Orocobre has signed a Memorandum of Understanding (MoU) with Prime Planet Energy Solutions (PPES) for the long-term supply of battery-grade lithium carbonate and hydroxide, the Australia-based lithium miner said on Friday August 28.The MoU entails the supply of as much as 30,000 tonnes of lithium carbonate equivalent (LCE), starting from 2021, for use in PPES' battery production supply chain. PPES...Read More
Chinese battery materials producer GEM has signed an eight-year nickel and cobalt supply contract with Indonesia's Halamahera Persada Lygend (HPAL), starting from 2021.This procurement scheme, seen by Fastmarkets, specifies eight-year totals for battery-grade nickel and cobalt raw materials, with nickel content totalling no less than 74,400 tonnes and no more than 178,560 tonne...Read More
After a consultation period, Fastmarkets has amended the frequency of its cobalt hydroxide index, min 30% Co, cif China to weekly. The cobalt hydroxide index, min 30% Co, cif China was published on the last working day of the month until the end of July, and has been published fortnightly since August 7. Fastmarkets has seen a sustained increase in spot activity for fixed-price, prompt cobalt hydr...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 3 that are worth another look.A month ago, Eric, a steel importer based in eastern China, was pricing hot-rolled coil imports 20-30 yuan ($3-4) per tonne below the market average to secure orders. Now, he...Read More
Domestic prices for hot-rolled coil continued to rise day on day in Northern Europe on Thursday September 3, gradually approaching the levels seen before Covid-19 lockdown measures were imposed, market sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?459.50 ($545.21) per tonne on Thursday, up by ?,?3.15 per tonne day...Read More
Most Turkish flat steel prices increased in August 2020 and market sources expect further price increases to come amid global price rises, Fastmarkets heard on Thursday September 3.Turkish flat steel producers are fully booked until late-October, with trading sources reporting that the market was moderate for most of August because of the seasonal summer slowdown in Turkey and its neighboring coun...Read More
Imported billet prices increased slightly in Egypt because of the higher offer prices heard from the Commonwealth of Independent States (CIS) although no deals were done, sources told Fastmarkets on Thursday September 3.Export billet prices from the CIS region have been increasing, supported by rising prices in the scrap segment and the revival of customer interest, particularly in North Africa.Fa...Read More
Domestic long steel prices in Turkey have increased over the past week in line with rising imported scrap values, sources said on Thursday September 3.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 3,950-3,960 lira ($535-536) per tonne on Thursday, up from the 3,860-3,870 lira per tonne of last week.The long steel...Read More
Prices in Turkey for steel rebar and wire rod have increased over the past week thanks to rising imported scrap costs and improving demand, sources said on Thursday September 3.A steel mill in the Marmara region was heard selling 52,000 tonnes of rebar to Hong Kong at $443 per tonne fob on an actual weight basis, while it also sold some 58,000 tonnes of rebar to West and North Africa at $450 per t...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 3 that are worth another look.A month ago, Eric, a steel importer based in eastern China, was pricing hot-rolled coil imports 20-30 yuan ($3-4) per tonne below the market average to secure orders. Now, he...Read More
Turkish steel mills have continued their deep-sea scrap purchases for September-October shipments at higher prices, sources told Fastmarkets on Thursday September 3.A steel mill in Northern Turkey booked a Baltic Sea cargo comprising 10,000 tonnes of HMS 1&2 (80:20) at $300 per tonne, 13,000 tonnes of shredded at $305 per tonne and 4,000 tonnes of bonus at $310 per tonne cfr late on Wednesday.Anot...Read More
Seaborne iron ore prices were up on Thursday September 3 amid market anticipation of a healthy demand outlook for steel, trade sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $129.92 per tonne, up $2.61 per tonne.62% Fe low-alumina fines, cfr Qingdao: $130.17 per tonne, up $2.27 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $115.23 per tonne, up $4.01 per...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view. A look at stainless steel price movements through August reveals the ongoing battle being faced by stainless steelmakers in Europe and the United States while they try to pass on rising costs to consumers. In these regions, prices on most grades of stainless steel are little changed from July, rising by around 2% at most -...Read More
Most Turkish flat steel prices increased in August 2020 and market sources expect further price increases to come amid global price rises, Fastmarkets heard on Thursday September 3.Turkish flat steel producers are fully booked until late-October, with trading sources reporting that the market was moderate for most of August because of the seasonal summer slowdown in Turkey and its neighboring coun...Read More
Turkey exported 511,188 tonnes of flat steel products in July 2020, according to the Turkish Statistical Institute (TUIK), up by 10.36% year-on-year from 463,220 tonnes exported in July 2019.The main reason for the increase was the rise in tonnages of cold-rolled coil and coated coil exports in July.Turkey made several export deals for hot-dipped galvanized coil in May and June, which were deliver...Read More
Turkey imported 659,179 tonnes of flat steel in July 2020, up by 8.24% from 608,982 tonnes in July 2019, Turkish Statistical Institute (TUIK) said this week.The reason for the increase in imports was strong buying in May, when orders to be delivered in June were placed, Fastmarkets understands.Demand for flat steel is currently moderate in Turkey but prices have been increasing in line with rising...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 3 that are worth another look.A month ago, Eric, a steel importer based in eastern China, was pricing hot-rolled coil imports 20-30 yuan ($3-4) per tonne below the market average to secure orders. Now, he...Read More
Three-month prices for base metals on the London Metal Exchange were mostly lower at the close of trading on Thursday September 3, with positive unemployment data and services data from the United States doing little to stop an equities-led decline across the complex.A 4% downturn in LME nickel futures led that decline, and nickel's outright price on the LME was the laggard over Thursday afternoon...Read More
Domestic prices for hot-rolled coil continued to rise day on day in Northern Europe on Thursday September 3, gradually approaching the levels seen before Covid-19 lockdown measures were imposed, market sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?459.50 ($545.21) per tonne on Thursday, up by ?,?3.15 per tonne day...Read More
Most Turkish flat steel prices increased in August 2020 and market sources expect further price increases to come amid global price rises, Fastmarkets heard on Thursday September 3.Turkish flat steel producers are fully booked until late-October, with trading sources reporting that the market was moderate for most of August because of the seasonal summer slowdown in Turkey and its neighboring coun...Read More