Several minor metals found support on Wednesday August 26 following price increases in China, with traders expecting higher replacement costs in the coming weeks despite consumers and demand not fully back in the spot market, Fastmarkets heard.The price of bismuth in Europe edged up over the assessment week, with traders that spoke to Fastmakets reporting difficulty finding available material in b...Read More
UK inter-merchant spot prices for light iron scrap were unchanged in the week to Friday August 28 due to the upcoming summer bank holiday in the country keeping trading quiet, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?95-105 ($125-138) per tonne on Friday, unchanged week on week.The market was qui...Read More
South Korean steel mills were able to secure deals for Japanese heavy scrap at largely stable prices over the past week, capitalizing on the mixed outlook in east Asian scrap markets.The direction of the Japanese market was unclear at the start of the week, sources said, with Turkey still absent from booking and a rising number of Japanese heavy scrap cargoes being offered.One Japanese trader told...Read More
Demand for ferrous scrap imports in the key Southeast Asian market of Vietnam remained firm in the week to Friday August 28.At least five cargoes totaling 20,000-30,000 tonnes of bulk Japanese H2 scrap were sold at $293, $294, $295, $296 and $298 per tonne cfr Vietnam."Many buyers who were hesitating last week finally entered the market and started buying," a Vietnamese trader told Fastmarkets on...Read More
The ongoing strong performance in India's ferro-chrome market has been a tailwind for the Japanese and South Korean markets, with suppliers pushing up their offer prices even though these had not yet fed into confirmed business, sources told Fastmarkets. Fastmarkets' fortnightly price assessment for ferro-chrome, high carbon, 57-65% Cr, cif dup Japan ticked up to $0.68-0.72 per lb on Thursday, up...Read More
Aluminium billet premiums inched higher in Germany, Spain and Brazil on Friday August 28 as demand in those countries improved, while premiums in the United States, Italy and Thailand were steady.Some European premiums rise ahead of Q4 talks Several billet premiums in Europe rose on Friday, with demand starting to increase and sentiment turning slightly more bullish as a result. The uptrend c...Read More
Three-month prices for all base metals on the London Metal Exchange except lead rose on Friday August 28, with nickel leading the rally.Fastmarkets analyst Andy Farida attributed Friday's rally to market reaction to a speech by US Federal Reserve chairman Jerome Powell on Thursday August 27. Powell signaled to the market that the US Federal Reserve will relax its inflation target of 2% in a bid to...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday August 28.China The low end of domestic prices moved up by 50 yuan ($7) per tonne on higher offers and tight spot availability, amid buoyed sentiment...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday August 28.China The seaborne manganese ore low-grade index was only slightly changed amid low liquidity while market participants had underlying concerns about growing inventories in China. The seaborne price for high-grade ore rose with one producer successfully raising prices, indicating less conce...Read More
Fastmarkets copper concentrates treatment charges and refining charges (TC/RC) index stayed largely flat at its multi-year low level from a week ago.The spot market has been relatively quiet this week with smelters buying a handful of clean concentrates parcels in the high $40s, while some deals, with tonnages extending into the fourth quarter this year and first quarter next year, are said to be...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The key global scrap markets improved in terms of both sentiment and prices in the week to Friday August 28, after Turkey resumed its deep-sea cargo purchases following a three-week hiatus.Turkey continues to book deep-sea cargoesUS sees liquid activity in spot export marketVietnamese buyers remain keen on bulk cargoes from US West CoastTaiwanese buyers see slowdown in price upswingIndia sentiment...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The European and United States battery-grade lithium carbonate price fell by 2.9% week on week on Thursday August 27 amid continued poor demand conditions, while the Chinese and seaborne Asian markets held.European, US battery-grade lithium carbonate market dropped 2.9%, ending six weeks of stability. China's battery-grade lithium prices held, with participants waiting for clues on market directio...Read More
China's Ganfeng Lithium has finalized the acquisition of a majority stake in Minera Exar, the company jointly owned with Argentinian miner Lithium Americas, for the development of the Cauchari-Olaroz lithium project in Argentina, Lithium Americas said on Friday August 28.Minera Exar owns 100% of the Cauchari-Olaroz lithium project located in Jujuy province in northwest Argentina. Following the com...Read More
South American flat-rolled steel import prices ended the week on Friday August 28 showing no clear trend because deals for October-shipment cargoes were very scarce, and customers were still waiting to hear offers for November shipments.Demand was improving in the region from recent lows caused by Covid-19-related restrictions, but market participants believed that consumption had yet to return to...Read More
Indian steel mills were likely to increase their domestic hot-rolled coil prices by about 2,000-3,000 rupees ($27-41) per tonne in September, with local demand for the commodity continuing to grow, Fastmarkets heard on Friday August 28.Officials from two Indian private-sector mills have confirmed that they have already given guidance to their dealers to impose a 2,000-3,000 rupees per tonne price...Read More