Key data from Fastmarkets' pricing session in Europe on Wednesday September 22.Key drivers The price of manganese found support among consumers in Europe, who were looking for available units and fearing a material shortage in China, aggravated by power cuts and environmental checks in the "manganese triangle" comprising Chongqing, Guangxi and Guizhou. The recent shortage of other minor metals tha...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More
Australian mining and exploration company Sandfire Resources will buy Spain's Minas de Aguas Te??idas (Matsa) for $1.87 billion from Trafigura and the Mubadala Investment Co, the company said on Thursday September 23.The deal is expected to be completed in the first quarter of 2022. As part of the transaction, Trafigura will retain the life-of-mine 100% offtake agreement for copper concentrates fr...Read More
A summary of China's battery raw materials exports for August 2021, according to the latest Chinese customs data.In briefChina's cobalt metal exports rose in August to their highest so far in 2021 amid improved overseas demand among European buyers.Exports of cobalt tetroxide fell both on a month-on-month and a year-on-year...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points in pre-opening trade. Investors are expected to listen closely to comments on U.S. monetary policy likely to be released by Federal Reserve chairman Jerome Powell this morning.Nike slipped $3.33 to $156.25 after reporting lower than consensus quarterly revenues.Costco added $3.23 to $456.01 after reporting h...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 22 that are worth another look.A group including Anglo American, BHP, Rio Tinto and Trafigura has called on governments to work together with the private sector to deliver the policies and investments needed...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 22.Please click...Read More
Copper's three-month price was steadily above $9,000 per tonne, and tin was up by 3.4% with most prices on the London Metal Exchange rebounding above their psychological levels amid dip-buying and a softer dollar on the afternoon of Wednesday September 22. Copper's closing price on Wednesday was at $9,286 per tonne, a 3.5% increase on Tuesday's price. The red metal had touched $8,810 per tonne on...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 22 that are worth another look.A group including Anglo American, BHP, Rio Tinto and Trafigura has called on governments to work together with the private sector to deliver the policies and investments needed...Read More
In China, ferro-chrome output was slow with continuing electricity outages in Inner Mongolia as well as energy-related production curbs in the southern regions.Production disruptions have resulted in many smelters' failure to fulfill their long-term contracts, a couple of whom began to look for material in the spot market, sources told Fastmarkets. "Electricity limitations in September proved to b...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 22 that are worth another look.A group including Anglo American, BHP, Rio Tinto and Trafigura has called on governments to work together with the private sector to deliver the policies and investments needed...Read More
An overview of the consumer electronics markets and their latest price moves in the week to Wednesday September 22.Janie Davies and Cristina...Read More
Increasing expectations of tighter production curbs in China have put pressure on scrap demand from steel mills in the country, weighing down imported scrap prices, sources told Fastmarkets on Wednesday September 22. Sentiment in China sours because buyers expect tighter production curbsTaiwanese buyers keep bids stableShredded import prices rangebound in IndiaChinaBids for import cargoes of steel...Read More
Base metals prices on the LME were mainly rebounding on Wednesday September 22, after dip buyers took advantage of Tuesday's price weakness, while metals in Shanghai were mixed but mainly down in response to the downturn in London this week.Risk-off sentiment eased slightly as Chinese property giant Evergrande said it would pay some of the interest on its bonds, due Thursday, but the market is als...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 22 that are worth another look.A group including Anglo American, BHP, Rio Tinto and Trafigura has called on governments to work together with the private sector to deliver the policies and investments needed...Read More
Domestic prices for hot-rolled coil continued to decline across Europe on Wednesday September 22, mainly due to weak demand from the automotive sector and spot buyers holding sufficient stocks, sources told Fastmarkets.The reduced consumption by car manufacturers was a result of the global shortage of semiconductor chips for onboard electronics, with some volumes of flat steel being redirected to...Read More
Domestic prices for cold-rolled coil in Europe moved down in the week to Wednesday September 22, due to reduced demand from the car industry, sources have told Fastmarkets.Car manufacturers in the EU were likely to consume fewer flat steel products than previously expected because of the global shortage of semiconductor chips for vehicles' onboard electronics.As a result, some volumes that origina...Read More
Low-carbon wire rod prices in the United States rose by $30 per short ton ($2.50 per cwt) in September, to fresh record highs for both domestic and import product.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was $57.50-60.50 per hundredweight ($1,150-1,210 per ton) on Tuesday September 21, up by 2.61% from $56-59 per cwt on August 1...Read More
A group including Anglo American, BHP, Rio Tinto and Trafigura has called on governments to work together with the private sector to deliver the policies and investments needed to decarbonize the shipping industry.The call to action was signed by more than 150 industry leaders and organizations representing the entire maritime value chain, including shipping, cargo, energy, finance, ports and infr...Read More