Base Metal Stock Articles

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 16/10: Molybdenum retreats on slow Asia buying

October 17, 2020 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Read More

Trade Log: Cobalt alloy grade, in-whs Rotterdam, $/lb

October 17, 2020 / Staff reporter

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 it applies.Fastmarkets assessed cobalt...Read More

Trade Log: Cobalt standard grade, in-whs Rotterdam, $/lb

October 17, 2020 / Staff reporter

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 applies.Fastmarkets assessed cobalt standard...Read More

Trade Log: Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne

October 17, 2020 / Staff reporter

The cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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 applies.Fastmarkets...Read More

MORNING VIEW: Base metals, with the exception of lead, hold up well considering nervousness in broader markets

October 17, 2020 / Staff reporter

Base metals prices on the LME and the SHFE were mixed this morning, Friday October 16, but overall were holding up well despite growing concern over the spread of Covid-19 across Europe and the United States. Despite the spread of the pandemic the markets seem to be assured that more stimulus will be forthcoming. EU passenger car registrations climbed 3.1% in September, compared with last year, bu...Read More

Indonesia relaxes scrap import rules; traders rush into market

October 17, 2020 / Staff reporter

Indonesian authorities have extended the deadline for scrap sellers to comply with new, strict import regulations until the end of the year, leading to a burst of activity in the market, market participants told Fastmarkets on Friday October 16.Rules concerning the registration of scrap exporters to Indonesia came into force on September 30, causing many deals to be canceled because some exporters...Read More

TAIWAN STEEL SCRAP: Initial bullish sentiment tempered by lower offers

October 17, 2020 / Staff reporter

The bullish sentiment felt at the start of the week ended Friday October 16 was later tempered by lower offers for containerized ferrous scrap in the key Taiwanese import market, sources said.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $270 per tonne on Friday, unchanged from the previous day and up by...Read More

IN CASE YOU MISSED IT: 5 key stories from October 15

October 16, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More

DADA in JV with Enervoxa for bauxite residue at New Day's Gramercy refinery

October 16, 2020 / Staff reporter

DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa have formed a joint venture (JV) to extract rare earth elements and minerals from bauxite residue at New Day's Gramercy alumina refinery in Louisiana, the United States. The venture, called ElementUS, will use Enervoxa technology to separate bauxite residue into its component materials, in...Read More

Norsk Hydro's Albras smelter in Brazil concludes output ramp up

October 16, 2020 / Staff reporter

The Albras aluminium smelter joint venture in Brazil has ramped up production after the seven-month stoppage of one of its lines due to an electrical transformer catching fire, the company said on Wednesday October 14."Ramp-up conclusion on production line 1 will allow us to resume full capacity at Albras for all four lines," Albras president, Jo??o Batista Menezes, said in a written statement.The...Read More

IN CASE YOU MISSED IT: 5 key stories from October 15

October 16, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More

DADA in JV with Enervoxa for bauxite residue at New Day's Gramercy refinery

October 16, 2020 / Staff reporter

DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa have formed a joint venture (JV) to extract rare earth elements and minerals from bauxite residue at New Day's Gramercy alumina refinery in Louisiana, the United States. The venture, called ElementUS, will use Enervoxa technology to separate bauxite residue into its component materials, in...Read More

Seven key dynamics for 2021's minors, ferro-alloys contract negotiations

October 16, 2020 / Staff reporter

A socially-distanced mating season means that contract negotiations in the minor metals, ores and alloys sector will look very different this year. Here, Fastmarkets' team considers the backdrop to the 2021 contract discussions.Seeking flexibility...Concern over the second wave of Covid-19 infections sweeping across Europe was an example of the uncertainty that negotiating parties will try conside...Read More

Chinese alumina buyers sweep up seaborne cargoes amid stronger yuan

October 16, 2020 / Staff reporter

Chinese alumina market buying interest in seaborne cargoes grew significantly this week following a steady appreciation of the yuan since Monday, with many hoping to lock in relatively cheaper material compared with the domestic market. A higher volume of inquiries and deals over the course of the week took the benchmark alumina index on an uptrend since Tuesday. Fastmarkets' alumina index, f...Read More

IN CASE YOU MISSED IT: 5 key stories from October 15

October 16, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More

DADA in JV with Enervoxa for bauxite residue at New Day's Gramercy refinery

October 16, 2020 / Staff reporter

DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa have formed a joint venture (JV) to extract rare earth elements and minerals from bauxite residue at New Day's Gramercy alumina refinery in Louisiana, the United States. The venture, called ElementUS, will use Enervoxa technology to separate bauxite residue into its component materials, in...Read More

IN CASE YOU MISSED IT: 5 key stories from October 15

October 16, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday October 15 that are worth another look.Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International...Read More

JAPAN STEEL SCRAP: South Korea gets cut-price H2 deals, high-grade prices stay strong

October 16, 2020 / Staff reporter

Spot prices for Japanese heavy scrap dipped over the past week on reduced purchasing from South Korea, but market participants expect prices to strengthen again toward the end of the year.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan was ?26,500 ($251) per tonne on Wednesday October 14, down ?500-1,500 per tonne from ?27,000-28,000 per tonne a week earl...Read More

MORNING VIEW: Base metals, broader prices mixed on cooling market sentiment

October 16, 2020 / Staff reporter

Base metals prices on the LME and the SHFE were mixed this morning, Thursday October 15, with concerns over the spread of Covid-19 and the reduced likelihood of a US stimulus package any time soon dampening optimism. Governments in Europe are trying to avoid widespread lockdowns, but Covid-19 is spreading alarmingly. United States 10-year treasury yields slip as traders turn more risk-off. Base me...Read More

INTERVIEW: Lithium supply will get tighter in 2022, Lithium Americas chief says

October 16, 2020 / Staff reporter

Lithium supply will become tighter in 2022, supporting a significant change in the direction of prices against the backdrop of a surge in demand from the electric vehicles (EV) sector, Jonathan Evans, chief executive officer and president of miner Lithium Americas, has told Fastmarkets."We expect a turn in [lithium] prices by mid-2021, and into 2022 and beyond things will take off when supply gets...Read More

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