Here are five Fastmarkets MB stories you might have missed on Friday June 28 that are worth another look.Nyrstar has confirmed that its lead smelter at Port Pirie, Australia, will resume operations in the second week of July, extending its previous estimates of a late-June restart, Fastmarkets learned on Friday June 28. ERG partially restarted production of cobalt metal at Chambishi in Z...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 28 that are worth another look.Nyrstar has confirmed that its lead smelter at Port Pirie, Australia, will resume operations in the second week of July, extending its previous estimates of a late-June restart, Fastmarkets learned on Friday June 28. ERG partially restarted production of cobalt metal at Chambishi in Z...Read More
Equity indices around the world moved higher in overnight trading. They responded to a resumption of trade negotiations between the U.S. and China. The S&P 500 Index futures gained 32.75 points to 2,977.00 implying a move by the Index at the open to an all-time high above the previous high at 2,964.15.Other indices recording significant gains in overnight trading included the Shanghai Composit...Read More
The G20 Summit, which takes place in Osaka, Japan, this weekend has cast a shadow over the Asian ferrous metals markets.Market participants are hoping a quick resolution to the trade war between China and the United States will provide much-needed relief both for steelmakers and downstream buyers at a time of squeezed margins and weak demand.One of the key themes at t...Read More
European steel mills could further reduce steel production should the volume of steel imported into the European Union continue to increase, market participants said at the European Steel Day in Brussels, Belgium, on Wednesday June 26."The markets for many steel products in Europe are rather weak. So nearly every steel company is forced in one way or another to cut production," Heinz J??rg Fuhrman...Read More
Henrik Adam, who has been chief commercial officer at Tata Steel Europe since 2011, will replace Hans Fischer as ceo when he retires on July 1, the company said on Thursday June 27.Fischer will continue to serve on the board of Tata Steel Europe as a non-executive director, and will continue to act as an adviser to global ceo and managing director TV Narendran."During his tenure as ceo and be...Read More
Treatment charges (TCs) on copper concentrates are marginally lower this week because of further aggressive bids from traders on third-quarter tonnages despite fresh spot supply from the Cobre Panama greenfield project.Fastmarkets' Asia-Pacific TC/RC index dropped to $52.4 per tonne/5.24 cents per lb on Friday June 28, its lowest since the index was launched in June 2013. It was $53.5 per tonne/5....Read More
Nickel's three-month price on the London Metal Exchange maintained weekly gains of around 5% at the close of trading on Friday June 28, closing at $12,690 per tonne while turnover was moderately light with some 8,800 lots of nickel exchanged by the close.The metal's three-month price began the week trading just above the $12,000-per-tonne support level, after trading below that mark the week prior...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Treatment charges (TCs) on copper concentrates are marginally lower this week because of further aggressive bids from traders on third-quarter tonnages despite fresh spot supply from the Cobre Panama greenfield project.Fastmarkets' Asia-Pacific TC/RC index dropped to $52.4 per tonne/5.24 cents per lb on Friday June 28, its lowest since the index was launched in June 2013. It was $53.5 per tonne/5....Read More
Chinese imports of manganese ore soared to a record high in May after comparatively low prices for ore and strength in domestic alloy markets in late February and early March led to increased bookings for cargoes loaded in March and April.China imported 3.36 million tonnes of manganese ore in May, up by 46.3% from 2.29 million tonnes in the prior month, according to official, but unconfirmed, data...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
ERG partially restarted production of cobalt metal at Chambishi in Zambia earlier this month. It is understood that the new production is fed by hydroxide produced at ERG's Metalkol Roan Tailings & Reclamation (RTR) project in the Democratic Republic of Congo (DRC). RTR started production late last year, with output in the process of increasing to 14,000 tonnes per year of cobalt in the form of...Read More
Treatment charges (TCs) on copper concentrates are marginally lower this week because of further aggressive bids from traders on third-quarter tonnages despite fresh spot supply from the Cobre Panama greenfield project.Fastmarkets' Asia-Pacific TC/RC index dropped to $52.4 per tonne/5.24 cents per lb on Friday June 28, its lowest since the index was launched in June 2013. It was $53.5 per tonne/5....Read More
Global ferrous scrap prices ended the downtrend during the working week from Monday June 24 to Friday June 28, with Turkish mills returning to the market for August shipment deep-sea cargoes, bringing a positive sentiment to the market. Turkish import prices increase sharply on resumed buyingUS export markets remain weak with sales from West CoastCheaper Japanese scrap to limit US imports into Asi...Read More
The UK light iron inter-merchant spot market has been relatively stable amid some widening in price assessments while suppliers and consumers jockey for position in their estimates for the outcome of July monthly settlement talks due to start next week, sources told Fastmarkets on Friday June 28.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?80-...Read More
The first day of the Group of 20 (G20) summit in Japan gets underway on Friday June 28. With world leaders gathering at the event, and a few notable meetings scheduled on the sidelines, market participants will be keeping a close eye on any developments.The London Metal Exchange three-month base metals prices were weaker on Friday morning and it is worth noting that the strongest performer this we...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
ERG partially restarted production of cobalt metal at Chambishi in Zambia earlier this month. It is understood that the new production is fed by hydroxide produced at ERG's Metalkol Roan Tailings & Reclamation (RTR) project in the Democratic Republic of Congo (DRC). RTR started production late last year, with output in the process of increasing to 14,000 tonnes per year of cobalt in the form of...Read More