Decarbonizing the shipping industry is likely to be tougher than efforts to remove its sulfur emissions, according to an executive at Oldendorff Carriers GmbH & Co.The shipping company's director of business development and strategy told a webinar that efforts by the International Maritime Organization (IMO) requiring the marine sector to cut sulfur emissions by more than 80% had been much more su...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
Iron ore prices were largely flat on Tuesday October 5 with ongoing low liquidity in both the physical and futures market during the Chinese holiday, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $116.58 per tonne, down $0.54 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.34 per tonne, down $0.41 per tonne58% Fe fines high-grade premium, cfr Qingdao: $90.20 per tonne, d...Read More
If any member was going to leave the London Metal Exchange ring trading floor, the exchange was probably hoping it wouldn't be Triland Metals Ltd.The company, a wholly owned subsidiary of Japanese conglomerate Mitsubishi, is one of the exchange's longest serving Category 1 members, having joined in 1972 after being founded in the prior year. Having a unit of Japan's largest trading company as a ri...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
The challenges with container shipping, including port congestion and supply chain disruptions, are likely to continue for some time, according to an executive at shipping company Oldendorff Carriers GmbH & Co.Scott Bergeron said that while Oldendorff is a dry bulk cargo shipping firm, it was receiving a surprising number of enquiries from traditional container shipping cargo owners asking for hel...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
The mining industry needs collaboration, not competition, if it wants to advance net-zero carbon emissions targets for the sector, a panel of executives said. This means acting immediately now that a growing number of targets have been set, including a commitment on Tuesday October 5 by one-third of the world's mining and metals industry to a goal of net-zero Scope 1 and 2 greenhouse gas (GHG) emi...Read More
The collapse of the iron ore market and market turbulence over Chinese property developer Evergrande Group are adding to the economic woes caused by the Delta variant of Covid-19 for much of this year.It is hard to find bright sparks in the months ahead for the ferrous supply chain, which has been buffeted repeatedly in a short span of few months, starting with Chinese Premier Li Keqiang's comment...Read More
Zinc and tin had the strongest growth on the afternoon of September 5 while nickel closed above $18,000 per tonne for the first time since last Thursday; copper was the only metal to end lower on the day. Tin's London Metal Exchange three-month price had the biggest rise on Tuesday, with a closing price of $35,079 per tonne, up by 1.8% from $34,450 per tonne on Monday. Just over one week ago, on S...Read More
Decarbonizing the shipping industry is likely to be tougher than efforts to remove its sulfur emissions, according to an executive at Oldendorff Carriers GmbH & Co.The shipping company's director of business development and strategy told a webinar that efforts by the International Maritime Organization (IMO) requiring the marine sector to cut sulfur emissions by more than 80% had been much more su...Read More
Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday October 5, while markets consolidated recent gains. But volumes have been light with Chinese participants absent due to the weeklong National Day holiday (October 1-7).Asia-Pacific equities weaker this morning as they followed Monday's weakness in the United States.Brent crude oil price back above $81 per...Read More
Flat-rolled steel import prices to the United Arab Emirates and Saudi Arabia decreased further during the week ended Tuesday October 5 and buyers preferred to refrain from booking until prices stop falling.End-user demand was still weak in both countries and stock levels were enough for the time being, sources said.Saudi ArabiaIndia offered hot-rolled coil at $930-940 per tonne cfr, down from...Read More
BHP will supply nickel sulfate to a battery making joint venture between Toyota Motor Corp and Panasonic Corp in a move designed to lower carbon emissions in the Japanese battery supply chain. The company said its Nickel West plant in Western Australia will supply the nickel sulfate to Prime Planet Energy & Solutions (PPES), one of Japan's leading lithium-ion battery producers. The batteries will...Read More
The latest data for the global manganese ore market for the week toOctober 3 2021.Read More
Eight of the nine Category 1 members of the London Metal Exchange have indicated their support for continuing to trade official lunchtime prices in the open-outcry ring.Does this mean that one company does not support ring trading? And could one of the exchange's members be preparing to leave the trading floor?The exchange revealed on Monday August 9 that it had majority support for the ring, in a...Read More
Activity remained slow in the European hot-rolled coil market on Tuesday October 5, with buyers and producers holding back from making deals, sources told Fastmarkets. Buyers have sufficient stocks to cover their needs for a couple of months, according to estimations from market sources. Sentiment among buyers has been largely bearish due to reduced demand from the automotive sector, declining imp...Read More
Brazilian iron ore export volumes decreased by 10.12% year on year in September, according to figures from the country's economy ministry.Exports totaled 33.68 million tonnes last month, compared with 37.47 million tonnes a year earlier, according to the figures released late last week.Exports from the southeastern Minas Gerais state reached 11.23 million tonnes, down from 14.11 million tonnes in....Read More