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 grade, in-whs Rotterdam, $/lb at 24.45-25.00 on...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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 alloy grade, in-whs Rotterdam,...Read More
China's domestic magnesium prices rose sharply in the week to Friday September 17 in response to notification of restricted operations at companies within the region that have both high energy consumption and high pollution output (Two Highs).The notice was issued by the Yulin Municipal Development and Reform Commission on September 13. The city of Yulin in Shaanxi province is the magnesium produc...Read More
An overview of the aerospace materials markets and the latest price moves in the week to Friday September 17.Jessica Long, Ruby Liu and Carrie Shi in Shanghai, Fola Malomo,...Read More
Growing congestion at southern California ports is disrupting loading and unloading activities, thereby restricting ferrous scrap shipments to Taiwan and further boosting prices, sources told Fastmarkets this week.Fastmarkets' daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $460 per tonne on Friday September 17, unchanged from T...Read More
Hot-rolled coil prices in the United States rose above $98 per hundredweight ($1,960 per short ton) to a new record, with buyers projecting that an upcoming spate of mill shutdowns for maintenance will further tighten steel supplies.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $98.11 per cwt ($1,962.20 per ton) on Friday September 17, up by 0.57% from $97.55 per cw...Read More
Demand for ferrous scrap imports among Vietnamese steelmakers surged in the week to Friday September 17 amid healthy order books for billet exports.A 20,000-tonne bulk cargo of heavy melting scrap 1&2 (80:20) from the United States West Coast was sold at $505 per tonne cfr Vietnam to an induction furnace-based steelmaker on Monday, a few market sources told Fastmarkets.The cargo also includes 10,0...Read More
Brazil-based metals producer Nexa Resources will shift its chain of command next year, with Ignacio Rosado to take the role of chief executive officer, it said on Thursday September 17.Rosado, former CEO at Peruvian miner Volcan, will join the company on November 1 and start the transition to substitute Tito Martins as Nexa's top executive on January 1, 2022.According to the company, Rosado has mo...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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
Prices for cold-rolled and galvanized steel sheet in the United States strengthened to new all-time highs again after market participants judged the upcoming maintenance outages at domestic mills as problematic for short-term spot availability.Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US jumped to $109.50 per hundredweight ($2,190 per short ton) on Thursday September 16 f...Read More
Brazil's pig iron export market was firm over the week to Friday September 17, with long lead times after active selling to the United States and China through the first half of September, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $480-500 per tonne on Friday, narrowing upward from $475-500 per tonne a week earlier.The latest...Read More
Base metals prices on the LME and SHFE were mixed on the morning of Friday September 17, with most remaining listless despite being buffeted by a firmer US dollar, generally weaker economic data and disruption to both production and supply.Broader markets were quiet but firmer heading into the weekend and China's Mid-Autumn Festival holiday takes place on Monday and TuesdayBase metalsThree-month b...Read More
South Korean battery manufacturer LG Energy Solution (LGES) has agreed to buy a 4.8% stake in China's Greatpower Nickel & Cobalt Materials Co for 35 billion Won ($29.72 million), the Chinese battery materials producer said on Friday September 17. In addition, two parties have signed a supply contract for six years, which entails Greatpower supplying a total of 20,000 tonnes of nickel sulfate to th...Read More
Prices for steel billet exports from the Commonwealth of Independent States remained firm over past the week, supported by demand from China.Having sold a significant part of their October allocations and even part of their November allocations to China in the week to September 3, CIS mills were mainly in wait-and-see mode and not hurrying to sell their remaining volumes.Rare indications of offers...Read More
Key data from Fastmarkets' pricing session in China on Friday September 17.Key drivers Silicon export prices have increased sharply, following higher domestic prices, due to limited output from silicon plants in China. The domestic silicon price rose to around 41,000 yuan ($6,358) per tonne in the second half of...Read More
Brazilian aluminium smelter Albras expects to double its output of primary foundry alloy (PFA) in 2021 over the volume in 2020, and to reach 10,000 tonnes by the end of the year, the company said on Wednesday September 15.Albras launched PFA products in 2019, and has invested in technology and workforce skill qualification to increase output in each year since then.One of the newest examples, it s...Read More
Austria Metall AG (AMAG) has committed to carbon neutrality by 2040 and has called for politicians to create a framework for the stable supply of green energy at competitive prices in good time.The company laid out its strategy to achieve net-zero carbon emissions, which will focus on increased recycling, energy efficiency and the replacement of fossil fuels.Like its peers in the metals and mining...Read More
Chilean state-owned copper producer Codelco has signed a labor agreement to last until 2024 with the No6 Benito Tapia Tapia trade union, which represents workers at its Salvador division, the company said on Wednesday September 15.The new agreement will be valid for 36 months. According to Codelco, 61% of the union's members voted in favor of taking no wage rise but having a settlement bonus of 4,...Read More
London Metal Exchange base-metals prices were mostly lower at the 5pm close of trading on Thursday September 16, with a rise in the US dollar and the intended release of more metal from China's reserves weighing on the complex.The US Dollar Index reached its highest on Thursday since August 27, with an intraday high of 92.97. The index was well bid, with investors expecting a hawkish view from the...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 16 that are worth another look....Read More