Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More
Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) will try to apply price increases to flat steel products next month, to compensate for the recent loss of value of the local currency."With the current value of the dollar [versus the Brazilian Real], a price increase is unavoidable; it is a matter of survival," commercial director Luis Martinez said during the company's first-quarter earn...Read More
A summary of production figures and financial results from Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) for the first quarter of 2020, as stated in its earnings report published on Thursday May 14.In brief CSN's hot-rolled coil, cold-rolled coil and galvanized domestic steel sales fell year on year in the first quarter of 2020, but tinplate and long steel sales were up in the sa...Read More
China's crude steel output was largely flat in April, but finished steel production significantly increased to exceed 100 million tonnes, according to data released by the country's National Bureau of Statistics (NBS) on Friday May 15.Steel outputAprilCrude steel: 85.03 million tonnes, up by 0.2% from a year earlier and up by 7.7% month on monthHot metal: 72.02 million tonnes, down 1.2%...Read More
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More
Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More
The Covid-19 pandemic is likely to lead to another casualty: the mega mine. The volatility created by crises like Covid-19 is adding a layer of uncertainty to the development of large-scale projects that take a decade or more to progress and are highly capital intensive, according to Tom Albanese, the former chief executive officer of Rio Tinto.This means that mining projects are likely to be deve...Read More
Alcoa Corp has called on the aluminium industry to assess the cost effectiveness of its smelting capacity and make cuts where appropriate - or face a ratcheting up of inventories and a protracted period of low prices. Roy Harvey, the US producer's chief executive officer, said that while curtailments were costly, both financially and in terms of job losses, they were more than necessary at this mo...Read More
While backward-looking economic data continues to show how deep the global contraction has been, markets seem focused on the recovery this morning, Monday May 18, as more economies open up and plan to reopen in the weeks ahead. The base metals on the London Metal Exchange are up across the board, all the base metals with the exception of July nickel are up on the Shanghai Futures Exchange and Asia...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 75 points in pre-opening trade. Index futures responded to encouraging comments last night by Federal Reserve Chairman Jerome Powell about a recovery in the U.S. economy in the second half of 2020.NVIDIA advanced $12.37 to $352.00 after BMO Capital upgraded the stock from Market Perform to Outperform. Target was raise...Read More
A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto. This is in stark contrast to the global financial crisis of 2008-09, when an across-the-board hit to demand broadly left diversified miners in the same position as pure-play operators, Tom Albanese said. "When the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The Covid-19 pandemic is likely to lead to another casualty: the mega mine. The volatility created by crises like Covid-19 is adding a layer of uncertainty to the development of large-scale projects that take a decade or more to progress and are highly capital intensive, according to Tom Albanese, the former chief executive officer of Rio Tinto.This means that mining projects are likely to be deve...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the session ended Friday May 15.China The UG2 chrome ore market rose once again after Chinese alloy producers with low stocks accepted higher offers. Import charge chrome prices moved up on supply tightness affecting availability. Domestic ferro-chrome spot prices climbed up on bullish sentiment following increases in...Read More
Copper concentrate treatment and refining charges (TC/RCs) on the spot market were now at their lowest level for the past eight months.Fastmarkets' copper concentrates TC index, cif Asia Pacific, dropped to $49.60 per tonne/4.96 cents per lb on Friday May 15. This was the first time the index has dipped below $50 per tonne/5 cents per lb since September last year.The index was calculated at $50.40...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the session ended Friday May 15.China Domestic prices remained stable in an active spot market, with sentiment strengthening after the majority of steel mills raised their tender prices for May deliveries. Hesteel, China's second-largest...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More