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 transparency into the markets it covers and the pricing...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 transparency into the markets it covers and the pricing process...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt hydroxide...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday November 25. Key drivers Steady demand for prompt material from steel mills for the first quarter of next year pushed the ferro-titanium spot price to $5 per kg on the high end for the first time since May 20 in a 14-week bull run.There are bigger steelmaker tenders for first-quarter shipments both in Europe and Asia, which supplie...Read More
Global copper scrap metal suppliers are now hesitant to send their cargoes to China, citing a higher risk of rejection over the ambiguity of its new classification of 'recyclable copper materials', industry executives said at Fastmarkets Asia Copper Webinar on Monday November 23.For the first time ever, the world's biggest consumer of copper scrap has allowed overseas high-purity non-ferrous scrap...Read More
Markets were generally buoyant this morning, Thursday November 26, with more certainty on the horizon than of late, helped by US president-elect Joe Biden’s transition to the White House and with a rollout of the vaccines now insight, if things go according to plan.* Optimism pushes current economic and health problems to the background* UK Chancellor warns of biggest contraction in 300 years...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 24 that are worth another look.European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of...Read More
Aluminium premiums in China and the United States rose in the week ended Tuesday November 24, while other regions maintained a focus on first-quarter 2021 business.Strong demand in ChinaUS Midwest premiums climbEuropean participants focus on first quarter 2021MJP spot market static.Shanghai premiums up with arb window openAn open import arbitrage window, as well as strong demand in China, helped t...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 24.Please click...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 24 that are worth another look.European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of...Read More
Trader Afrimet Resources (AMR) will invest up to C$650,000 ($497,000) in Canadian exploration company Tantalex Resources Corp in a private placement that gives AMR shares and rights to buy additional shares in Tantalex.As part of the transaction, Hadley Natus, AMR's founder, becomes director and chairman of the board of Tantalex - one of many management changes announced by Toronto-based Tantalex...Read More
An overview of the chrome ore and alloy markets and their latest price moves.China Prices for UG2 chrome ore fell more slowly, amid limited trading activity. The spot ferro-chrome price remained steady with sentiment buoyed by power restrictions in Inner Mongolia, the major production region for high-carbon ferro-chrome. Falling stainless steel prices also weighed...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 20.AsiaSeaborne prices for high and low-grade manganese ore fell following lower offers amid high inventories and weakening market sentiment.Falling portside ore prices put additional downward pressure on both grades of material.Portside manganese ore prices of both grades ticked down amid...Read More
Fastmarkets has corrected its weekly manganese ore 37% Mn cif Tiajin and fob Port Elizabeth indices, which were published incorrectly on Friday November 20 due to a reporter error.Fastmarkets' weekly index for manganese ore 37% Mn fob Port Elizabeth, $/dmtu (MB-MNO-0003) should have been $3.72 per dry metric tonne unit (dmtu), instead of $3.70 per dmtu as it was previously published.Fastmarkets' w...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 24 that are worth another look.European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of...Read More
Trader Afrimet Resources (AMR) will invest up to C$650,000 ($497,000) in Canadian exploration company Tantalex Resources Corp in a private placement that gives AMR shares and rights to buy additional shares in Tantalex.As part of the transaction, Hadley Natus, AMR's founder, becomes director and chairman of the board of Tantalex - one of many management changes announced by Toronto-based Tantalex...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 24 that are worth another look.European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of...Read More
The Turkish deep-sea scrap import market went quiet on the second working day of the week, with mills instead focusing on finished long steel and billet sales, sources told Fastmarkets on Tuesday November 24.After a steel mill in the Marmara region booked a European cargo at an average price of $332.50 per tonne cfr for a mixture of HMS 1&2 (75:25), shredded and bonus on Monday, mills we...Read More
Bans on the export of ferrous scrap by various key suppliers of material to India and Pakistan have restricted import flows at the same time that demand has been returning to these markets, pushing prices higher, Fastmarkets has learnt.Demand for imports of steel scrap fell sharply when India went into its strict lockdown during March in response to the Covid-19 pandemic. Trading effectively...Read More
The base metals on the London Metal Exchange were firmer across the board this morning, Tuesday November 24, although those on the Shanghai Futures Exchange were mixed following the weakness seen on the LME on Monday. US president-elect Joe Biden plans to nominate former Federal Reserve chair Janet Yellen to become Treasury Secretary......the market seems to see Yellen as a safe pair of handsCoppe...Read More