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...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, $/lb at 23.95-25.00 on Wednesday...Read More
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
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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
Key data from Fastmarkets' pricing session in Europe on Wednesday February 24. Key drivers Limited supplies of higher tin content grade (Sn 0.5-2%) scrap pushed the price to the highest since September 2012. The low tin (Sn 0.5%) content grade price was steady, with deals reported below $2 per lb, although a few offer prices have been reported above that level....Read More
A summary of Brazilian steelmaker Gerdau's financial results in the fourth quarter and full year of 2020, as stated in its earnings report published on Wednesday February 24.In brief Domestic sales volumes of both flat and long steel in the Brazil division increased year-on-year during the fourth quarter amid stronger steel demand from the construction, wind power and infrastructure sectors, drivi...Read More
The Chinese domestic price of cobalt metal surged in the first half of this week amid tightened supply and robust demand from the battery supply chain.Fastmarkets' assessment of cobalt 99.8% Co min, ex-works China rose to 390,000-420,000 yuan ($60,450-65,100) per tonne (approximately $24.26-26.13 per lb less China value-added tax) on Wednesday February 24, up by 11.3% from 358,000-370,000 yuan per...Read More
Apart from nickel on the London Metal Exchange, the rest of the base metals on both the LME and Shanghai Futures Exchange were once again stronger this morning, Thursday February 25.* US Federal Reserve Chairman Jerome Powell told Congress that it might take three years to reach the central bank’s inflation targets* Asian-Pacific equities were up strongly on Powell’s commentsBase metalsT...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 23 that are worth another look.A sustained rally in oil prices has contributed to a recent spike in freight rates for bulk shipments of steel products, sources told Fastmarkets on February 23.Industry association Verband Deutscher Metallh??ndler (VDM)...Read More
A summary of base metals premiums from across the globe for the week to Tuesday February 23.Read More
Consolidation seeped into the complex on the London Metal Exchange during trading on Tuesday February 23, with copper the only one to close higher and most metals posting lower closing prices versus Monday, when all reached new 2021 highs.Nickel's three-month price, which reached $20,110 per tonne on Monday - the mosthighest level since May 2014 - was under selling pressure on Tuesday and fel...Read More
A summary of base metals premiums from across the globe for the week to Tuesday February 23.Read More
An overview of the chrome ore and alloy markets on Tuesday February 23 and their latest price moves.China The domestic spot ferro-chrome market resumed its upward momentum after the Lunar New Year holiday (February 11-17). Inner Mongolia's continuing restrictions on ferro-alloy production means there is a supply shortage, which is feeding the bullish sentiment Many market participants anticipated...Read More
A summary of Alumina Ltd's full-year 2020 results for the period ending on December 31, 2020.The results also include the 2020 results for Alcoa World Alumina & Chemicals (AWAC), 40%-owned by Alumina Ltd and 60% owned by Alcoa.In brief Alumina Ltd recorded a net profit after tax of $146.6 million for 2020, compared with $214 million in 2019. Excluding significant items, net profit would have been...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 23 that are worth another look.A sustained rally in oil prices has contributed to a recent spike in freight rates for bulk shipments of steel products, sources told Fastmarkets on February 23.Industry association Verband Deutscher Metallh??ndler (VDM)...Read More
China's auto output and sales gained year on year in January due to the government's continuous efforts to control the Covid-19 pandemic, which helped support the prices of metal raw materials, Fastmarkets understands.The country produced 2.388 million units of vehicles in January, up by 34.6% from a year ago, China Association of Automobile Manufacturers (CAAM) data shows.China's automotive sales...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 23 that are worth another look.A sustained rally in oil prices has contributed to a recent spike in freight rates for bulk shipments of steel products, sources told Fastmarkets on February 23.Industry association Verband Deutscher Metallh??ndler (VDM)...Read More
Steel scrap prices in Mexico resumed their downtrend in the week ended Friday February 19, especially in obsolete grades, with deals reported at lower prices because of energy and gas shortages in the country.A wide range of price cuts were reported, depending on volumes and grades. Most market participants saw price reductions of 300-600 pesos ($15-29) per tonne during the week, while some buyers...Read More
Turkish deep-sea scrap import prices have continued to strengthen in line with increased demand and rising freight costs, market sources said on Tuesday February 23.The most recent transaction was on February 20, when a steel producer in northern Turkey booked a US cargo at prices of $440 per tonne for shredded and $445 per tonne cfr for bonus.The transaction raised the daily scrap indices by more...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed, although copper prices on both exchanges remain strong this morning, Tuesday February 23, while tightness on the LME dominates. There are cross currents flowing through the market; sentiment is strong while people look forward to a super-charged economic recovery once vaccines allow a return to a more normal...Read More