The seaborne premium hard coking coal cfr price edged up on Friday November 13 due to continued restrictions on Australian coal imports, while seaborne coking coal fob prices across the board remained flat, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.40 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $153.58 per tonne, up $0.51 per tonneHard co...Read More
Seaborne iron ore prices dipped on Friday November 13 amid weakened demand for downstream steel products, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.37 per tonne, down $1.37 per tonne62% Fe low-alumina fines, cfr Qingdao: $123.10 per tonne, down $0.64 per tonne58% Fe fines high-grade premium, cfr Qingdao: $113.56 per tonne, down $0.85 per tonne65% Fe Braz...Read More
The London Metal Exchange three-month base metals prices continued to oscillate around the levels established on Thursday's close on Friday November 13 morning, with aluminium and lead being the notable exceptions.Lead posted the biggest gains during Friday's morning trading while aluminium continued to make fresh highs. The three-month lead price rose for a third day on Friday morning, reaching $...Read More
Eastern China's domestic prices were unchanged on Friday November 13 amid healthy demand ahead of the weekend despite early losses in the futures market. Spot prices in the region ended the week 170 yuan per tonne higher, however. DomesticEastern China (Shanghai): 4,060-4,090 yuan ($614-619) per tonne, unchanged Northern China (Beijing) weekly assessment: 3,930-3,960 yuan per tonne, up by 170 yuan...Read More
The London Metal Exchange three-month price for aluminium was at a year-to-date high and spreads have flipped back into contango, but bullish futures have yet to materialise in a bullish physical market, Fastmarkets heard on Thursday November 12.The benchmark three-month aluminium price has remained consistently above $1,900 per tonne this week. It hit a year-to-date high of $1,935 per tonne on No...Read More
German carmaker Mercedes-Benz will soon transition to sourcing cobalt and lithium for electric vehicles (EV) batteries only from certified mines to reduce the environmental and social impact of its supply chains, it said on Thursday November 12.The company added it is planning to shift away from cobalt usage in the coming generation of batteries and it is exploring different battery's chemistries....Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
The cobalt alloy 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...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...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
Limited availability of aluminium scrap in the United States continued to cause problems for consumers, but increased spot market offers, according to market sources.Additionally, finding available trucks to move cargoes, which has been an issue in many markets since the Covid-19 pandemic caused demand to plummet, was more pervasive this week than it had been previously. Demand for trucks recovere...Read More
Chilean copper producer Codelco has decided to extend the mine life of the open-pit operation of Chuquicamata for one year, producing 30,000 tonnes more than previously planned, the company said on Thursday November 12.The state-owned miner initially expected to completely shift to underground exploration of the unit in December 2020, but some design adjustments and the current performance of the...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 12 that are worth another look.German steelmaker Salzgitter is to supply heavy steel plate for the Saint-Brieuc wind-power project off the French coast, the company said on November 12.Greenland-centerd commodity developer Bluejay Mining on...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Thursday November 12, with lead being the star performer and the rest of the complex showing smaller gains.The three-month price for the heavy metal showed a 1.3% increase from its closing price on Wednesday, to $1,899 per tonne on Thursday.Stock levels dipped by a further 300 tonnes on Thursday to 113,05...Read More
The London Metal Exchange's latest off-warrant stock data showed a net rise of 123,871 tonnes of material held outside the LME network over September, a rise of 7.3% from the prior month with aluminium stockpiles accounting for just under 87% of the total. Copper inventories made a marked descent after incremental rises over the summer. The data, released on Monday November 10, reported stock lev...Read More
Greenland-centerd commodity developer Bluejay Mining on November 10 announced a deal giving global mining group Rio Tinto the option to buy into its Enonkoski junior nickel project in Finland.Rio Tinto has the option to acquire up to 75% of the Enonkoski project before the end of this decade, with an investment of as much as $20 million.Stage one of the scheme would allow Rio Tinto to take on 51%...Read More
Fast-rising costs for container freight on a number of major shipping routes are causing disruption in trade flows for minerals and metals alike, sources told Fastmarkets on Thursday November 12.The combination of fewer vessels on the water, an imbalance in trade flows to and from China and competition between cargoes has kickstarted a rapid increase in shipping costs, making it harder for sellers...Read More
Key data from Fastmarkets' pricing session in Shanghai on Thursday November 12.Key drivers Increased supply from Aluminum Corp of China's (Chalco) Huasheng alumina refinery put additional downward pressure on prices in an already weak market. China's alumina market has been oversupplied since July, while...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 12 that are worth another look.German steelmaker Salzgitter is to supply heavy steel plate for the Saint-Brieuc wind-power project off the French coast, the company said on November 12.Greenland-centerd commodity developer Bluejay Mining on...Read More