Base metal stocks Articles

CHINA AUTO: Chip shortage hits vehicle output, sales in May

June 17, 2021 / Staff reporter

Chinese automotive production and sales figures both fell on a monthly and annual basis, although figures for new energy vehicles still increased, according to the data from the China Association of Automobile Manufacturers (CAAM).Carmakers produced 2.04 million units in May, down by 8.70% month on month and 6.80% year on year, while sales came to 2.13 million units, down by 5.50% from April 2021,...Read More

China's ferro-chrome market strengthens amid production restrictions

June 17, 2021 / Staff reporter

Tightening supply and strong demand supported China's domestic and imported alloy markets in the week ended Tuesday June 15.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, narrowed upward by 100 yuan per tonne (0.7%) to 7,600-7,800 yuan ($1,187-1,219) per tonne on Tuesday, from 7,500-7,800 yuan per tonne the previous week.Spot supply has tightened since power...Read More

IN CASE YOU MISSED IT: 5 key stories from June 15

June 16, 2021 / Staff reporter

Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.With responsibilities across Tata Steel's diverse international portfolio of steelmaking assets, chief executive officer and managing director T V Narendran has a wide-ranging view of, and experience in, the global steel industry. He told Kunal...Read More

GLOBAL ALUMINIUM WRAP: Premiums mixed; Rotterdam up again

June 16, 2021 / Staff reporter

Aluminium premiums moved in different directions on Tuesday June 15, with Rotterdam premiums resuming their uptrend, the Japanese premium ticking downward from its multi-year high, and premiums in the US and Brazil steady.Rotterdam duty-unpaid ticks up againMJP premium declines on cheaper dealsUS Midwest premium steady for two weeksBrazil premium flat on thin liquidity.European premiums strong des...Read More

LIVE FUTURES REPORT 15/06: Selloff takes copper, nickel down 4%, other LME prices follow

June 16, 2021 / Staff reporter

Keen selling was seen across the London Metal Exchange and throughout the day on Tuesday June 15, which took the price of copper to its lowest level since late April this year.Copper's three-month closing price was $9,569 per tonne, showing a 4% decrease from Monday's closing price of $9,971.50 per tonne.Its intraday low of $9,511 per tonne was the lowest price for copper since April 23, while the...Read More

IN CASE YOU MISSED IT: 5 key stories from June 15

June 16, 2021 / Staff reporter

Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.With responsibilities across Tata Steel's diverse international portfolio of steelmaking assets, chief executive officer and managing director T V Narendran has a wide-ranging view of, and experience in, the global steel industry. He told Kunal...Read More

GLOBAL CHROME SNAPSHOT: China alloy market continues to tighten

June 16, 2021 / Staff reporter

Key data from the pricing sessions in Asia, Europe and the United States in the week to Tuesday June 15.China Domestic spot ferro-chrome prices rose again after suppliers increased their offer prices due to supply tightness and power restrictions in Inner Mongolia and some southern regions.Momentum in the domestic ferro-chrome market and robust demand from stainless-steel makers encouraged...Read More

Zijin's major Serbian copper mine debut postponed to Q4 - local media

June 16, 2021 / Staff reporter

The debut of Zijin Mining 's new Serbian copper mine has been postponed to the fourth quarter of 2021, local media See News reported on Tuesday June 15. Citing a statement from Serbia's mining ministry on Monday June 14, the mine in the Cukaru Peki Upper Zone of Serbia's Timok copper-gold project has received approval to construct the mining facilities and execute mining operations, the...Read More

MANGANESE ORE ANALYTICS: June 15, 2021

June 16, 2021 / Staff reporter

The latest data for the global manganese ore market for the week ended June 15, 2021. Read More

IN CASE YOU MISSED IT: 5 key stories from June 15

June 16, 2021 / Staff reporter

Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.With responsibilities across Tata Steel's diverse international portfolio of steelmaking assets, chief executive officer and managing director T V Narendran has a wide-ranging view of, and experience in, the global steel industry. He told Kunal...Read More

