An overview of the battery raw materials markets and their price moves from the past week.Read More
The US government's easing of sanctions on Rusal benefits the Russian aluminium producer's employees, US consumers of the metal - and any potential buyers of Oleg Deripaska's shareholding, writes Lord Copper."The Moving Finger writes; and, having writ,Moves on: nor all thy Piety nor WitShall lure it back to cancel half a Line,Nor all thy Tears wash out a Word of it."Well, that's what Omar Kayyam s...Read More
Base metals on the London Metal Exchange ended the week on a downward move at the close of trading on Friday April 27, with both copper and nickel prices falling more than 2%.Copper's three-month price spent most of the day consolidating in positive territory close to the $7,000 per tonne mark. The red metal dipped during the afternoon, with prices falling more than 2% to below $6,800 per ton...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsGeoffrey Gao will become chief executive officer of Australian-Chinese miner MMG from this August.Minera Escondida has ended early talks with its unionized workers aimed at agreeing a new labor deal, the Chilean copper producer said.Anglo American recorded a 13% year-on-year decline...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Metal Bulletin reported in May 2017 that movements in the spread between 37% fob and 44% cif manganese ore indices might provide clues about direction in subsequent weeks.At the time, Metal Bulletin had observed that a narrowing of the spread between the prices for the two grades of manganese ore was often followed by a rise in prices and that a widening of the spread often preceded a pr...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsGeoffrey Gao will become chief executive officer of Australian-Chinese miner MMG from this August.Minera Escondida has ended early talks with its unionized workers aimed at agreeing a new labor deal, the Chilean copper producer said.Anglo American recorded a 13% year-on-year decline...Read More
The light iron scrap market in the UK was steady for a third week on Friday April 27, with business sufficiently active to support current prices, Metal Bulletin has heard.But lower export prices to major overseas buyers of European scrap such as Turkey may undermine the UK market in the near future.Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis w...Read More
Global ferrous scrap prices were mostly going down during the working week ended Friday April 27 due to thinner trading and weaker demand.A public holiday in Turkey reduced the demand for bulk cargoes, while a slight pickup in daily prices toward the end of the week did not boost week-on-week price changes. The weak bulk export sales in the United States added downward pressure to bulk prices, com...Read More
Prices for containerized shredded scrap imported into India were stable this week with buyers returning to the market following a lull in activity, sources told Metal Bulletin on Friday April 27.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was largely unchanged this week at $385.15 per tonne cfr Nhava Sheva on April 25, down by $0.29 week-on-week, compared w...Read More
Comex copper prices fell to a multi-week low to close the week on April 27 morning in the US, with a rising dollar and geopolitical uncertainty weighing on the red metal.Copper for May settlement on the Comex division of the New York Mercantile Exchange collapsed 7.40 cents or 2.4% to $3.0400 per lb. Earlier, the contract weakened to $3.0305, the lowest point since April 6."Next week is going to b...Read More
Base metals prices on the London Metal Exchange were broadly down this morning, Friday April 27, with only aluminium in positive territory - up by 0.8% at $2,289 per tonne. The rest were all lower by an average of 0.3%.Volume is up from this time on Thursday, but at 4,449 lots as of 06.16 am London time is still below average. Thursday's trading started on a weak footing, but most of the metals en...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Spot, battery-grade lithium carbonate prices continued to fall in China this week on thin buying activity, with buyers in no rush to buy ahead of the Labour Day holiday (April 29-May 1) and cautious given recent price declines.Chinese lithium carbonate battery-grade spot prices fall due to softer demand Consumers of lithium carbonate battery-grade hold back on procuring material ahead of hol...Read More
Import prices for flat steel in South America have increased this week, due to high-priced offers from China, Metal Bulletin has heard."[Chinese] export offers rose due to rising domestic values," a trader said on Friday April 27.China-origin offers of cold-rolled coil (CRC) were recorded at $680 per tonne cfr in Brazil and at $670-675 per tonne cfr along the region's Pacific coast.Meanwhile, Chin...Read More
Coated coil prices in Turkey fell this week because of lackluster demand in both the local and export markets, sources told Metal Bulletin on Friday April 27.Domestic pricesOne Northern Turkish producer was offering 0.50mm hot-dipped galvanized coil (HDG) at $780 per tonne ex-works this week.Southern Turkish producers were offering the product at $810 per tonne ex-works this week, down from $820-8...Read More
Some flat steel prices in Turkey's domestic and export markets fell this week, with demand remaining limited, market participants told Metal Bulletin on Friday April 27. Buyers were expecting further price decreases because there has been no sign of an improvement in demand and the products booked now will be delivered in June at the earliest, which is the start of summer holidays in Turkey and it...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices ended the week above the $65-per-tonne mark, with most market participants staying away on Friday April 27 to cut their risk ahead of a four-day trading break in China due to a public holiday over the first two days of next week.Meanwhile, India's largest iron ore miner, NMDC, lowered it...Read More