Ukraine's ArcelorMittal Kryvyi Rih has begun modernization of its blast furnace (BF) No9. The BF has a current capacity of 3.7 million tonnes per year of hot metal but the reconstruction will increase capacity by 35.7%, to 4.5 million tpy, sources told Fastmarkets.The BF modernization aims to optimize raw materials consumption.The works should be finalized by the end of 2023. Total investment in t...Read More

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses showed varying changes in the week to Friday July 16, with the biggest decrease being in copper while lead showed the highest increase in percentage terms.Copper stocks totalled 113,593 tonnes this week, down by 15,876 tonnes (12.3%) from 129,469 tonnes the week before.The largest outflow was from the 830 GuangDon...Read More

Iron ore prices mostly edged downward on Friday July 16 under the influence of increasing inventory at China's ports despite reduced shipments.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $221.43 per tonne, down by $0.66 per tonne62% Fe low-alumina fines, cfr Qingdao: $223.39 per tonne, down by $0.36 per tonne58% Fe fines high-grade premium, cfr Qingdao: $181.57 per tonne, down by $0.49...Read More

Seaborne coking coal prices were firm in the cfr market on Friday July 16 despite quiet trading. Offers for September loaded cargoes rose but the fob coking coal market also remained stable, sources said.Prices for seaborne pulverized coal injection (PCI) inched up in the cfr market in the week to July 16 due to tight supply for high quality resources from Russia. The fob market continued to incre...Read More

Hot-rolled coil prices across China's domestic market edged lower on Friday July 16, while futures prices dropped to a one-week low following Beijing's fresh pledge to ensure stable supply and prices for commodities.DomesticEastern China (Shanghai): 5,860-5,900 yuan ($906-913) per tonne, narrowing downward by 20 yuan per tonneNorthern China (Tangshan): 5,710-5,720 yuan per tonne, up by 100-210 yua...Read More

Nickel reached $19,205 per tonne on the morning of Friday July 16 on the London Metal Exchange, with most prices also maintaining their high levels from Thursday due to increasing worries about supply from countries with rising Covid-19 cases.Nickel's three-month price reached its highest level since February 26 during early trading, recoiling back to $18,965 per tonne at 9am but still 1% higher t...Read More

China's domestic rebar prices halted its upward trend on Friday July 16 due to market participants' concern of price supervision from government offices.Domestic Eastern China (Shanghai): 5,200-5,240 yuan ($804-811) per tonne, unchangedNorthern China (Beijing): 5,070-5,120 yuan per tonne, up by 120-130 yuan per tonneEastern rebar prices were 180-190 yuan per tonne higher than on July 9, mainly due...Read More

An overview of the aerospace materials markets and the latest price moves.Carrie Shi, Jessica Long and Ruby...Read More

The silicon metal price in the United States has fallen for the first time since October 2020, retreating from its 10-year high, partly due to reduced buying by silicon-bearing alloy makers who lack the staff to make their alloys, sources told Fastmarkets.US employees have been leaving their jobs in record numbers, the US Bureau of Labor Statistics reported in June. Four million Americans resigned...Read More

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...Read More

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....Read More

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

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.Fastmarkets...Read More

The price of cold-rolled stainless steel in Europe increased during the week to Friday July 16 amid a shortage of material, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered north Europe was ?,?3,800-3,850 ($4,292-4,551) per tonne on Friday, up by...Read More

The price of austenitic stainless steel scrap remained steady in the week to Friday July 16 ahead of the summer slowdown, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK was ?1,700-1,800 ($2,352- 2,491) per tonne on July 16, unchanged week on week.In the UK and in Europe, there is a summer slowdown in July and Aug...Read More

Mining and metals producer Assmang has declared force majeure on its medium-carbon ferro-manganese production in South Africa, a source told Fastmarkets on Friday July 16.Assmang produces refined ferro-manganese at its Cato Ridge Alloys plant in the eastern province of KwaZulu-Natal and informed its customers about the force majeure on production earlier this week.The force majeure declaration was...Read More

Operations at Barrick Gold's (TSX: ABX; NYSE: GOLD) Hemlo mine, about 350 kilometers east of Thunder Bay, Ontario, remains suspended after a contract worker died on site late Wednesday.Perenti, through its subsidiary Barminco, provides underground mining services to the Hemlo gold mine.Barminco and Barrick are working closely with the labour ministry and the Ontario Provincial Police to investigat...Read More

Information obtained by Electrek revealed that Tesla filed a new patent related to the acid-free saline lithium extraction process mentioned by Elon Musk during Battery Day in September 2020.Titled "Selective extraction of lithium from clay minerals," the patent states that extracting lithium from ore using sodium chloride is an environmentally friendlier way to obtain the metal, compared to curre...Read More

Uranium Outlook: Ready for lift off at lastSPONSOREDGalan Lithium rides electric vehicle revolutionSPONSOREDgalan lithiumGlobal Atomic is shipshape and in weather for plain sailingSPONSOREDglobal atomicDenison aims for 2022 live ISR field test at PhoenixSPONSOREDdenison minesBorder closures imposed in Western Australia since COVID have cut off access to workers just as demand for labour escalates...Read More

China's Ganfeng Lithium Co Ltd , one of the world's biggest lithium producers, said on Friday its board had approved an offer to buy Argentina-focused Millennial Lithium Corp for as much as C$353 million ($280 million).The bid will be made by a Ganfeng subsidiary at C$3.60 per share, Ganfeng said in a filing to the Shenzhen Stock Exchange, or a premium of 8.4% to Vancouver-based Millenni...Read More