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...Read More
Key data from the pricing session in Europe on Wednesday July 29.Key drivers The ferro-titanium market has established a price floor after dropping steadily in recent weeks, with the price range holding in its present range in expectation of renewed demand and tighter scrap availability in the near term. For now, the alloy price range is at a level last seen on February 3, 2017, when the asse...Read More
Key data from Fastmarkets' pricing session in China on Wednesday July 29. Key driversSome major producers increased their offer prices in response to growing inquiries.A few suppliers held back from offering this week, which limited the availability of cargoes in...Read More
A summary of Tubacex, Spanish manufacturer of seamless stainless steel tube, financial performance in the first half-year of 2020. In brief Tubacex attributed weaker half-year results due to the effects of the Covid-19 pandemic. Pandemic-related lockdowns around the globe since March have led to a significant sales drop in the power generation market. Activity in the global seamless st...Read More
A summary of stainless steel producer Aperam's results for the second quarter of 2020.In brief Aperam recorded a sharp drop in earnings in the second quarter of 2020 due to restrictions imposed to curb the spread of the Covid-19 pandemic leading to a drop of demand for stainless flat steel and lower selling prices - although pressure from imports also dropped com...Read More
The continued price differential between Chinese and European vanadium prices that sparked interest in exports to China has left inventories in Europe depleted and has eventually sent European prices upward, market sources told Fastmarkets. Fastmarkets assessed the ferro-vanadium 78% V min, fob China price at $29.50-30.50 per kg on Thursday July 23, unchanged from the previous week, while its...Read More
Dow Jones Industrial Average moved below its 20 and 50 day moving averagesQUALCOMM (QCOM), a NASDAQ 100 stock moved above $94.68 to an all-time high extending an intermediate uptrend.ConocoPhillips (COP), an S&P 100 stock moved below $37.08 extending an intermediate downtrend.Suncor (SU), a TSX 60 stock moved below $21.26 setting an intermediate downtrend. Raytheon Technologies (RTX), a Dow Jo...Read More
Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More
Aluminium premiums in Europe and Brazil moved higher during the week to Tuesday July 28 amid cautiously bullish sentiment, while other areas remained stable.Premiums rise across EuropeDemand revival pushes Brazilian premium higherStable market conditions in United StatesChina static but bullishSouth Korea premiums up, while MJP is stable Contango pushes Rotterdam premiums higherAluminium premiums...Read More
LME three-month base metals prices failed to make significant gains at the close on Tuesday July 28, stalling ahead of tomorrow's clarification on US fiscal stimulus measures.The US Federal Reserve announced today that it had extended its existing lending facilities, from September 30 to December 31, to combat the economic fallout of the Covid-19 pandemic.But the market still remain...Read More
A subsidiary of Noranda Income Fund (NIF) has entered into a streaming deal with streaming and royalty company BaseCore Metals LP for zinc processed and refined at its electrolytic processing facility in Quebec, Canada, the company said. The proceeds of the deal will be used to expand capacity at the company's Canadian Electrolytic Zinc (CEZ) refinery by around 20,000 tonnes per year. BaseCore is...Read More
The latest data for the global manganese ore market for the week ended Monday July 27, 2020.Read More
China imported approximately 2.18 million tonnes of manganese ore in June, a rise of around 39.3% from about 1.57 million tonnes in May, according to the latest available Chinese customs data. June's volume is also 7.3% higher than the 2.03 million tonnes imported in the same month of 2019, the data showed.Among the total volume imported in June, around 724,794 tonnes (33.2%) came from South Afric...Read More
Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More
New Century Resources and Vale Canada have mutually agreed to extend the exclusivity period for the former's acquisition of Vale New Caledonia (VNC) by 45 days, it was announced at a press conference held by VNC chief Antonin Beurrier on Tuesday July 28.Australian zinc miner New Century entered into a 60-day exclusivity agreement with Vale Canada, a subsidiary of Brazilian multi-metal miner Vale,...Read More
Ferrous scrap prices in Mexico were steady for the week ended Friday July 24, with the market stabilizing after nearly a month of price reductions.Fastmarkets' assessment of the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey was at 5,700 pesos ($258) per tonne on July 28, and the consumer buying price for steel scrap No1 heavy melt, delivered mill Mo...Read More
Turkish steel producers continued to stay away from the deep-sea scrap market on Tuesday July 28, largely because of strong prices, but also due to the impending holiday period, sources told Fastmarkets.The most recent deep-sea transaction was done through the US at $275 per tonne cfr for shredded and $280 per tonne for bonus at the end of the last week.Turkish mills have since been quiet and...Read More
Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More
A long-delayed Alaskan mine that could be one of the biggest copper and gold producers in the United States has gained final environmental approval. The US Army Corps of Engineers (USACE) concluded on Friday July 24 that the mine on state land in the Bristol Bay Region of southwest Alaska poses no environmental threat. It will be at least six or seven years before mining of the 7.5 billion tonne c...Read More
Resource nationalism is one of the key risks miners will face in the increasingly volatile macroeconomic environment worsened by the Covid-19 pandemic, global law firm White & Case told Fastmarkets this week. This is due to the stretched national budgets that governments are facing after supporting their economies through monetary and fiscal policies amid the Covid-19 outbreak, as well as increase...Read More