The London Metal Exchange aluminium price increased by 9.8% over November but the high price continues to tighten the forward curve.It hit a fresh year-to-date high of $2,080 per tonne on December 2, 12% higher than the start of November when the price was just $1,844.50 per tonne and up 46% from the 2020 low of $1,424.50 per tonne in April.The recent November rally was the first time the LME thre...Read More

The recent surge in copper prices might not lead to swathes of scrap being suddenly released into the market, as happened after a similar situation nearly a decade ago, sources told Fastmarkets this week. With the copper price recently reaching a multi-year high, all eyes are on whether scrap collectors will release a massive amount of secondary material into the rising market. In 2...Read More

The three-month base metals were range trading on the morning of Thursday December 3 on the London Metal Exchange amid a dollar index that continues to dip and support the overall high prices, although aluminium bucked the trend by falling by 1.1%. The three-month aluminium price was recently at $2,032 per tonne, having reached a $2,010 per tonne low during early trading compared with $2,055 per t...Read More

Genesis opens new chapter at UlyssesSPONSOREDgenesis mineralsDigbee talks the rebirth of independent investment researchSPONSOREDdigbee'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningPantoro bullish on bigger production profileSPONSOREDpantoro limitedRecent work has shown the company is able to use filtered dry stack tailings and high-pressure grinding rolls...Read More

China's domestic prices for stainless cold-rolled coil dropped slightly over the week ended Wednesday December 2 on reduced demand and a weaker nickel market.The three-month nickel contract on the London Metal Exchange ended the Wednesday official session at $15,906 per tonne, down by $122 per tonne $16,028 per tonne a week earlier. DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (...Read More

Key data from Fastmarkets' pricing session in China on Wednesday December 2.Key drivers Aluminium scrap prices have increased amid tightening supply after many cargoes were delayed to a shortage of containers in Asia. Scrap sellers held back from selling material on hand, expecting higher prices in the near term, which exacerbated the tight supply of aluminium scrap in the market. Strong gains in...Read More

Turkish steel billet prices have increased over the past week thanks to stronger scrap costs and despite slowing demand, market sources said on Thursday December 3.Suppliers in the Commonwealth of Independent States (CIS) region continued to raise their offers despite low bids, because they were mostly fully booked until the end of the year.Offers from the CIS region were heard around $520-530 per...Read More

Steel billet and rebar prices increased in Egypt over the week to Thursday December 3 although demand was weak, sources told Fastmarkets.Demand for rebar and billet has been slow in the country since the imposition of a construction ban on May 25, however, the rules of the ban were eased on September 29.Buying was reportedly still weak because...Read More

Turkish domestic long steel prices have continued to strengthen on rising imported scrap costs, but overall demand was limited, sources said on Thursday December 3.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 4,900-5,030 lira ($625-641) per tonne on Thursday, up from the 4,800-4,850 lira per tonne of last week.The mills in the Izmir region were...Read More

Turkish rebar and wire rod export prices have continued to increase despite softening demand over the past week, sources said on Thursday December 3.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $530-535 per tonne on Thursday, up from last week's $500-515 per tonne on an actual weight basis.Turkish steel producers raised their offers to $...Read More

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in November 2020.The case list below includes only updates. For other continuing cases this year, see the updates for October, September, August, July, June, May,...Read More

China's domestic rebar prices started to weaken again on Thursday December 3 amid pressure from market inventories being drawn down at a slower pace.DomesticEastern China (Shanghai): 4,010-4,040 yuan ($612-616) per tonne, down by 20 yuan per tonneConstruction activity is falling this week due to dropping temperatures. As such, rebar inventories are not being drawn down as quickly as in previous we...Read More

Anglo Pacific is poised to transform into a battery materials company next year and will make a number of transactions to achieve this, its chief executive officer said.Julien Treger said that the company - which has a portfolio of royalties and metal streams in mainly coal, iron ore and uranium - plans to focus its attention on lithium and cobalt, key raw materials used in the production of batte...Read More

Splunk (SPLK), a NASDAQ 100 stock moved below $171.07 setting an intermediate downtrend.Natural Gas ETN (UNG) moved below $9.62 and $9.39 extending an intermediate downtrend.Nike (NKE), a Dow Jones Industrial Average stock moved above $136.35 to an all-time high extending an intermediate uptrend. Cameco (CCO), a TSX 60 stock moved above $13.39 completing a base building pattern.  Pre-opening...Read More

Small and medium-sized steel mills in Bangladesh have been forced to re-enter the market for scrap at high prices, market participants said on Thursday December 3.The price paid for scrap imported to the South Asian country continued to mount over the last week with supply tightened on both rising international scrap demand and soaring ocean freight costs, Fastmarkets heard."Bangladeshi buyers hav...Read More

Iron ore prices rose again on Thursday December 3 amid further short-term supply shortage concerns due to the decrease in Vale's 2020 production guidance, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $137.08 per tonne, up $0.79 per tonne62% Fe low-alumina fines, cfr Qingdao: $136.98 per tonne, up $1.18 per tonne58% Fe fines high-grade premium, cfr Qingdao: $125.72 per tonne...Read More

Seaborne premium hard coking coal prices in both fob and cfr markets continued their uptrend on Thursday December 3, following an active trading day in the fob market the day before. Fastmarkets indices Premium hard coking coal, fob DBCT: $103.08 per tonne, up $0.75 per tonne Premium hard coking coal, cfr Jingtang: $168.78 per tonne, up $1.52 per tonne Hard coking coal, fob DBCT: $90.80 per tonne,...Read More

Prices for cargoes of steel scrap in Japan continued their upward march over the past week, with domestic steelmakers and export docks now fighting for material.Japanese steel scrap prices have been buoyed in recent weeks, with strong demand in Vietnam and South Korea adding to ever-tighter supply-side conditions.Fastmarkets' price assessment for steel scrap H2, export, fob main port Jap...Read More

The cobalt alloy 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....Read More

Genesis opens new chapter at UlyssesSPONSOREDgenesis mineralsDigbee talks the rebirth of independent investment researchSPONSOREDdigbee'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningPantoro bullish on bigger production profileSPONSOREDpantoro limited‘Aussie Mine 2020: Resourcing the recovery' canvasses the financial and operating performance of the 50...Read More