Base Metal Stock Articles

AT A GLANCE: Ferroglobe revenue down by nearly 30% in 2020, but Ebitda positive

March 04, 2021 / Staff reporter

A summary of Spain-based Ferroglobe's financial results for the fourth-quarter and full-year 2020, published by the company on Tuesday March 2.In brief Ferrosilicon revenue declined by 29% to $1.14 billion for the year ended December 31, 2020, from $1.62 billion in 2019. The drop was attributed to the impact of Covid-19 on volumes and pricing across all products.The full-year adjusted earning...Read More

CONSUMER ELECTRONICS MARKET REPORT 03/03: Gallium producers hold back on offering amid uptrend

March 04, 2021 / Staff reporter

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi in...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 03/03: Tight prompt supply pushes ferro-vanadium price up

March 04, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

March 04, 2021 / Staff reporter

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...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

March 04, 2021 / Staff reporter

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...Read More

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

March 04, 2021 / Staff reporter

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...Read More

AFRICA LOGISTICS ROUNDUP: Manganese miners start to price-in weather-related disruptions

March 04, 2021 / Staff reporter

Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period ended Friday February 26.February 26South African manganese miners have started to raise prices in line with rising costs, including those incurred amid severe weather.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, rose by $0.12 week on week to $4.77 per dry...Read More

TITANIUM SNAPSHOT: Alloy price range widens lower; scrap holds firm

March 04, 2021 / Staff reporter

Key data from Fastmarkets' pricing session in Europe on Wednesday March 3.Key driversOffers weakened to as low as $7.50 per kg amid persistently quiet European consumer demand so far this year.More tenders are expected to be done in March that should provide further clarity on near-term price direction.Trader sources report firm scrap turnings...Read More

Tech Talk for Thursday March 4th 2021

04/03/2021 / Staff reporter

Fastenal ((FAST), a NASDAQ 100 stock moved below $45.26 completing a double top pattern.Medical Devices iShares (IHI) moved below intermediate support at $325.11 Technical Notes for Wednesday March 3rdSalesforce.com (CRM), a Dow Jones Industrial Average stock moved below $212.99 extending an intermediate downtrend. AutoDesk (ADSK), a NASDAQ 100 stock moved below $272.70 completing a double to...Read More

IN CASE YOU MISSED IT: 5 key stories from March 2

March 03, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Tuesday March 2 that are worth another look.The London Metal Exchange has received a significant rise in objections to its closing prices since trading on the LME Ring was halted in March 2020, new data released by the exchange...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 02/03

March 03, 2021 / Staff reporter

A summary of base metals premiums from across the globe for the week to Tuesday March 2.Please click on the thumbnail...Read More

LIVE FUTURES REPORT 02/03: Gains exceed 3.5% for LME aluminium, tin on lower US Dollar Index

March 03, 2021 / Staff reporter

Aluminium and tin showed the biggest increases at the close of trading on the London Metal Exchange on Tuesday March 2, with price support coming from a lower US Dollar Index.The dollar index went down, prompted by the advancement of a proposed $1.9 trillion Covid-19 relief package through the US Congress.Following the passing of the stimulus bill through the House of Representatives late last wee...Read More

IN CASE YOU MISSED IT: 5 key stories from March 2

March 03, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Tuesday March 2 that are worth another look.The London Metal Exchange has received a significant rise in objections to its closing prices since trading on the LME Ring was halted in March 2020, new data released by the exchange...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 02/03

March 03, 2021 / Staff reporter

A summary of base metals premiums from across the globe for the week to Tuesday March 2.Please click on the thumbnail...Read More

GLOBAL CHROME SNAPSHOT: Higher Chinese FeCr tenders boost alloy, UG2 ore markets

March 03, 2021 / Staff reporter

An overview of the chrome ore and alloy markets on Tuesday March 2 and their latest price moves.China UG2 chrome ore prices increased with buyers willing to accept higher prices after China's leading stainless steel producers - Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - raised their high-carbon ferro-chrome tender prices for March delivery by 700 yuan ($108) per tonne. The domest...Read More

Chile copper production down 0.7% year on year in January

March 03, 2021 / Staff reporter

Chile produced 457,100 tonnes of copper in January, down by 0.7% from 460,100 tonnes in the same month in 2020, the Chilean copper commission, Cochilco, said on Tuesday March 2.A decline in output at the BHP-majority-owned Escondida copper mine - the world's largest - is likely to be the main reason for the small decline, with production there falling 11.6% to 84,700 tonnes in the first month of 2...Read More

IN CASE YOU MISSED IT: 5 key stories from March 2

March 03, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Tuesday March 2 that are worth another look.The London Metal Exchange has received a significant rise in objections to its closing prices since trading on the LME Ring was halted in March 2020, new data released by the exchange...Read More

Widespread fall in Mexican steel scrap prices, regional gap widens

March 03, 2021 / Staff reporter

Prices for steel scrap in the principal Mexican markets decreased sharply in the week ended Friday February 26, amid increases in inventories and a wider gap between prices in the various regions.Fastmarkets' weekly steel scrap assessments for Mexico fell sharply in nine grades, with a number of steel producers reducing prices in all regions, and also reflecting price cuts announced recently but t...Read More

ArcelorMittal raises European long steel prices by $35-48 per tonne - sources

March 03, 2021 / Staff reporter

ArcelorMittal has raised its European long steel product prices by a minimum of ?,?30-40 ($35-48) per tonne, market sources told Fastmarkets on Tuesday March 2.The price increases relate to mesh-quality wire rod, beams and rebar and came into effect on Friday February 26...Read More

DAILY STEEL SCRAP: Turkish steelmakers pushing for higher steel prices before resuming scrap purchases

March 03, 2021 / Staff reporter

Turkish steel mills stayed out of the deep-sea scrap markets again on Tuesday March 2, focusing instead on raising steel prices following the latest surge in scrap values, market sources told Fastmarkets.The latest transaction was recorded late on Friday February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20).The transaction raised the dai...Read More

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