Stephen Fairchild, Chief Creative and Brand Officer will take the stage at this year's prestigious Copenhagen Fashion Summit to debate how circular design can create fundamental change in the industry. Fashion designers hold the power to create items that consumers fall in love with, but they also have the opportunity to make the industry more sustainable. At this year's Copenhagen Fash...Read More
JOHANNESBURG (miningweekly.com) – President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday.Baissac, who was speaking to Mining Weekly Online following the finding of Eunomix that South Africa's performance in the past 12 years...Read More
The UK ferrous scrap market for deliveries to domestic consumers in May has settled at prices lower than a month earlier, matching losses reported in the export market, trade sources told Fastmarkets on Wednesday May 15.Export prices have fallen in line with weaker sales into the key destination of Turkey, they added.Most UK deals for May deliveries to domestic consumers have been settled at ?15...Read More
Turkish steel producers have continued to book deep-sea scrap cargoes this week, with prices falling further, sources said on Wednesday May 15.The mills were trying to keep their deep-sea scrap purchases as slow as possible, to put downward pressure on prices, because demand for long steel products was sluggish and values were falling, Fastmarkets was told.But two steel mills came to the market...Read More
Seaborne iron ore prices picked up on Wednesday May 15 following gains in China's futures market, and amid concerns that BHP's mine maintenance could affect supply at a later date.MB 62% Fe Iron Ore Index: $96.95 per tonne cfr Qingdao, up by $2.61 per tonne.MB 62% Fe Pilbara Blend Fines Index: $95.63 per tonne cfr Qingdao, up by $2.61 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $98.53 per tonn...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 90,000 tonnes of 65% Fe Iron Ore...Read More
Prices for seaborne coking coal to China regained some upward momentum on Wednesday May 15, with a transaction being concluded above prevailing levels.A top Australian brand with laycan set for June 19-25 was traded at $212.66 per tonne cfr China, sources told Fastmarkets during the day. This is $1.11 per tonne higher than a transaction involving the same brand late last week.On the same day, anot...Read More
The possibility of another auction of indium stock held by the defunct Fanya Metal Exchange has weakened the buying appetite of consumers both in China and abroad. Word had circulated in the market since last week that around 20-100 tonnes of indium held in Fanya's warehouses could be auctioned by the end of May, market sources told Fastmarkets MB. Officials from the Alibaba online platform, where...Read More
China's domestic rebar prices regained some losses on Wednesday May 15 amid a pick-up in trading activity after futures rebounded.Domestic Eastern China (Shanghai): 4,000-4,010 yuan ($582-583) per tonne, narrowing from 3,990-4,040 yuan per tonneNorthern China (Beijing): 3,930-3,980 yuan per tonne, up 20 yuan per tonneA Shanghai-based trader said trading activity during the day was better than on T...Read More
China's hot-rolled coil prices were largely steady on Wednesday May 15 amid sparse trading in the domestic market, though trading activity in the export segment appeared to pick up after exporters cut their offers.DomesticEastern China (Shanghai): 3,990-4,000 yuan ($580-582) per tonne, unchangedNorthern China (Tianjin): 3,870-3,880 yuan per tonne, narrowing from both endsTrading was persistently t...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade. Index futures moved lower following release of economic news at 8:30 AM EDT. Consensus for April Retail Sales was an increase of 0.2% versus a gain of 1.7% in March. Actual was a decline of 0.2%. Excluding auto sales, consensus for April Retail Sales was an increase of 0.7% versus a gai...Read More
Markets were looking brighter on the morning of Wednesday May 15, with the equities and metals firmer, this despite some further poor economic data in China and the uncertainty about which direction US-China trade talks will go.China's CSI 300 up by 2.6%; LME base metals up an average of 0.4%, after a 1.2% gain on TuesdayChina's fixed asset investment, industrial production and retail sales, all c...Read More
Some mobile phone producers have started to develop devices that support the fifth generation (5G) network, but long-term support for cobalt demand from 5G phones will be limited, Fastmarkets heard on the sidelines of a cobalt conference in Hong Kong this week.There was likely to be an instant boost for cobalt demand, however, when many consumers replaced their 4G mobile phones with those enabled...Read More
Minor metals and ferro-alloys trader Mart?-n N????ez has joined Swiss commodity trading house ArrowMetals after spending five years at UK-based TMT Metals Holdings (TMT), Fastmarkets learned on Wednesday May 15.N????ez joined TMT in April 2014 where he traded ferro-alloys, non-ferrous metals and...Read More
The following Fastmarkets minor metals prices changed on Wednesday May 15:Minor metalsAntimony MB Chinese free market MMTA standard grade II, yuan/tonne: 40,000-41,500 yuan per tonne from 42,000-43,000 yuanBismuth MB free market, $/lb: $3.30-3.50 per lb from $3.30-3.70Cobalt MB China...Read More
Follow up on this year's Fastmarkets Battery Materials Conference in Shanghai with this comprehensive downloadable PDF that brings together the full coverage from the event.Our Battery Materials Conference 2019 in Shanghai in April was one of the many industry-leading events we curate, organize and run, bringing together the biggest OEMs, battery manufacturers, cathode makers and chemical companie...Read More
In case you haven't noticed, the mainstream media outlets are currently clogged up with stories of measles outbreaks and some boy who got chickenpox after suing not to get vaccinated. So today I want to talk about the national vaccination conversation.You're probably wondering what the subject could possibly do with "the rich life."Well, beyond issues like personal choice... the collective good vs...Read More
What if China isn't half so desperate for a deal as the president believes?Are we in for an extended siege of economic trench warfare?Today we explore possibilities... and their implications.We first direct our gaze to Wall Street.Investors came crouching from their shelters this morning... as if expecting an aftershock to the quake that drove them underground yesterday.With Monday's 617-point bat...Read More
Import prices for stainless steel in East Asia declined over the week ended Wednesday May 15 because of low buying interest in a bearish market that followed the escalation of trade tensions between China and the United States.China has announced that it will increase duties on $60 billion-worth of US goods from June 1, in a retaliatory action after the latter country raised tariffs on $200 billio...Read More
“The next few weeks could be rocky.”Bank of America's fortune cookie writers may have undersold their case...The trade war famously reopened Friday. The United States imposed 25% tariffs on $200 billion of Chinese products.Come this morning, China announced retaliatory tariffs on $60 billion of United States products.They enter effect June 1 - unless a negotiated truce first washes the...Read More