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
Australian spodumene miner Galaxy Resources has delayed one shipment of 15,000 tonnes of lithium spodumene previously planned for the second quarter from its Mount Cattlin nameplate operation in Western Australia, it said on Wednesday June 26. Although further details were not disclosed by the company, falling lithium prices and delays on production expansion by some converters in China, who typic...Read More
Coated flat steel prices in Turkey decreased over the week ended on Friday June 28, with demand reportedly weak in both the local and export markets.Export demand had initially improved after the United States decided on May 17 to reduce its tariffs on Turkish steel imports to 25% from 50%, but then declined again because of Turkish producers' high prices.Domestic pricesDemand in the country's loc...Read More
Hot-rolled and cold-rolled coil prices in Turkey moved down over the past week due to the summer slowdown and reduced end-user consumption, sources told Fastmarkets on Friday June 28.Domestic pricesFastmarkets' weekly price assessment for Turkish domestic HRC was $500-510 per tonne ex-works on Friday, compared with $500-520 per tonne ex-works a week earlier.Turkish mills have been offering th...Read More
China's hot-rolled coil exporters capitalized on higher prices on Friday June 28 amid stability in the domestic market.DomesticEastern China (Shanghai): 3,920-3,940 yuan ($570-573) per tonne, narrowing from 3,900-3,950 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, up 10 yuan per tonneTrading activity picked up a bit in Shanghai after prices fell a bit from the high end compar...Read More