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 European titanium scrap market resumed its six-month long rally over the week to Wednesday February 3 after a brief pause, with ferro-titanium suppliers set to hold their offer prices in the near term ahead of second-quarter demand from steelmakers, market sources told Fastmarkets.Both titanium scrap markets that Fastmarkets assesses have jumped about two-fold in the past six months.Fastmarket...Read More
Key data from the pricing session in London on Wednesday January 3..Key drivers Prices in Europe found support following continuous gains in China starting from early January. Producers were raising their offers and resisting lower bids, with all offers above $3 per lb.The higher offers were said to be a result of logistical disruptions in the bismuth production hub in Hunan provinc...Read More
Key data from the Wednesday February 4 pricing session in London and Shanghai.Key drivers The cobalt hydroxide payable indicator continued to edge high after a persistent surge in downstream cobalt sulfate prices translated into heightened willingness among buyers to accept higher offers from...Read More
In a reversal of fortune, Ferroglobe Plc expects to show $33 million of cashflow when it releases its 2020 financial results, the Western Hemisphere's biggest silicon producer told investors in a call on Wednesday February 3."Adjusted Ebitda for the full year 2020 is expected to be positive $33 million, which compares with negative $37 million for the full year 2019," Marco Levi, Ferroglobe's chie...Read More
A summary of the financial results for Finnish stainless steelmaker Outokumpu for the fourth-quarter and full year of 2020.In briefSales in 2020 were only 3% lower than 2019, but earnings fell due to significantly lower prices in Europe during the Covid-19 pandemic A stronger-than-expected market recovery in the fourth quarter pushed earnings up from ?,?10 million to ?,?30 million quarter on quart...Read More
China's domestic stainless steel prices widened downward in the week to Wednesday February 3 because some traders were looking to conclude more sales before the Chinese New Year.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 14,900-15,900 yuan ($2,307-2,461) per tonne, widened downward by 200 yuan per tonne from a week earlier. End-user demand for stainless CRC is expected...Read More
Key data from Fastmarkets' pricing session in China on Wednesday February 3.Key drivers Aluminium prices on the London Metal Exchange drifted lower this past week, pressuring China's aluminum alloy ADC 12's export price; the LME three-month daily official aluminium price was at $1,972 per tonne on Wednesday, down by 1.6% from $2,003.50 per tonne a week earlier. Buyers in Japan adopted a wait-and-s...Read More
The Biden administration's focus on US manufacturing and domestic supply chains will benefit established and developing minerals and metals sectors, including steel, rare earths, graphite and lithium.US President Joe Biden's executive order on the strengthening of American manufacturing, which he signed during his first week in office, is expected to have a direct effect on demand for US-produced...Read More
With the exception of tin, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Friday February 5, suggesting there is little appetite for follow-through selling after recent bouts of weakness.Asian-Pacific equities were stronger this morning, as was the US Dollar Index.Base metalsThree-month tin prices were down by 0.4% at $22,880 p...Read More
Zoom (ZM), a NASDAQ 100 stock moved above $486.83 resuming an intermediate uptrend. Canadian "gassy" stocks are moving higher. Nice breakout by Birchcliff Energy above $2.42 extending an intermediate uptrend!Bausch Health (BHC), a TSX 60 stock moved above $35.45 extending an intermediate uptrend.Cisco Systems (CSCO), a Dow Jones Industrial Average stock moved above $47.62 extending an intermediate...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 3 that are worth another look.ArcelorMittal Italia has resumed operations at blast furnace (BF) No2 and coke battery No9 at its Taranto steel plant in the south of Italy, the producer said on February 3.Rio Tinto...Read More
Treatment charges for both zinc and lead concentrates fell in the last week of January 2021, moving for the first time since November 27 last year, in Fastmarkets' latest assessments.Market sentiment played a large part in driving TCs lower, because even with most producers recovering from the effects of the Covid-19 pandemic on the mining of zinc and lead, significant tenders were concluded at sh...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 3.Please click...Read More
Treatment charges for both zinc and lead concentrates fell in the last week of January 2021, moving for the first time since November 27 last year, in Fastmarkets' latest assessments.Market sentiment played a large part in driving TCs lower, because even with most producers recovering from the effects of the Covid-19 pandemic on the mining of zinc and lead, significant tenders were concluded at sh...Read More
Mining revenues soared in Brazil during 2020 despite the Covid-19 pandemic, led mainly by higher iron ore prices and an increase in total production, Brazilian mining institute lbram said on Tuesday February 2.Revenues totaled 209 billion Reais ($38.7 billion) for the mining industry last year, up by 36% from 153 billion Reais in 2019, lbram reported. Iron ore contributed the most to that number,...Read More
Market activity in China's UG2 chrome ore and ferro-chrome markets slowed down ahead of the country's Lunar New Year holiday, but the confidence in the near-term outlook continued to support the markets in the week to Tuesday February 2. Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China settled at $169 per tonne on Tuesday, up by $4 per tonne (2.4%) from $165 p...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 3 that are worth another look.ArcelorMittal Italia has resumed operations at blast furnace (BF) No2 and coke battery No9 at its Taranto steel plant in the south of Italy, the producer said on February 3.Rio Tinto...Read More
Key data from the pricing session in Shanghai on Wednesday February 3.Key drivers Spot cobalt metal price jumps amid futures strength and a rally in the international benchmark metal price on February 2.Domestic refineries in...Read More
Turkish steelmakers continued to stay away from deep-sea scrap purchases on Wednesday February 3, expecting prices to fall again due to limited demand for rebar and steel billet, sources told Fastmarkets....Read More