Base Metal Stock Articles

BASE METALS WARRANT REPORT 03/02

February 04, 2021 / Staff reporter

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 3.Please click...Read More

LIVE FUTURES REPORT 03/02: Zinc back above $2,600 on dip-buying

February 04, 2021 / Staff reporter

Zinc's price was nearly 2% higher on the London Metal Exchange with dip-buying having started and futures prices edging upward on Wednesday February 3, following two days of decreases, with the easing of the Dollar Index helping to support metal prices.Zinc's three-month price closed 1.8% higher at $2,615 per tonne on Wednesday at 5pm, the first time it has closed above the $2,600 per tonne mark s...Read More

Rio Tinto launches Start, a sustainability label for aluminium using blockchain

February 04, 2021 / Staff reporter

Rio Tinto has launched Start, the equivalent of a nutrition label for responsible aluminium, while the company continues its push to increase transparency and traceability in the industry.Using blockchain technology, Start will give customers a digital sustainability label containing key information about the site where the aluminium was produced.It will cover ten criteria: carbon footprint, water...Read More

LIVE FUTURES REPORT 03/02: LME prices continue to consolidate on appreciating dollar

February 04, 2021 / Staff reporter

The prices of all base metals, with the exception of zinc, on the London Metal Exchange eased on Wednesday February 3, with the rising dollar index continuing to cap futures prices on the exchange. Zinc's three-month price was the only one to see a small rise on Wednesday morning to $2,581.50 per tonne from Tuesday's 5pm closing price of $2,569.50 per tonne. Nevertheless, the galvanizing metal's...Read More

EUROPE PLATE: Domestic producers achieve transaction price increase

February 04, 2021 / Staff reporter

Domestic prices for heavy plate in Northern Europe and Southern Europe increased during the week to Wednesday February 3, sources told Fastmarkets, though market participants are questioning the sustainability of higher prices and stronger demand. Fastmarkets' price assessment for steel domestic plate, 8-40mm, exw Northern Europe was ?,?660-680 ($795-819) per tonne ex-works on February 3, up by ?,...Read More

ArcelorMittal Italia restarts BF2, coking battery at Taranto steel plant

February 04, 2021 / Staff reporter

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 Wednesday February 3.BF No2 was restarted on February 1. It had been closed in March 2020.Currently, the producer is running furnaces No1, No2 and No4, and two steel mills are also operating.On February 2, the producer also resumed operat...Read More

SOUTHERN EUROPE REBAR: Prices dip on slow buying, weaker scrap

February 04, 2021 / Staff reporter

Domestic steel rebar prices in Southern Europe declined in the week to Wednesday February 3 under the pressure of slow buying activity and weaker scrap values, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?600-620 ($723-747) per tonne on Wednesday, down from ?,?610-635 per tonne last week.ItalyRebar...Read More

DAILY STEEL SCRAP: Prices set to fall further on fresh negotiations

February 04, 2021 / Staff reporter

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

JAPAN STEEL SCRAP: Suppliers hold material, export prices rise

February 04, 2021 / Staff reporter

The Japanese export scrap market has bounced off the floor to record higher prices over the past week following an effort from suppliers to resist new sales, sources told Fastmarkets on Wednesday February 3.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?36,000-38,000 ($343-362) per tonne on Wednesday, up by ?1,500-3,000 per tonne from ?33,000-36,500 per tonn...Read More

COKING COAL DAILY: Premium fob price edges up on new transaction

February 04, 2021 / Staff reporter

The fob seaborne premium hard coking coal price edged up on Wednesday February 3 after a transaction for premium low-volatility hard coking coal was sealed at a higher price, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $157.53 per tonne, up $0.74 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, down $0.50 per tonneHard coking coal, f...Read More

IRON ORE DAILY: Prices rebound on revival in mill inquiries

February 04, 2021 / Staff reporter

Iron ore prices edged up on Wednesday February 3, supported by an increase in inquiries from steel mills intending purchase, although trading activity was still limited, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $152.65 per tonne, up $2.85 per tonne62% Fe low-alumina fines, cfr Qingdao: $152.90 per tonne, up $2.53 per tonne58% Fe fines high-grade p...Read More

Cash-strapped steel mills turn to TT payments after China withdraws $30bln from economy

February 04, 2021 / Staff reporter

Chinese steel mills caught between low margins and less cash liquidity in the open markets are turning to telegraphic transfers (TT) as the key form of payment, market sources told Fastmarkets this week. "Smaller steel mills that do not have sufficient cash flow are accepting only telegraphic transfers for payments now, instead of letters of credit," a steel trader in east China told Fastmarkets o...Read More

MORNING VIEW: Base metals prices mainly weaker, despite firmer equities

February 04, 2021 / Staff reporter

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly weaker this morning, Wednesday February 3, with zinc prices bucking the trend. Silver's rally turn into a spike on Tuesday and stronger pre-market major western equity index futures this morning suggest equity markets are turning more risk-on again.While three-month tin prices on the LME were off the hig...Read More

COBALT SNAPSHOT: Metal prices continue to soar on tight producer availability, inter-trade business

February 04, 2021 / Staff reporter

Key data from the pricing session in London on Wednesday February 3Key driversSpot cobalt metal prices continued to rally during the Wednesday February 3 pricing session against a backdrop of a tightening in availability from producers and sellers offering aggressively amid...Read More

CONSUMER ELECTRONICS MARKET REPORT 03/02: Hefty offers buoy indium before CNY

February 04, 2021 / Staff reporter

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

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 03/02: South America shipping delays push molybdenum up

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

February 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

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

February 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 Cobalt alloy...Read More

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

February 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 Cobalt standard grade, in-whs Rotterdam, $/lb at 20.50-22.15 on Wednesday February 03, 2021.Pur...Read More

TITANIUM SNAPSHOT: Scrap prices hit 6 1/2 -year high on shortage

February 04, 2021 / Staff reporter

Key data from Fastmarkets' pricing session in Europe on Wednesday February 3. Key drivers European titanium scrap markets resumed price increases over the week on tightening supplies. Both low and high tin content turnings are particularly hard to source, with other feedstock to make ferro-titanium, such as vacuum-grade and sponge, also pushing higher as alternative feeds are sought.Scrap price g...Read More

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