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 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,...Read More
Turkish steel mills continued to make deep-sea scrap purchases at a slow pace at the end of the working week, with prices remaining fairly stable, sources told Fastmarkets.A steel producer in the Marmara region booked a Baltic Sea cargo comprising HMS 1&2 (80:20) at $360 per tonne and bonus at $370 per tonne cfr late on Thursday December 3. The cargo breakdown was not disclosed by the parties.As a...Read More
Optimistic sentiment in the Taiwanese ferrous scrap import market has led to limited offers for cargoes and continued increases over the week to Friday December 4, sources said.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $330 per tonne on Friday December 4, narrowing upward by $5 per tonne day on day an...Read More
Key data from Fastmarkets' pricing sessions in China, Europe and the United States in the week ending Friday December 4. China The export price climbed for a fourth consecutive week to reach a two-year high, with liquidity reported after months of muted trading activity in the export market.The domestic spot price stabilized after jumping by 5.4% in the previous week, with...Read More
German steelmaker Thyssenkrupp is conducting a joint feasibility study with energy company STEAG to develop a hydrogen hub to be used in green steel production at its Duisburg site, the company said on Thursday December 3.The study will focus on construction of a water electrolysis plant at the STEAG site in Duisburg-Walsum by Thyssenkrupp Uhde Chlorine Engineers, the structuring of energy supply...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 3 that are worth another look.China's domestic prices for stainless cold-rolled coil dropped slightly over the week ended Wednesday December 2 on reduced demand and a weaker nickel market.The...Read More
Three-month base-metals prices on the London Metal Exchange were mixed at the 5pm close of trading on Thursday December 3, with nickel and aluminium showing drops of more than 1% but tin gaining by nearly $100 per tonne day-on-day.Nickel's price fell to $15,954 per tonne at Thursday's close, down by 0.3% from $16,000 per tonne on Wednesday, which in turn was down by 1.7% from Tuesday's three-month...Read More
Fastmarkets will amend the settlement criteria for its MB-AL-0001 aluminium P1020A (MJP) quarterly premium, cif Japan, $ per tonne.Following the end of a six-week consultation, Fastmarkets has decided to change the criteria for settling the quarterly premium to the following: A minimum total quarterly transaction volume of 30,000 tonnes reported to Fastmarkets MB. Confirmed deals from multipl...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 3 that are worth another look.China's domestic prices for stainless cold-rolled coil dropped slightly over the week ended Wednesday December 2 on reduced demand and a weaker nickel market.The...Read More
Anglo Pacific is poised to transform into a battery materials company next year and will make a number of transactions to achieve this, its chief executive officer said.Julien Treger said that the company - which has a portfolio of royalties and metal streams in mainly coal, iron ore and uranium - plans to focus its attention on lithium and cobalt, key raw materials used in the production of batte...Read More
World manganese ore output registered a month-on-month rise of 3.4% to around 1.97 million tonnes of manganese units in October, partly due to the evident increase in supply from such regions as Asia and Oceania, the Americas and Europe, the latest data from the International Manganese Institute (IMnI) shows.World ore supply in October, after month-on-month declines of 1% and 2.5% in September and...Read More
Key data from Fastmarkets' pricing session in China on Wednesday December 2.Key drivers Aluminium scrap prices have increased amid tightening supply after many cargoes were delayed to a shortage of containers in Asia. Scrap sellers held back from selling material on hand, expecting higher prices in the near term, which exacerbated the tight supply of aluminium scrap in the market. Strong gains in...Read More
Norway-based silicon and ferro-silicon producer Elkem has opened a new production workshop in Shanghai, China to manufacture specialized silicones for hybrid and electric vehicles (EVs), the company said on Wednesday November 2. Silicones are high-performance polymers made up of silicon, oxygen and other elements that can include carbon and hydrogen. They are used in the assembly, electrical integ...Read More
Swiss miner-trader Glencore and Chinese battery materials producer GEM have extended their agreement for cobalt hydroxide supply by another five years. The extended deal means Glencore will supply GEM with about 150,000 tonnes of cobalt, contained in hydroxide, between 2020 and 2029. The two companies first signed a contract in October last year, under which Glencore would supply GEM and its subsi...Read More
Turkish steel producers continued their deep-sea scrap bookings at escalating prices despite weakening demand in the finished steel markets, sources said on Thursday December 3. A steel mill in northern Turkey booked a Baltic Sea cargo - comprising 15,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap, 15,000 tonnes of shredded and 3,000 tonnes of bonus - at average price of $365 per to...Read More
Small and medium-sized steel mills in Bangladesh have been forced to re-enter the market for scrap at high prices, market participants said on Thursday December 3.The price paid for scrap imported to the South Asian country continued to mount over the last week with supply tightened on both rising international scrap demand and soaring ocean freight costs, Fastmarkets heard."Bangladeshi buyers hav...Read More
The recent surge in copper prices might not lead to swathes of scrap being suddenly released into the market, as happened after a similar situation nearly a decade ago, sources told Fastmarkets this week. With the copper price recently reaching a multi-year high, all eyes are on whether scrap collectors will release a massive amount of secondary material into the rising market. In 2...Read More
Anglo Pacific is poised to transform into a battery materials company next year and will make a number of transactions to achieve this, its chief executive officer said.Julien Treger said that the company - which has a portfolio of royalties and metal streams in mainly coal, iron ore and uranium - plans to focus its attention on lithium and cobalt, key raw materials used in the production of batte...Read More
South Korean battery maker LG Chem, one of the leading suppliers of batteries for electric vehicles (EVs), announced on Tuesday December 1 the launch of wholly owned subsidiary LG Energy Solution, intended to develop the group's battery-related business.LG Chem closed its original battery business division and formally set up LG Energy Solution to better develop the battery side of the the group's...Read More