"@CROP_cse"The project is advancing on schedule and on budget with great thanks to the construction teams who continued working right up until December 24th and are now back on site to ensure success of the farm in 2019."Farm Update https://t.co/GXdF4fstWm$CROP #momentumstocks"Read full newsRead More

Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday January 3, with copper futures sinking to their lowest level since June 2017, while tin's three-month price climbed to a four-month high. Topping complex volumes, with 23,800 lots changing hands, copper's three-month price closed below $5,800 per tonne for the first time since August 2018 and was th...Read More

Treatment and refining charges (TC/RCs) for spot copper concentrates dropped at the end of December, with smelters returning to the market in earnest to pick-up tonnes after securing annual contracts.The Fastmarkets copper concentrate TC/RC index dropped to a three-and-a-half month low of $84.30 per tonne / 8.43 cents per lb on December 31.Spot terms have been inching down since the start of the m...Read More

Anglo American's base metals division will get its own executive to run operations as part of a change to its top management team, the company said on Thursday January 3. Base metals operations, which currently function under the strategy and business division, will be separated on March 1 and run by Ruben Fernandes, the current chief executive officer of Anglo American Brasil. The miner has also...Read More

Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.Here's a quick review of the key developments, which also indicate our direction for 2019:We consulted in detail with the industry to meet its requirements for greater transpare...Read More

Treatment and refining charges (TC/RCs) for spot copper concentrates dropped at the end of December, with smelters returning to the market in earnest to pick-up tonnes after securing annual contracts.The Fastmarkets copper concentrate TC/RC index dropped to a three-and-a-half month low of $84.30 per tonne / 8.43 cents per lb on December 31.Spot terms have been inching down since the start of the m...Read More

The Zambian government has decided to go ahead with the application of a new import duty on copper concentrates this month despite strong opposition from the country's copper producers.The producers told Fastmarkets on Thursday January 3 that they will be compelled to slash output and to lay off mine workers as a result of the new duty."No announcement has been officially issued by the government....Read More

Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.Here's a quick review of the key developments, which also indicate our direction for 2019:We consulted in detail with the industry to meet its requirements for greater transpare...Read More

Price variations between the cobalt markets in China and internationally reached all-time highs in 2018 when China reacted to rising volumes of cobalt supply from which the overseas metal markets were somewhat protected.At times, wide differentials created appealing theoretical arbitrage opportunities for Chinese exporters, but it was the sentiment and outlook of overseas buyers that ultimate...Read More

Ningxia Tianyuan, the world's largest manganese flake producer, is still not operating at its full 800,000 tonne per year capacity, sources told Fastmarkets MB. The company was expected to resume full production in December, following seven months of lower output. The company is currently operating at a reduced capacity of 1,600 tonnes per day, sources at the company said. Their full daily...Read More

The Turkish scrap import market was silent on Thursday January 3, with the mills staying away from scrap purchases due to sluggish finished steel demand in Turkey. Most suppliers were still on leave due to the New Year holiday, sources said.The most recent cargo booked into the country took place last weekend from the Baltic Sea, at $283 per tonne cfr for HMS 1&2...Read More

Comex copper suffered a third straight decline this morning in the United States to begin the New Year, with continued recession worries and equity market instability sinking the commodities complex.The copper price for March settlement on the Comex division of the New York Mercantile Exchange sank 3.15 cents to $2.5915 per lb. In macro news, concerns over global economic health have persiste...Read More

Three-month base metals prices on the London Metal Exchange were mixed this morning, Thursday January 3, with zinc, aluminium and lead up by between 0.4% and 0.7%, copper up by 0.1% at $5,880 per tonne, and nickel and tin lower by 0.8% and 0.2% respectively.Volume across the complex has been high with 11,375 lots traded as at 06.58am London time.Wednesday's trading saw three-month LME base metals...Read More

Price variations between the cobalt markets in China and internationally reached all-time highs in 2018 when China reacted to rising volumes of cobalt supply from which the overseas metal markets were somewhat protected.At times, wide differentials created appealing theoretical arbitrage opportunities for Chinese exporters, but it was the sentiment and outlook of overseas buyers that ultimate...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis. Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cob...Read More

Demand for flat steel in Turkey is expected to remain slow throughout January, and prices are not expected to increase because global flat steel prices are falling, market participants told Fastmarkets on Thursday January 3.Local producers have filled their order books until late February, they added.The price falls in December resulted in part from weak demand in the local market as well as the h...Read More

Turkey's flat steel export volumes rose by 139.17% year on year in November, according to the latest data from the Turkish Statistical Institute (TUIK).The reason for the increase in export volumes was strong overseas demand, especially in Europe, as well as weak domestic demand in Turkey, market participants told Fastmarkets.Additionally, export prices for Turkish flat steel products were highly...Read More

Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.Here's a quick review of the key developments, which also indicate our direction for 2019:We consulted in detail with the industry to meet its requirements for greater transpare...Read More

Turkish domestic long steel markets have remained weak because of limited demand, especially in the construction sector, in addition to increased material imports from Iran, sources said on Thursday January 3.Fastmarkets' weekly price assessment for Turkey domestic rebar was TRY2,800-2,850 ($522-531) per tonne ex-works on January 3, narrowing from TRY2,750-2,900 per tonne last week.The local rebar...Read More

Steel billet import prices into Egypt fell this week, while local rebar prices remained unchanged, sources said on Thursday January 3.Fastmarkets MB's weekly price assessment for steel billet imported into Egypt was $435-440 per tonne cfr on Thursday, falling from $440-445...Read More