Automotive original equipment manufacturers (OEMs) do not agree that there should be an additional premium for "green" aluminium, Mark White, industry consultant and innovation director at DSW Automotive, told Fastmarkets. White spoke about the automotive industry's stance on a green aluminium premium during a Fastmarkets webinar titled "Empowering Consumers: The Future of Responsible Materials &...Read More
The prospective owners of KAZ Minerals have increased their offer to buy the copper miner to $3.7 billion in their effort to take the London Stock Exchange-listed entity private, Fastmarkets understands.The rise in the consortium's offer comes at a time when the London Metal Exchange copper price has increased by nearly $1,000 per tonne since the first bid for the company was made, together with t...Read More
Start, Rio Tinto's new digital sustainability label, uses blockchain technology to encrypt key information about the company's aluminium, functioning like a "digital filing cabinet," vice president of sales marketing at Rio Tinto Aluminium Tolga Egrilmezer told Fastmarkets. Egilmezer lauded the advantages of using blockchain for its Start label during Fastmarkets' webinar "Empowering Consumer...Read More
Glencore and Century Aluminum Co have agreed a deal for the sale of 150,000 tonnes of Natur-Al brand aluminium to Austria-based Hammerer Aluminium Industries (HAI). Glencore will supply the aluminium to HAI over five years, Glencore said in a press release on Thursday February 4. Natur-Al products are made using energy from 100% renewable sources at Century's Nor??ur??l Grundartangi aluminum plant...Read More
Prices for imported hot-rolled coil in the United States fell from the highest in more than 12 years, with buyers looking for deals amid speculation that prices will drop by the time cargoes arrive at American ports."A lot of consumers are shopping for their best deals, but the problem is inventory availability in some cases," a West Coast distributor said. Fastmarkets' assessment for s...Read More
Steel reinforcing bar prices in the United States are steady this week, with market participants closely watching the monthly domestic ferrous scrap trade for signs of how it will impact the spot rebar market.Fastmarkets' weekly assessment for steel reinforcing bar (rebar), fob mill US was at $39.75 per hundredweight ($795 per short ton) on Wednesday February 3, unchanged from January 27...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royalties"Overdependence on diamonds has made it imperative for us to urgently expand our revenue base to other minerals such as coal and base metals", Mokgweetsi Masisi, president of Botswana told the VirtualRead More
Brazilian vehicle production climbed by 4.2% year on year in January, with the industry slowly recovering from Covid-related restrictions imposed in the second quarter of 2020, trade association Anfavea said on Thursday February 4.Output totaled 199,707 units in the first month of 2021, rising from 191,731 units in the same month last year. But the total was down by 4.6% from 209,296 units in...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe company recently added the Esperanza project in San Juan, Argentina, to its Big Red discovery in British Columbia, Canada, and its Mocoa project in Colombia.Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesOceanaGold marks three decades of gold standard mining SPONSOREDoceanagoldNovachuk and Kim's investment consortium Nova Resources posted the new offer on Thursday morning, having launched an in...Read More
Domestic prices for cold-rolled coil in Europe inched down over the week to Wednesday February 3, but buyers declined the lower offers, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe, was ?,?800-810 ($962-974) per tonne on February 3, compared with ?,?800-820 per tonne a week earlier.The assessment was based on achievable prices hear...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedFilo has four drill rigs on site with a fifth coming soon. One goal is to tighten the drill spacing around some of the 1km-long intercepts grading up to 0...Read More
Domestic prices for hot-rolled coil across Europe were stable day on day on Thursday February 4, despite attempts by mills to achieve price rises, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?710.00 ($854.16) per tonne on Thursday, unchanged day on day.The index was down by ?,?1.00 per tonne week on week but up by...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedHaving waited three years to permit the drilling pads at Alta Norte, drilling barely commenced in October 2020 before some members of a community outside...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher.Asian-Pacific equities and major western pre-market equity index futures were weaker this morning. Overall the base metals are looking heavy.Base metalsThree-month alumin...Read More
Brazil-based miner Vale has reached a settlement with local prosecutors to pay 37.7 billion Reais ($7.03 billion) in reparations for the deadly disaster that hit the city of Brumadinho in January 2019, it said on Thursday February 4.The agreement was signed with the Minas Gerais public defender and the Minas Gerais state prosecutor's office, and mediated by a court of Justice.The deal was signed a...Read More
Export prices for pig iron from the Commonwealth of Independent States decreased during the week to Thursday February 4 on a bearish mood among buyers, sources have told Fastmarkets.Market participants expected there to be further price decreases.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $495-500 per tonne on Thursday, down by $5-20...Read More
Turkish steel producers extended their absence in the deep-sea scrap markets due to weak rebar and billet demand, sources told Fastmarkets on Thursday February 4.Steel mills in the country have been staying away from the deep-sea purchases since January 27, when two cargoes of HMS 1&2 (80:20), shredded, and plate & structural (P&S) scrap were booked from the United States...Read More
The steel industry has largely welcomed India's 2021-2022 union budget that was announced on February 1 for its focus on infrastructure and government spending. The impact of the coronavirus pandemic and subsequent lockdown in the country resulted in India's gross domestic product (GDP) falling by a forecast 7.7% in the year to March 2021, before rebounding to grow by 11% the year after, according...Read More
A summary of Vale's iron ore and coal results for the fourth quarter of 2020 - ending on December 31, 2020 - as stated in its latest production and sales report released on Thursday February 4. In brief Sales of iron ore fines and pellets into China over the fourth quarter hit a record high of 64 million tonnes, compared with 58 million tonnes the previous year. Total production was in line with 2...Read More