An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Key data from the Friday December 4 pricing session in London. Key drivers: Metal prices unchanged in a steadily, but thinly, traded market. Sellers hold firm with offers across the range, dependent on tonnage and shape, and buyers struggle to find weak sellers for nearby units. ...Read More
China domestic battery-grade lithium carbonate prices increased again, up by 3.6% week on week due to tight supply from suppliers, with the respective European and United States' lithium hydroxide spot prices moving up also, Fastmarkets heard on Thursday December 3.China's battery-grade lithium carbonate prices continued their uptrend on tight supply and bullish market sentiment.China's industrial...Read More
The uptrend in flat-rolled steel import prices in South America persisted during the week ended Friday December 4, with offers from China, Japan and Brazil all at higher levels than previously for February-shipment cargoes.But at the same time, market participants were still seeing much lower bids, citing the rising costs of steel products as a major problem this year."[This uptrend is] creating b...Read More
The price of domestic hot-rolled coil in Northern Europe increased further day-on-day on Friday December 4, supported by a general shortage of flat steel, sources told Fastmarkets.European mills also increased official offers.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?575.00 ($697.58) per tonne on Friday December 4, up by ?,?5.00 per ton...Read More
Frenemies. The word is defined as "an oxymoron and a portmanteau of 'friend' and 'enemy' that refers to 'a person with whom one is friendly, despite a fundamental dislike or rivalry' or 'a person who combines the characteristics of a friend and an enemy.'"I can't think of a better way to describe the members of OPEC.But like I predicted last Friday, this team of geopolitical rivals got it togethe...Read More
ArcelorMittal is to increase its official spot offer price for second-quarter rolling hot-rolled coil across Europe to ?,?650 ($788.56) per tonne ex-works effective immediately, sources told Fastmarkets on Friday December 4.They added that the traditional gap between offers in Northern and Southern Europe has now disappeared altogether.Offers of hot-dipped galvanized coil also moved up to ?,?...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
Domestic steel rebar prices in Poland surged in the week to Friday December 4, supported by strong demand and long lead times, sources told Fastmarkets.Polish rebar producers were seeking higher prices this week amid good buying activity and a shortage of material.Local mills have already accounted for December production, according to sources."Prices are soaring in Poland - it's a...Read More
German steelmaker Thyssenkrupp is conducting a joint feasibility study with energy company STEAG to develop a hydrogen hub to be used in green steel production at its Duisburg site, the company said on Thursday December 3.The study will focus on construction of a water electrolysis plant at the STEAG site in Duisburg-Walsum by Thyssenkrupp Uhde Chlorine Engineers, the structuring of energy supply...Read More
The price for pig iron exports from Brazil increased again during the week to Friday December 4 mainly because of a global uptrend, although trade from the country was muted over the week.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $420 per tonne on Friday, up from $405 per tonne a week before.No new sales were heard from the south of Brazil during the w...Read More
The main global scrap markets continued to move higher in the week to Friday December 4, with most markets continuing regular purchases of material. Turkish steel mills continue to pay higher pricesUnited States market remains subdued post-holidayVietnam reports higher pricesTaiwan market reports optimistic sentiment and tight supplyIndian market expresses uncertainty over higher pricesTurkeyTurki...Read More
The prices of alloy steel scrap in the UK domestic market were largely unchanged this week despite lower nickel costs, because tight supply continued to provide pricing support, sources told Fastmarkets on Friday November 4.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, on Friday was ?950-980 ($1,276-1,316) per tonne, narrowing downwa...Read More
Steel slab export prices from Brazil soared in the week ended Friday December 4, rising above $600 per tonne fob when producers with low availability raised their prices and focused on high-paying markets.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $590-600 per tonne fob on December 4, up by $60-75 per tonne from $515-540 per tonne on November 27.The asse...Read More
The publication of Fastmarkets' CIS billet export index for Friday December 4 has been delayed because of a reporter error in setting the publishing time. Rather than the scheduled time of 16.00 UK, the index will be published at 18.00 UK time.The Fastmarkets price book and database for the steel billet index, export, fob Black Sea, CIS, will both be updated at that time.For more information, or t...Read More
German steelmaker Thyssenkrupp is conducting a joint feasibility study with energy company STEAG to develop a hydrogen hub to be used in green steel production at its Duisburg site, the company said on Thursday December 3.The study will focus on construction of a water electrolysis plant at the STEAG site in Duisburg-Walsum by Thyssenkrupp Uhde Chlorine Engineers, the structuring of energy supply...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
Liberty Gold Corp. announced infill drill results from two zones at its Black Pine Project that included 1.41 g/t Au over 22.9 meters and 1.51 g/t Au over 56.4 meters. Three Liberty Gold Black Pine DiscoveriesIn a news release, Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced additional results from reverse circulation (RC) drilling at its Carlin-style Black Pine oxide gold property located in...Read More
Trafigura is setting its sights on hydrogen as the new fuel source of the future and has earmarked $62 million for transport-centered hydrogen technology investments.It will pump $20 million into hydrogen firm H2 Energy to develop the production, storage and distribution of green hydrogen for refueling stations and industrial customers.The remaining $42 million will be used to fund the development...Read More
My researcher team and I have highlighted a number of recent articles about Gold and Silver and how we believed the longer-term price activity and technical analysis supported a broad market advance in Precious Metals over the next 5+ years. If not, check out Part I and Part II of our recent Gold and Silver research and price predictions. Today, we are seeing further evidence that metals are...Read More