The cobalt alloy grade, in-whs Rotterdam 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 alloy...Read More
The cobalt standard grade, in-whs Rotterdam, 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 the price of cobalt standard...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
Key data from the pricing sessions in Asia, Europe and the United States during the week ending Friday August 14.ChinaThe UG2 chrome ore market recorded a pick-up in activity over the past week, with buyers procuring at around the current index level, while some sales were reported above this level later in the week ...Read More
Taiwanese buyers turned to imported containerized ferrous scrap from the United States West Coast over the past week due to the absence of Japanese scrap in the market.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $257-259 per tonne on Friday August 14, unchanged from a day earlier but up by $2 per tonne...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More
London Metal Exchange copper futures fell toward the 5pm close on Thursday August 13, failing to stabilize above the level of $6,400 per tonne.The LME's 3-month copper price closed at $6,256 per tonne, down by $176 per tonne from Wednesday's close, to the lowest since last Friday.Tumbling three-month prices have exacerbated a backwardation in the nearby forward curve. The cash/three-month spread w...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
Several mining companies in the Democratic Republic of Congo (DRC) will join a meeting with the government next week to lobby for their right to continue selling copper concentrate overseas, Fastmarkets has learned. The meeting would take place in the DRC capital city of Kinshasa on August 20. "At least now the DRC government is willing to listen," a copper miner source said. Miners in the biggest...Read More
Aluminium producer Alcoa has reached an agreement with the workers' representatives for the San Cipri??n aluminium smelter in Spain to extend the deadline of the formal consultation period for collective dismissals to September 28, 2020, the company announced on Thursday August 13.The extension will include a process intended to evaluate a potential sale of the aluminium smelter to GFG Alliance, w...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
Greatpower Technology Co's background in trading has made it more flexible in its operations and sensitive toward prices as a producer of nickel and cobalt, which will benefit it in the longer term, its president, Aaron Cao, said in a recent interview with Fastmarkets."Due to our trader origins, there were some obstacles when we initially transitioned to becoming a producer because downstream cons...Read More
The Turkish deep-sea scrap import market remained quiet on Thursday August 13, with mills preferring to wait for some movement in the domestic and export finished long steel sectors, sources told Fastmarkets. Steel mills in the country have booked a number of cargoes in recent weeks, with the latest transactions for HMS 1&2 (80:20) from the US and Baltic Sea done at $285 per tonne cfr.There were s...Read More
Prices for bulk cargoes of steel scrap imported to Bangladesh jumped over the last seven days following two fresh deals from the United States West Coast, sources told Fastmarkets on Thursday August 13.Market participants said that Bangladeshi mills have booked at least four bulk scrap cargoes over the last three weeks, with three different mills purchasing material.One deal was closed for 8,000 t...Read More
Markets across the board were in consolidation mode this morning, Thursday August 13, with metals and Asian-Pacific equities mixed, while pre-market major western equity index futures were weaker. Traders seem to be waiting to see if US Congress can agree on a pandemic recovery fund and how the United States-China trade talks go this weekend when they review the phase one trade deal. High volumes...Read More
The lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade, spot prices cif China, Japan & Korea 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 the lithium hydroxide monohydrate min...Read More
The London Metal Exchange has unveiled a package of sustainability proposals including new aluminium and steel scrap contracts, a spot trading platform and LMEpassport - a new digital register for physical metals data. The spot trading platform is focusing initially on aluminium but is open to other metals. The first stage of LMEpassport is targeting electronic certificates of analysis (CoAs) for...Read More
Greatpower Technology Co's background in trading has made it more flexible in its operations and sensitive toward prices as a producer of nickel and cobalt, which will benefit it in the longer term, its president, Aaron Cao, said in a recent interview with Fastmarkets."Due to our trader origins, there were some obstacles when we initially transitioned to becoming a producer because downstream cons...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More