Prices for molybdic oxide and ferro-molybdenum came under pressure from profit taking in the second half of the week ended Friday January 15, and gave up some of their recent gains following swift gains earlier in January. Fastmarkets' assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam fell slightly to $24.60-25.10 per kg on January 15, from $24.70-25.20 per kg two days earlier.Fast...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 15. China Domestic spot ferro-silicon prices resumed their upward trend, prompted by rising futures prices. The current level is the highest since December 2018.The most-actively traded May ferro-silicon futures contract price on the Zhengzhou Commodity Exchange closed at 7,930 yuan ($1,226)...Read More

Copper concentrate TC/RCs remained at low levels as of January 15, with smelters in China continuing to purchase available spot cargoes when offered, sources told Fastmarkets.Fastmarkets' copper concentrates TC index, cif Asia Pacific was $40.10 per tonne, down marginally from $40.30 per tonne a week ago.Deals to smelters were done at TC/RCs in the range of $44/4.4 cents -...Read More

The find occurred over the Christmas period from milling of ore sourced from the south western quadrant of Karowe's South Lobe.Read More

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

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

Sentiment in the key global scrap markets has turned negative in the week to Friday January 15, with buying activity dipping on expectations of a correction in prices, led by a week-long absence from the markets by Turkish buyers after a prolonged period of soaring prices.Turkish prices drop $20 per tonne before weekendUS export prices up on recent tradesBuyers withdraw from market in Vietnam on e...Read More

The British light iron market hit ?150 per tonne in the week ending Friday January 15, a level last seen almost eight years ago, amid firm fundamentals, reduced supplies coming into yards and strong export demand, trade sources said.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?140-150 ($191-205) per tonne on Friday, up fro...Read More

Turkish deep-sea scrap import prices have gone down sharply on a fresh Baltic Sea cargo deal sold at the end of the week, sources said on Friday January 15.A steel mill in northern Turkey booked a Baltic Sea cargo at $460 per tonne cfr on a heavy melting scrap 1&2 (80:20) basis. The cargo composition was not clear at the time of publication.This was compared with the US cargo sold at $485 per tonn...Read More

The base metals on the London Metal Exchange were mainly weaker this morning, Friday January 15, while those on the Shanghai Futures Exchange were mainly firmer in line with the stronger Chinese fundamentals. US President-elect Joe Biden proposed a $1.9 trillion rescue packageUS Federal Reserve chair Jerome Powell said the central bank would not be raising rates anytime soonBase metals Three-month...Read More

Share this article VANCOUVER - Aura Minerals Inc. [ORA-TSX; AURA32-B3] on Friday January 15 released its operational forecasts and said it is planning for a sharp increase in gold production this year.After recently declaring record high production of 204,000 gold equivalent ounces (GEO) in 2020, the company is targeting annual production of between 250,000 and 290,000 GEO in 2021.The cash cost...Read More

In 2012, four entrepreneurs moved to Palo Alto, California, with the hopes of developing a new technology to support small businesses.After surveying 200 owners in the area, the group discovered that the No. 1 problem small businesses faced was handling deliveries.At the same time the group was conducting this research, it stumbled onto another problem. Accustomed to living in a big city where foo...Read More

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

China's domestic battery-grade lithium carbonate prices rose by 5.6% to a 14-month high on Thursday January 14, 2021 on tightening spot supply while battery-grade lithium hydroxide also surged by 10.3% week on week on low availability of cheap materials, Fastmarkets heard.China's battery-grade lithium carbonate price hit a 14-month high on reduced spot supply, with most producers insisting on high...Read More

Fastmarkets is proposing to amend the pricing holiday schedule for its cobalt hydroxide payable indicator.Fastmarkets plans to align the pricing holiday schedule for its cobalt hydroxide payable indicator with public holidays in China instead of those in England and Wales due to the fact that the assessment tracks activity on a cif China basis.The detailed specifications for this assessment are li...Read More

There was no clear trend for South American flat steel import prices in the week to Friday January 15, with clients in no rush to secure new deals yet amid static or slightly higher new offers from all origins.Market participants reported signs of short selling from some traders and lower offers from privately owned mills in China, while the larger producers were trying to maintain or increase pri...Read More

Hot-rolled coil prices in the United States slipped from an all-time high to just under $57 per hundredweight ($1,140 per short ton) on Friday January 15, but remain poised to rebound amid tight supply, Fastmarkets understands.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.92 per cwt ($1,138.40 per ton) on January 15, down by 1.86% from a record high of $58...Read More

Prices for cold-rolled and galvanized steel sheet in the United States leaped after buyer competition for the mills' limited first-quarter spot tonnage became fierce.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US climbed to $63 per hundredweight ($1,260 per hundredweight) on Thursday January 14, up by 7.69% from $58.50 per cwt ($1,170 per ton) on January 7. The assess...Read More

The Indian domestic secondary billet market price fell by 1,300 rupees ($18) per tonne over the week to January 15 following a bigger fall in prices of finished products such as rebar and a consequent drop in inquiries and cautious buying from billet users, sources said.Fastmarkets assessed the price of steel billet domestic, ex-works India at 38,800-39,000 rupees per tonne on 15 January, down by...Read More

The uptrend in Poland's domestic rebar market continued in the week to Friday January 15, with prices moving sharply higher supported by limited supply and increased scrap costs, sources told Fastmarkets.Fastmarkets' weekly price assessment of steel reinforcing bar (rebar), domestic, exw Poland rose to 2,900-3,000 zloty ($775-802) per tonne on Friday, up by 240-300 zloty from 2,660-2,700 zloty per...Read More