An overview of the noble alloys markets and their latest price moves.Read More

Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 31. Europe The high-carbon ferro-chrome market ticked up with demand continuing to recover and contract customers increasing their tonnages, according to some producers. But there were also reports of...Read More

New drilling at the Cozamin copper-silver mine will allow the Canadian producer to double its annual copper and silver production by 2021."After 13 years since we started mining, we continue to surface incredible value for all stakeholders with the drill bit," Darren Pylot, Capstone Mining's president and chief executive officer said in a statement.The Cozamin mine currently produces 35 million lb...Read More

Chilean state-owned copper producer Codelco has appointed Jos?(C) Sanhueza Reyes, currently general manager of the Ventanas division, to the newly created role of smelter and refinery vice president, the company said on Friday January 31.The promotion will become effective on March 1, when Reyes will become responsible for all...Read More

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

The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.In fact, prices are more likely to move down than up because of recent losses in the nickel market, sources said. The February surcharges are based on alloy component prices during the period December...Read More

A summary of Nornickel's full-year production results 2019. Production for all key metals increased year on year in 2019 due to ongoing ramp ups at the company's majority-owned Bystrinsky project in Chita, Siberia. Nickel output increased by 5% over the period to 229,000 tonnes due to output increases at Nornickel's refining operations on the Kola Peninsula...Read More

The supply-demand dynamics in the global copper market were likely to turn into a deficit in 2020, helping to boost the average price to $2.85 per lb during the year, Chilean state copper commission Cochilco said on Thursday January 30.The shortage of copper output to meet expected demand was expected because the world's consumption of the red metal will go up this year while the volume of copper...Read More

Fastmarkets proposes to discontinue the publication of the following premiums, on a $/lb basis: MB-AL-0232 - Aluminium P1020A premium, ddp Midwest US, $/lb (twice weekly) and the associated aluminium P1020A premium, ddp Midwest US, $/lb monthly average MB-PB-0057 - Lead 99.97% ingot premium, ddp Midwest US, $/lb (weekly) and the associated lead 99.97% ingot premium, ddp Mi...Read More

Domestic prices for hot-rolled coil in Northern Europe have increased day on day due to mills' good order books and a lack of competitive imports, sources told Fastmarkets on Friday January 31.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe was ?,?474.02 ($522.46) per tonne on Friday January 31, up by ?,?6.45 per tonne day on day from ?,?467.57 per tonne on Janua...Read More

Indian steel producers were likely to increase their prices for hot-rolled coil by at least 1,000 rupees ($14) per tonne for February sales to take account of rises in the costs of raw materials such as iron ore, Fastmarkets has heard.HRC prices for the current week, however, remained unchanged on Friday January 31 because February prices were likely to be announced early next week.The price of st...Read More

Just as China and the United States started to reach a deal and trade tensions eased, providing some longed-for certainty, the novel coronavirus (2019-nCov) has again increased fear and uncertainty in the steel and feedstock markets.Although there may be no impact of the coronavirus on China's GDP in the long run, we have already passed the point of "no effect" on the market, as raw material price...Read More

Polish domestic rebar prices moved up over the week due to improved demand, market sources told Fastmarkets on Friday, January 31.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, ex-works Poland, rose to 2,150-2,200 zloty ($553-563) per tonne on Friday January 31 from 2,050-2,200 zloty...Read More

Turkish export prices for hot-dipped galvanized coil (HDG) decreased in the week to Friday January 31, amid moderate demand, while domestic prices were stable, sources said.Demand was moderate on expectations that prices would fall due to the decline in scrap prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $264.42 per tonne on January 3...Read More

Some Turkish flat steel prices fell in the week to Friday January 31, in response to weakening scrap prices.Buyers expected prices to fall after Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, continued to slide, falling to $264.42 per tonne on January 30, down from $274.25 per tonne on January 24.HRC exportsFastmarkets' weekly pric...Read More

European steel association Eurofer forecasts a modest recovery in apparent steel consumption in 2020, with risks relating to import volumes, Eurofer said on January 30."2019 was another challenging year for the steel sector, with declines in steel consumption and import levels, which - while down compared to 2018 - were still very high compared to historical levels," director general of Eurofer, A...Read More

Aim-listed Sylvania Platinum reached a new record interim production of 40 003 oz of platinum, palladium, rhodium and gold (4E) platinum group metals (PGMs) for the six months ended December 31, despite power disruptions and downtime during the last quarter of the interim period. The company’s production for the quarter ended December 31 was 19 206 4E PGM ounces.AdvertisementT...Read More

MOSCOW - The world's biggest diamond producing company, Russia's Alrosa, will restart production at Mir, a mine in the Yakutia region of the far east, shut since a deadly 2017 flood, the region's governor Aysen Nikolaev said in an interview.Yakutia, the world's biggest province by area, comprising half of Russia's vast far east, derives much of its revenue from a 33% stake in A...Read More

The price of ferrous scrap imported into India dropped again in the week ended Friday January 31, while trading activity paused following a mid-week drop in international scrap prices, sources have told Fastmarkets.Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $291.99 per tonne on Friday, down from $296.51 per tonne on January 24, marking the thi...Read More

Turkish deep-sea scrap import markets were quiet at the end of the week, with mills seeking lower prices, sources told Fastmarkets on Friday January 31.The daily scrap indices went down by almost $10 per tonne on Wednesday, when a US cargo was heard sold at $275 per tonne cfr for HMS 1&2 (90:10).This has been the only cargo sold so far this week, as mills push for even lower prices as they struggl...Read More