had been booked by two Turkish steelmakers, on Saturday and late on Monday, at around $453-456 per tonne cfr on HMS 1&2 (80:20) basis, sending daily scrap indices down by almo...Read More