Canada-based miner Cornish Metals intends to float a private placement of new common shares on the Alternative Investment Market (AIM) of the London Stock Exchange in the hope that proceeds from the fundraiser will advance one of its copper-tin projects in the UK, it said on Wednesday January 13.The Vancouver-headquartered miner said that, pending regulatory approvals, it proposed to raise ?5 mil...Read More
Aluminium alloy ADC 12 prices in China and Japan continued to trend down in the week to Wednesday January 13 on reduced production costs after the price of aluminium scrap - used as a raw material - weakened. Fastmarkets assessed the price of aluminium ingot ADC12, exw dp China at 16,600-16,800 yuan ($2,567-2,598) per tonne on Wednesday, down 200-400 yuan per tonne from 16,800-17,200 yuan per...Read More
Prices for steel hollow sections in Europe have moved upward on continued pressure from the price and availability of feedstock materials, sources told Fastmarkets on Wednesday January 13.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?820-850 ($998-1,034) per tonne on Wednesday, up from ?,?800-820 per tonne one week before.Producers have stru...Read More
Iran's export prices for steel slab and billet remained stable over the week to Wednesday January 13, with about 30,000 tonnes of billet sold during the review period, sources told Fastmarkets.More deals were expected to be done later in the week, but most market participants did not expect any price increases because of the slowdown in the rate of global price rises.The sharp uptrend in global st...Read More
Flat steel prices in the Turkish domestic and export market were mostly unchanged in the first full week of 2021 after the festive holidays, while local producers were offering material with long lead times, which buyers were hesitant to accept, sources told Fastmarkets.Domestic pricesMarket activity was slow during the week to Friday January 8 because it was the first week of 2021 and some countr...Read More
The price of steel H-beams in Europe has jumped this week, with producers returning to the market after pausing their offers ahead of the Christmas holiday break due to volatile market conditions, sources told Fastmarkets on Wednesday January 13.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?750-770 ($912-937) per tonne on Wednesday, up from ?,?70...Read More
Domestic prices for steel mesh-quality wire rod in the north of Europe unexpectedly surged in the week to Wednesday January 13, amid sharp increases in feedstock costs and persistent supply tightness, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe rose by ?,?45-70 per tonne, to ?,?675-700 ($821-851) per tonn...Read More
The steel mesh-quality wire rod market in the south of Europe moved up in line with what sources had expected this week, with short availability and expensive scrap driving prices, market participants told Fastmarkets on Wednesday January 13.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe was ?,?650 ($791) per tonne on Wednesday January 1...Read More
The Turkish deep-sea markets remained largely silent on the third working day of the week, but with sentiment beginning to turn negative, sources said on Wednesday January 13.After a number of steel scrap cargoes were booked at the end of last week, the mills stepped back from deep-sea bookings."The number of offers is increasing, especially from US merchants. I think this might be a sign of a dow...Read More
Seaborne coking coal prices in the fob market were higher across the board on Wednesday January 13 following a transaction sealed at a higher price. Fastmarkets indices Premium hard coking coal, fob DBCT: $114.38 per tonne, up $10.39 per tonne Premium hard coking coal, cfr Jingtang: $208.95 per tonne, up $0.76 per tonne Hard coking coal, fob DBCT: $102.29 per tonne, up $7.98 per tonne Hard coking....Read More
The seaborne iron ore lump premium rose on Wednesday January 13, supported by firm demand and limited supply, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $170.11 per tonne, down $2.56 per tonne 62% Fe low-alumina fines, cfr Qingdao: $170.90 per tonne, down $2.10 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $156.92 per tonne, down $0.78 per tonne 65%...Read More
Coal exports from Australia's metallurgical coal hub of Queensland fell by 10.2% in December 2020 from the same period in 2019 but were 18.9% higher month on month.Some 18.66 million tonnes of coal - including thermal coal - were shipped from the region last month, compared with 20.78 million tonnes a year earlier and 15.69 million tonnes in November, according to data from North Queensland...Read More
Lead and nickel's forward prices had the biggest increases among the London Metals Exchange complex on Wednesday January 13, with the rest of the metals trading sideways amid supportive sentiment from the prospect of a new stimulus package in the United States. Lead's three-month price was at $2,039.50 per tonne just before 9:30am, a 0.9% increase from its closing price on Tuesday. The metal fell...Read More
After strong gains on the London Metal Exchange on Tuesday January 12, when prices closed up with gains averaging 1.8%, prices were for the most part little changed this morning, with nickel the main mover.Nickel prices have been moving higher while the market reacts to a mining ban on the island of Tumbagan in the Philippines and as supply from miner SLN in New Caledonia continues to be disrupted...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday January 13.Key drivers The European ferro-titanium market followed a slow start to the year with another low-key trading week, although strong buying interest in Asia was encouraging higher offer prices in Europe. Only a few truckloads of alloy were reported being sold at $7.80 per kg delivered in Europe.Most business was repor...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 17.45-18.05 on Wednesday January 13, 2021.Sale...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 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....Read More