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
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
The London Metal Exchange three-month lead price was higher by close of trading on Friday January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.Lead's underlying price on the LME closed at $1,879 per tonne this afternoon, recovering from an intraday low of $1,828 per tonne, while turnover was at...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
Seaborne iron ore prices were flat on Friday January 31 while the widespread coronavirus has cast a bearish outlook into the market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.94 per tonne, unchanged.62% Fe Pilbara Blend fines, cfr Qingdao: $83.98 per tonne, unchanged.62% Fe low-alumina fines, cfr Qingdao: $86.55 per tonne, unchanged.58% Fe fines high-premium, cfr Qingdao: $71.60 pe...Read More
SD Friday Wrap: Gold is relieving the symptoms right now, but very soon the people will realize that if they want the cure, then it's found in silver...Experience.Street-cred.Been there, done that, got the dang shaft.Or whatever it is that they say?Been around the block?Oh yeah, that too.Indeed I have.Let's see.Now.Here's an example - cars and trucks.I like driving them, and I like owning them.We'...Read More
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