An overview of the battery raw materials markets and their latest price moves.Read More
Spot copper concentrate treatment and refining charges (TC/RCs) continued to fall this week with tenders for nearby cargoes reaching new lows amid concerns over delivery delays from Peru's southern copper belt. At $51.2 per tonne / 5.12 cents per lb on Friday July 26, Fastmarkets' copper concentrates TC/RC index, cif Asia Pacific is slightly down against last Friday's $51.6 / 5.16 cents. The...Read More
Key data from the pricing sessions in China, Europe and the United States for the week ending Friday July 26. China Chrome ore prices continued to rise amid bullish sentiment and strong demand from downstream consumers even though some smelters are running at a loss. Chinese major stainless steel mill Tsingshan released its August tender price at 6,296 yuan...Read More
A former employee is suing Gerald Metals, Gerald Holdings and the chief executive officer of both units for alleged fraud, negligent supervision and infliction of emotional distress related to their cobalt activities in the Democratic Republic of Congo (DRC), according to court documents filed in the United States.Plaintiff Alain Vignon, who was employed at Gerald from April 2011 until June 2016 a...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
UK alloy steel scrap price ranges increased and also widened in the past week amid volatile nickel prices and weakness of sterling versus the dollar, sources told Fastmarkets on Friday July 26.After increasing sharply since the start of July, this week nickel prices were volatile but ended lower week on week. Sources said, however, that the lack of a steady trend meant that many had thought that v...Read More
Global ferrous scrap prices moved down during the week ended Friday July 26, because of lower priced deals, weak demand and high inventories. Turkish import prices down on fresh deals US export prices down on recent deals Asian import prices down on high inventories Indian prices continue to fall in weak market.TurkeyTurkish steel producers made four cargo purchases this week for August shipments....Read More
The inter-merchant spot market for UK light iron has been unchanged over the week to Friday July 26, extending a steady trend for the fifth consecutive week while being supported on limited volumes of material made available to major processors, sources told Fastmarkets.Fastmarkets' assessment of the price for steel scrap 5C, loose old light, domestic, inter-merchant, was ?80-100 ($100-125) per t...Read More
Ajist S Mauskar of Bank Muscat led the base metals leaderboard in the Apex second-quarter 2019 contest, with an accuracy rating of 98.2%, while INTL FCStone's Edward Meir was top of the precious metals table with 98.9% accuracy.For steel raw materials, Daniel Hynes and Soni Kumari of ANZ were at the top of the leaderboard with 96.36% accuracy.Click on the image below to download the full report.Se...Read More
With little changed in the big picture, markets continue to oscillate while they consolidate - US and European equity indices were lower on Thursday July 25 and most Asian equities were weaker this morning.London Metal Exchange lead price remains directional, other base metals are working sideways.US second-quarter GDP data out on Friday likely to set the tone.Base metalsVolume on the LME remains...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
China's lithium market reached weaker prices over the week to Thursday July 25 on slow market activity, while most cathode makers have reduced output over the summer period and limited reports of transactions on the spot market.Prices in the rest of the world remained unchanged week on week.Battery-grade lithium carbonate and hydroxide price ranges narrowed on lower achieved prices and slow market...Read More
Indian mills were looking for a steep cut in domestic prices for hot-rolled coil (HRC) in August in an attempt to boost sales, Fastmarkets heard on Friday July 26.According to an official from a private-sector steel mill, the price reduction in HRC for sales in August could be in the range of 1,000-1,500 rupees ($14-22) per tonne."Domestic demand for HRC is very weak," the official said, "and a pr...Read More
Flat-rolled steel prices were under pressure during the week ended Friday July 26 in South America, on discounted deals reported on the Pacific coast and amid lower offers from China.Fastmarkets assessed the price of steel hot-rolled coil, import, cfr main ports South America, at $520-540 per tonne on Friday, down from $540-550 per tonne a week before.At least two deals for August-September delive...Read More
Turkish hot-rolled coil prices were mostly stable on Friday July 26, due to the summer slowdown and a reduction in end-user consumption, but export prices nudged up, sources told Fastmarkets.HRC exportsTurkey's export price for HRC increased because Turkish mills are already booked until late September and would not give a discount to buyers because the export price is already $20 per tonne l...Read More
The inter-merchant spot market for UK light iron has been unchanged over the week to Friday July 26, extending a steady trend for the fifth consecutive week while being supported on limited volumes of material made available to major processors, sources told Fastmarkets.Fastmarkets' assessment of the price for steel scrap 5C, loose old light, domestic, inter-merchant, was ?80-100 ($100-125) per t...Read More
Domestic rebar prices in Poland have been stable over the past week because buyers expected to announce new offers next week, sources told Fastmarkets on Friday July 26.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was unchanged at 2,070-2,120 zloty ($542-555) per tonne on July 26.The assessment reflected the latest deals and offers heard in the mark...Read More
Turkish long steel export prices remained under pressure from low demand in the country's major sales destinations this week, sources told Fastmarkets.Turkish rebar for export was on offer at $460-465 per tonne fob, edging down from $460-470 per tonne last week. One source reported material being available at $455 per tonne fob, but even this price failed to spark customer inte...Read More
Export prices for pig iron from the south of Brazil have increased on new deals reported during the week ended Friday July 26.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was up by $5 per tonne to $320-325 per tonne fob on Friday.One sale of 40,000 tonnes of high-phosphorus pig iron was heard to Turkey at $320 per tonne fob for September shipment.Another carg...Read More
UK alloy steel scrap price ranges increased and also widened in the past week amid volatile nickel prices and weakness of sterling versus the dollar, sources told Fastmarkets on Friday July 26.After increasing sharply since the start of July, this week nickel prices were volatile but ended lower week on week. Sources said, however, that the lack of a steady trend meant that many had thought that v...Read More