Base Metal Stocks Articles

AEROSPACE MATERIALS MARKET REPORT 09/04: Chromium moves up on strong buying in Europe, US

April 10, 2021 / Staff reporter

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 09/04: Chromium price jumps on tight raw material supply, logistics concerns

April 10, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

April 10, 2021 / Staff reporter

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam,...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

April 10, 2021 / Staff reporter

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb...Read More

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

April 10, 2021 / Staff reporter

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More

Trade log: Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne

April 10, 2021 / Staff reporter

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More

EUROPE STAINLESS STEEL: Asian imports may limit further price rises despite long lead times

April 10, 2021 / Staff reporter

Competitively priced imports from Asia could limit further prices increases for stainless steel flat products produced in Europe, despite ongoing tightness in the domestic market, sources told Fastmarkets on Friday April 9. Fastmarkets' assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?2,800-2,850 ($3,329-3,389) per tonne on Friday,...Read More

Jiangxi Copper to shelve Malaysia scrap processing plant plan

April 10, 2021 / Staff reporter

Jiangxi Copper has canceled its plan to construct a copper scrap processing plant in Malaysia, chairman Zheng Gaoqing said on Thursday April 8 in a conference call to investors. In 2019, Jiangxi Copper became the first Chinese company to receive approval to set up a 150,000-tonne-per-year copper facility in Malaysia to process low quality copper scrap including insulated copper wire (ICW). Th...Read More

CHINA STEEL SCRAP: Buyers consider higher bids amid renewed purchasing interest

April 10, 2021 / Staff reporter

Chinese ferrous scrap buyers are considering higher bids for imported heavy scrap, with steel mills in both east and northeast China looking to purchase more quantities in the coming weeks."Buyers in the northeast can bid as high as $485-500 per tonne cfr China," a trader in China told Fastmarkets.A buyer source at a south China-based steel mill said he was willing to purchase at $480-500 per tonn...Read More

VIETNAM STEEL SCRAP: Prices rise further on strengthening steel market

April 10, 2021 / Staff reporter

Import prices for ferrous scrap in Vietnam are still increasing due to a strengthening downstream steel market, though the rate of increase has slowed, sources told Fastmarkets on Friday April 9.A higher auction price at Japan's Kanto Tetsugen, a cooperative of scrap dealers in the Tokyo area, will likely support further price increases.Bulk cargoes of Japanese H2 scrap were offered to Vietnam at...Read More

GLOBAL MANGANESE SNAPSHOT: Low Chinese portside ore prices weaken seaborne market

April 10, 2021 / Staff reporter

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday April 9. China  Seaborne low- and high-grade manganese ore prices continued to trend downward amid thin liquidity. Participants from both sides of the market submitted lower assessments citing the relatively low price levels at portside markets and high stocks. Spot demand for portsid...Read More

ALUMINIUM BILLET WRAP: Global premiums continue to soar; European premiums hit $800/t

April 10, 2021 / Staff reporter

Aluminium billet premiums across the globe were at multi-year or all-time highs on Friday April 9 due to supply tightness, logistics issues and firm demand.EuropeBillet premiums in Europe continue to rise, with sellers increasing their offers and supply exceptionally tight. Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $750-800 per tonne on Fr...Read More

LIVE FUTURES 09/04: Base metal futures take end-of-week hit on China VP comments

April 10, 2021 / Staff reporter

Base metal futures prices roundly dropped day on day on Friday trading in London but ended largely higher than the week while markets continue to digest mixed news out of China and the United States.At $2,264 per tonne, the three-month aluminium price was down by 0.94% against Thursday's 5pm close but was up 1% against Tuesday's market open of $2,240 per tonne.The three-month copper price closed a...Read More

Copper miner KAZ will go private after shareholders accept Kim's increased offer

April 10, 2021 / Staff reporter

KAZ Minerals will be taken private after acquirer Nova Resources received enough shareholder votes to accept its $5.6 billion offer for the company.As of 1pm on April 9, Nova Resources - a vehicle backed by KAZ Minerals chief executive officer Oleg Novachuk and Kazakhstan's richest man, Vladimir Kim -owned or had had offer acceptances for shares representing 89.17% of the company at 850 pence ($11...Read More

NEW ENERGY MATERIALS MARKET REPORT 09/04: Chile border closure pushes Asia lithium prices higher

April 10, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More

GLOBAL FERRO-SILICON SNAPSHOT: Chinese market slides on lower mill tender prices

April 10, 2021 / Staff reporter

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday April 9. China China's ferro-silicon price has fallen, in line with steel mills' lower tender prices for 72%-grade alloy and ample inventories, with less inquires and deals made.Export prices also fell during the past week, with overseas demand remaining subdued....Read More

Copper miner KAZ will go private after shareholders accept Kim's increased offer

April 10, 2021 / Staff reporter

KAZ Minerals will be taken private after acquirer Nova Resources received enough shareholder votes to accept its $5.6 billion offer for the company.As of 1pm on April 9, Nova Resources - a vehicle backed by KAZ Minerals chief executive officer Oleg Novachuk and Kazakhstan's richest man, Vladimir Kim -owned or had had offer acceptances for shares representing 89.17% of the company at 850 pence ($11...Read More

COPPER CONCS SNAPSHOT: TC/RCs dip to low $20/2 with ongoing Q2 purchases

April 10, 2021 / Staff reporter

Copper smelters were still looking for May and June shipments this week, while traders were also actively acquiring copper concentrate in the tightly supplied market, sources told Fastmarkets on Friday April 9.Fastmarkets' copper concentrates treatment charge/ refining charge(TC/RC) index, cif Asia Pacific, dropped to low $20s/2 cents this week for the first time.Smelters in China have been b...Read More

AEROSPACE MATERIALS MARKET REPORT 09/04: Chromium moves up on strong buying in Europe, US

April 10, 2021 / Staff reporter

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

NEW ENERGY MATERIALS MARKET REPORT 09/04: Chile border closure pushes Asia lithium prices higher

April 10, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More

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