Three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday September 7, with trading volumes across the day thin because of the Labor Day national holiday in the United States, while LME nickel futures topped losses over the afternoon.Nickel's outright price on the LME closed at $15,186 per tonne on Monday afternoon, dipping from an intraday h...Read More
Three-month base metals prices on the London Metal Exchange were mixed during morning trading on Monday September 7, with low turnover across the Asian trading session prompting sideways trading, while an ongoing drawdown in LME copper stocks kept the red metal's underlying price elevated. Copper's three-month price on the LME was recently trading at $6,743.50 per tonne on Monday morning, climbing...Read More
Producers of seaborne manganese ore, both 38% and 44% grades, successfully raised their offer prices on a cif Tianjin basis over the week ended Friday September 4, with support from the rise in value of the Chinese yuan, and from rising port and alloy prices, and despite underlying concerns about ore oversupply.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, was $4.22 per dry metric tonne u...Read More
The latest data for the global manganese ore market for the week ended September 7, 2020.Read More
The South Africa-focused company, saw its PGM basket price rise by 58% year-on-year to US$2,015/oz in FY2020, driven mainly by higher rhodium and palladium prices.Read More
Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More
Prices for rebar imports into Singapore were unchanged in the week to Monday September 7 amid limited spot negotiations, market sources told Fastmarkets.Major end users in Singapore did not purchase any materials amid weak demand from downstream construction contractors and high inventory levels. This is unlike the Hong Kong import market, which sources said had bought 52,000 tonnes of Turkish reb...Read More
London Metal Exchange base metals prices were mixed this morning, Monday September 7, as were pre-market major western equity index futures, while metals on the Shanghai Futures Exchange were mainly firmer and Asian-Pacific equities were mixed too. A better-than-expected US employment report on Friday led to a strong close for the base metals at the end of last week, but a weaker tone in equity ma...Read More
US-based electric vehicle maker Tesla has joined cobalt producers Huayou and Glencore as a member of a recently founded organization whose aim is to improve the artisanal mining sector in the Democratic Republic of the Congo (DRC).The Fair Cobalt Alliance (FCA) will help to boost the appeal of cobalt produced in the DRC by developing the working standards in artisanal mining, a part of the industr...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process...Read More
Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More
European steelmakers have pushed official offers for domestic hot-rolled coil upward on a positive trend that has settled in the market, sources told Fastmarkets on Monday September 7.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?467.39 ($553.28) per tonne on Monday, up by ?,?3 per tonne from ?,?464.39 per tonne on September 4.The index was als...Read More
The domestic price of steel rebar in Russia's Central Federal District around Moscow was fairly stable in the week to Monday September 7, supported by good buying, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, remained at 37,000-37,500 roubles ($491-497) per tonne on September 7, including 20% VAT.Key domestic suppliers...Read More
China's domestic rebar prices moved up on Monday September 7 on a gradual strengthening of end-user demand. DomesticEastern China (Shanghai): 3,690-3,720 yuan ($539-544) per tonne, up by 20 yuan per tonneTemperatures have fallen to milder ranges in most parts of China, which lengthen working hours for the construction sector. A trader in eastern China said his customers raised their procurement ra...Read More
Prices for rebar imports into Singapore were unchanged in the week to Monday September 7 amid limited spot negotiations, market sources told Fastmarkets.Major end users in Singapore did not purchase any materials amid weak demand from downstream construction contractors and high inventory levels. This is unlike the Hong Kong import market, which sources said had bought 52,000 tonnes of Turkish reb...Read More
Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More
Hope you have all had good August holidays despite the fast materialising Covid-19 second peaks across the world with the United States leading the way by galloping ahead of the rest. Though much of Europe has also taken it's eye off the ball and is fast seeing it's 2nd peaks materialising with the UK managing to fair better largely due to intelligence of it's citizens rather than any actions from...Read More
Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More
Those in favor of Judy Shelton’s approval by Congress, pursuant to her nomination to the Federal Reserve Board Of Governors, should not be surprised by the torrent of criticism directed at her.A letter published and signed by former Federal Reserve officials and staffers called on the Senate to reject her nomination, stating that “Ms. Shelton’s views are so extreme and ill-consid...Read More