UK, Australia agree on post-Brexit free trade deal

June 16, 2021 / Staff reporter

The United Kingdom and Australia secured a free trade deal on Tuesday June 15, which marks the first agreement negotiated from scratch since Britain's departure from the European Union.The UK government has hailed the agreement as an important step in building new trade relationships post Brexit. Previous deals reached with other nations such as Japan and Norway were built upon existing arrangemen...Read More

Mexican ferrous scrap prices continue to climb, market remains optimistic

June 16, 2021 / Staff reporter

Ferrous scrap prices in Mexico continued to rise across nearly all grades in the week ended Friday June 11, with most consumers struggling to secure volumes.Both the obsolete and prime grades are in heavy demanded, with the market outlook for most steel products positive.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 11,200 pesos ($566)...Read More

UK STEEL SCRAP MONTHLY: Tight supply extends market rally

June 16, 2021 / Staff reporter

Tight steel scrap supply in the UK, due to reduced car production and demolition projects, in addition to strong demand for feedstock from steelmakers, has pushed up domestic scrap prices in June for the second month in a row, sources said on Tuesday June 15.Scrap supplies in the UK and across Europe have been further tightened by steady export demand into traditional destinations such as Turkey a...Read More

DAILY STEEL SCRAP: Prices continue to fall in latest bookings

June 16, 2021 / Staff reporter

Turkish steel mills have booked two new deep-sea cargoes at prices that continue the recent downward trend, sources told Fastmarkets on Tuesday June 15.Two US cargoes were heard on Tuesday, and were heard to be of similar composition.A mill in the Marmara region bought the two US cargoes, consisting of unknown tonnages of HMS 1&2 (80:20) at $500 and $501 per tonne, plus shredded and bonus material...Read More

UK, Australia agree on post-Brexit free trade deal

June 16, 2021 / Staff reporter

The United Kingdom and Australia secured a free trade deal on Tuesday June 15, which marks the first agreement negotiated from scratch since Britain's departure from the European Union.The UK government has hailed the agreement as an important step in building new trade relationships post Brexit. Previous deals reached with other nations such as Japan and Norway were built upon existing arrangemen...Read More

Zijin's major Serbian copper mine debut postponed to Q4 - local media

June 16, 2021 / Staff reporter

The debut of Zijin Mining 's new Serbian copper mine has been postponed to the fourth quarter of 2021, local media See News reported on Tuesday June 15. Citing a statement from Serbia's mining ministry on Monday June 14, the mine in the Cukaru Peki Upper Zone of Serbia's Timok copper-gold project has received approval to construct the mining facilities and execute mining operations, the...Read More

MORNING VIEW: Base metals fall despite robust broader markets

June 16, 2021 / Staff reporter

Weakness was evident across the base metals in London and Shanghai on the morning of Tuesday June 15 despite pre-market Western equity index futures driving higher and high volumes traded on the London Metal Exchange.14,205 lots had been traded on the LME by 5.52am London time compared with typical volume of 6,000 lots at this timeMarkets seem to be nervous about the measures China's authorities m...Read More

Ganfeng Lithium to buy 50% stake in Mali lithium mine for $130 million

June 16, 2021 / Staff reporter

China lithium producer Ganfeng Lithium is acquiring a 50% stake in a special purpose company that owns the Goulamina hard-rock mine in Mali for $130 million, the company said on Tuesday June 15.Australia-listed Firefinch, Goulamina's current license holder, will hold the remaining 50% stake of the company that Firefinch plans to set up. Mali's government can take 10% of the equity, free of charge,...Read More

IN CASE YOU MISSED IT: 5 key stories from June 15

June 16, 2021 / Staff reporter

Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.With responsibilities across Tata Steel's diverse international portfolio of steelmaking assets, chief executive officer and managing director T V Narendran has a wide-ranging view of, and experience in, the global steel industry. He told Kunal...Read More

EUROPE HRC: Prices stable but buyers hold back

June 16, 2021 / Staff reporter

Market participants in Europe expect domestic prices for hot-rolled coil in the region to remain fairly stable in the short term due to an ongoing shortage of material, sources told Fastmarkets on Tuesday June 15.Trading activity has been slow in June, with buyers preferring to hold back from making new deals and accepting current mill prices if they need to restock specific material or if they ha...Read More