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 it applies. Fastmarkets...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets...Read More
Tesla will mine its own lithium, make its own lithium-ion batteries for electric vehicles (EVs) and use more silicon and nickel in these cheaper batteries, the world's biggest EV maker said on Tuesday September 22.Tesla will simplify the process of obtaining battery-ready nickel and lithium, develop alternatives to existing aluminium alloys and recycle its own EV batteries, it added.Tesla's own 46...Read More
Desheng Group, one of China's major producers of vanadium pentoxide (V2O5), plans to suspend production and conduct equipment maintenance across its operations, including at its ironmaking and steelmaking facilities, market sources told Fastmarkets.The overhaul, which will be mainly carried out at Desheng Group's vanadium and titanium company in Leshan, in the southwestern Chinese province of Sich...Read More
Chinese stainless steel producers have increased their consumption of stainless steel scrap in the last two months in an attempt to reduce their input costs, particularly those for ferro-alloys, with nickel prices soaring since mid-July, sources told Fastmarkets.Chinese stainless steel producers typically use a combination of nickel pig iron (NPI), stainless scrap and ferro-alloys for production.T...Read More
China will aim to be carbon neutral by 2060, President Xi Jin Ping said at the General Debate of the 75th Session of the General Assembly of the United Nations on Wednesday September 23."We aim to have carbon dioxide (CO2) emissions peak before 2030 and achieve carbon neutrality before 2060," he said.China also aims to scale up its Intended Nationally Determined Contributions - intended reductions...Read More
Base metals prices on the London Metal Exchange were down across the board this morning, Thursday September 24, while risk-off gathered pace on concerns that the Covid-19 pandemic is spreading aggressively again.US central bankers also warned on Wednesday that the US economy remained in a “deep hole” of joblessness and weak demand.* Base metals prices on the LME are all dropping from hig...Read More
S&P Bank SPDRs (KBE) moved below $27.93 setting an intermediate downtrend.S&P Regional Banks SPDRs (KRE) moved below $33.67 setting an intermediate downtrend.China Large Cap iShares (FXI) moved below $41.09 completing a double top pattern.Cameco (CCJ), a TSX 60 stock moved below US$10.05 and Cdn$13.49 setting an intermediate downtrend.Canadian Natural Resources (CNQ), a TSX 60 stock moved...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
The London Metal Exchange's three-month prices for copper and nickel were once more trading in positive territory during the afternoon session on Tuesday September 22, retracing losses made on the previous day's slump in US equities values.Copper and nickel futures are both particularly sensitive to the macro-economic environment at present, with both metals' LME three-month prices falling on the...Read More
Major aluminium producers operating in some of the countries most affected by Covid-19 took decisive actions early on to protect workers and maintain operations, top executives said during a panel at Fastmarkets International Aluminium Conference on Tuesday September 22.Top executives from Alcoa Corp, Aluminium Bahrain (Alba), Hindalco, Norsk Hydro and China Hongqiao participated in the panel, sha...Read More
An overview of the chrome ore and alloy markets and their latest price moves.China Buyers were willing to accept higher prices in dollar terms for UG2 chrome ore, due to the strengthening yuan. Sentiment remained positive for spot domestic ferro-chrome ahead of...Read More
Factors including an improving oil price and increased demand will support a recovery in the cif China bauxite price in the second half of this year but market participants should keep a close eye on the effect of a weakening domestic alumina price, Fastmarkets aluminium analyst Yang Cao said on Monday September 21. "In the first half of 2020, the price of Chinese imported bauxite was quite low as...Read More
The latest data for the global manganese ore market for the week ended September 21, 2020.Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
Steel producers in Turkey extended their absence from the deep-sea scrap markets again amid weak finished steel demand, sources said on Tuesday September 22.The country's steel mills have been holding back from the deep-sea trade since September 9, when the most recent cargoes were booked at prices around $301 per tonne cfr on an HMS 1&2 (80:20) basis.Offer levels for similar material then rose to...Read More
Base metals prices on the London Metal Exchange have rebounded this morning, Tuesday September 22, after weakness in equities on Monday dragged them lower. At the time of our Morning View report on Monday, the LME metals were up by an average of 0.2%, but they ended the day down by an average of 1.6% after concerns escalated about second waves of Covid-19 spreading across Europe. But an across-the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat-rolled prices began to recover in August, as we expected. The monthly average of our daily HRC index hit $473 per ton ($521/tonne), which was $3/t above our forecast.The upward momentum has since continued and has done so more quickly than we expected - sentiment has turned around dramatically on fundamental developm...Read More
Most import prices for flat steel in the United Arab Emirates and Saudi Arabia have remained stable over the past seven days, with demand still weak, sources told Fastmarkets on Tuesday September 22.Most market participants believed that prices would remain steady or perhaps decrease further in the next few days because of softening Chinese demand.Fastmarkets' daily steel hot-rolled coil index, ex...Read More