Here are five Fastmarkets MB stories you might have missed on Friday December 6 that are worth another look.Sir Brian Bender has seen three London Metal Exchange chief executive officers, the sale to Hong Kong Exchanges & Clearing and a great number of other changes over more than nine years as the exchange's chairman, he told Fastmarkets in an interview, but the open outcry system will remain for...Read More
Here are five Fastmarkets MB stories you might have missed on Friday December 6 that are worth another look.Sir Brian Bender has seen three London Metal Exchange chief executive officers, the sale to Hong Kong Exchanges & Clearing and a great number of other changes over more than nine years as the exchange's chairman, he told Fastmarkets in an interview, but the open outcry system will remain for...Read More
A strong United States employment report at the end of last week gave most markets something to be cheerful about and that has flowed through into Asian trading on Monday December 9.Trading is likely to remain nervous this week while the manufacturing sector prepares for the holiday season and businesses focus on whether US President Donald Trump follows through with his threat to put 15% tariffs...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.Starbucks (SBUX $86.28) is expected to open higher after RBC Capital initiated coverage on the stock with an Outperform rating. Target is $97.McDonalds (MCD $194.68) is expected to open higher after RBC Capital initiated coverage with an Outperform rating. Target is $218.Darden Restaurant...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points in pre-opening trade. The Canadian Dollar was virtually unchanged at U.S.75.45 cents following release of Canada's November Housing Starts report. Consensus was an increase to 205,000 from 202,000 in October. Actual was 201,300.Carnival added $0.18 to $44.95 after JP Morgan raised its target price to $48 from...Read More
Tin ended higher on the London Metal Exchange on Friday December 6, closing above $17,000 per tonne for the first time since September.Copper also closed positively, ending just below $6,000 per tonne. The three-month tin price finished at $17,075 per tonne, up by 1.7% on Thursday's close. Turnover was high at around 475 lots by the close, the most since November 21.The metal ignored LME tin stock...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Responsible sourcing initiatives are now a growing component of the metals and mining industry, with the London Metal Exchange recently issuing its requirements for compliance.Technology start-up company Minexx has broadened that effort, implementing blockchain technology to its pilot site in Rwanda in an effort to bring transparency and trust to the mining industry. Problems surrounding occupatio...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday December 6. China Domestic 75-grade alloy prices dropped for the first time since late September in response to the bearish outlook for the forthcoming steel mill tender prices for deliveries of 72-grade alloy, in addition to falling downstream magnesium prices and persistent weak exports.Sentiment...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 6. China Seaborne 37% and 44% manganese ore prices rose after some suppliers offered only limited volumes of material for January delivery. Many Chinese alloy smelters sought to build positions in seaborne cargoes out of fear of missing out on ore prices at their comparatively l...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday December 6. China Spot Chinese ferro-chrome prices dropped after major stainless steel mills in China announced lower tender prices for December. Some producers continued to cut offers to encourage sales and generate cash flow ahead of year-end. The imported charge chrome price in...Read More
An overview of the minor metals markets and their latest price moves.Read More
Fastmarkets will maintain the frequency of publication of its European germanium metal and tellurium assessments and Chinese germanium dioxide assessment following a consultation.Fastmarkets will continue to publish these three price assessments on a twice-weekly basis on Wednesdays and Fridays. After receiving market feedback during a one-month consultation, Fastmarkets has decided to maintain th...Read More
Global scrap prices in most major markets moved upward during the week ended Friday December 6, due to good demand and a shortage of material in some locations. Prices jump in Turkey on newest tradesUS market activity picks up at higher pricesIndian price move up on material shortagePrices continue to move up in VietnamTaiwan maintains strong demand and solid pricesTurkeyTurkish steel mills booked...Read More
The price of austenitic alloy steel scrap fell this week after further losses in the nickel market, sources told Fastmarkets on Friday December 6. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, ?720-780 ($946-1,025) per tonne on Friday, down ?,?20-30 per tonne week on...Read More
The price of ferrous scrap imported into India moved up again this week ahead of a seasonal slowdown for the European holiday season, sources told Fastmarkets on Friday December 6.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $286.46 per tonne on Friday, up from $282.56 per tonne one week previous.One deal was heard for shredded material into India at $291 per tonne this w...Read More
Asian equities and most of the base metals are in positive territory after United States President Donald Trump sounded more positive on a US-China trade deal when he said talks are "moving right along".With the news flow on trade ebbing and flowing, the day of reckoning is likely to be whether Trump follows through with his threat to put 15% tariffs on another $160 billion of Chinese imports from...Read More
Sir Brian Bender has seen three London Metal Exchange chief executive officers, the sale to Hong Kong Exchanges & Clearing and a great number of other changes over more than nine years as the exchange's chairman, he told Fastmarkets in an interview, but the open outcry system will remain for as long as members support it. Bender was on holiday in Australia when a headhunter emailed to ask whether...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets.Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lb.Click here for...Read More