The LME aluminium price has risen 25% since the beginning of October, with the metal currently trading at about US$2,150/t.Read More
Mantashe was addressing a panel discussion hosted by Fasken Law ahead of the Prospectors and Developers Association of Canada's 89th annual event this month, which is being held digitally for the first time due to the COVID-19 pandemic.Mantashe acknowledged South Africa's slide in terms of luring investors according to the Fraser Institute's annual survey of mining companies released last week.&nb...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
The Turkish steel mills have continued to hold back from deep-sea scrap purchasing activity and kept their focus on steel sales, market participants told Fastmarkets on Wednesday March 3.The latest transaction was recorded late on February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20), which raised the daily scrap index for US-origin mate...Read More
Offer prices for bulk cargoes of steel scrap to China have continued to move upward in the past day, supported by price increases in China's local scrap market, sources told Fastmarkets on Wednesday March 3.Offers for Japanese heavy scrap (HS), which is equivalent to plate and structural (P&S) quality material, were heard at $510-515 per tonne cfr China on Wednesday.A Japanese trading house was he...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 3 that are worth another look.A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.Glencore has appointed BMO...Read More
Nornickel said it would review restarting two nickel and copper mines in the Polar Division on March 9, which were partially suspended on February 24 due to flooding, Fastmarkets understands.The amount of production lost at the Oktyabrsky and Taimyrsky mines, which reportedly account for more than one third of Nornickel's Russian ore, is unknown, but nickel prices on the London Metal Exchange dipp...Read More
China's Tsingshan Holding Group has signed a one-year contract to supply nickel matte to Huayou Cobalt Co and CNGR Advanced Material Co, the stainless steel producer announced via its WeChat account on Wednesday March 3.Under the agreement, Tsingshan, which is China's largest producer of stainless steel, will supply 60,000 tonnes of nickel matte to Huayou and 40,000 tonnes to CNGR within a year, s...Read More
Share this article Pure Gold Mining Inc. [TSXV-PGM; LSE-PUR] provided an update on commissioning and ramp-up activities at its high-grade PureGold Mine in Red Lake, northwestern Ontario.Since pouring first gold in December 2020, commissioning at the mine has transitioned to full scale ramp-up of mining and milling operations with approximately 260 persons employed at the mine site.Performance has...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 3 that are worth another look.A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.Glencore has appointed BMO...Read More
The strength of the economic recovery in China in 2020 defied the expectations of most market observers. According to estimates by Fastmarkets, apparent consumption in the country rose by 9% in 2020 compared with a 12% fall in the rest of the world.Crucially, this increase in supply was a response to a boom in steel demand in the East Asian nation. In the first quarter of 2020, demand (or real con...Read More
The Texas power grid crisis wasn't an anomaly.It was a giant red flag wildly waving back and forth, warning us all of the state of the U.S. power grid.I'm not suggesting that power plants across the country will suddenly freeze and cause national blackouts. As I mentioned last week, Texas failed to winterize its power plants back in 2011 and way back in 1989 when similar deep freezes occurred.No,...Read More
Domestic prices for hot-dipped galvanized coil in Europe increased again over the week to Wednesday March 3, due to a material shortage combined with healthy demand, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil, domestic, exw Northern Europe, was ?,?870-900 ($1,048-1,084) per tonne on March 3, up by ?,?20-30 per tonne week on week from ?,?...Read More
Tata Steel Europe has announced that its chief commercial officer, chief technical officer and executive director of human resources will depart the company without being replaced.Karl Heider, CCO, and Ernst Hoogenes, CTO, will depart at the end of March while Tor Farquhar, the third...Read More
Prices for steel hollow sections in Europe held steady week on week on Wednesday March 3, while mills are looking to pass on increasing feedstock costs to customers, sources told Fastmarkets. Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?860-880 ($1,035-1,059) per tonne on Wednesday, unchanged on the previous assessment. Fastmarkets' wee...Read More
The steel mesh-quality wire rod price in southern Europe was broadly stable in the week to Wednesday, despite local producers' push for increases on higher scrap prices, sources told Fastmarkets on March 3.Fastmarkets assessed the weekly price for steel wire rod (mesh-quality), domestic, delivered Southern Europe at ?,?650-670 ($783-807) per tonne on Wednesday, unchanged from the preceding week.It...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 3 that are worth another look.A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.Glencore has appointed BMO...Read More
The Turkish steel mills have continued to hold back from deep-sea scrap purchasing activity and kept their focus on steel sales, market participants told Fastmarkets on Wednesday March 3.The latest transaction was recorded late on February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20), which raised the daily scrap index for US-origin mate...Read More
A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry. Local authorities in the city issued a notice on the evening of Tuesday March 2 to say that it was embarking on a strict crackdown over March on industries that lag behind in terms of measures to lower emissions, with some act...Read More
A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry. Local authorities in the city issued a notice on the evening of Tuesday March 2 to say that it was embarking on a strict crackdown over March on industries that lag behind in terms of measures to lower emissions, with some act...Read More