Aluminium billet premiums mostly rose on Friday September 24, setting new record highs or being supported at such levels, as more expensive offers for 2022 negotiations advanced.EuropeFastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,350-1,400 per tonne on Friday, up from $1,320-1,370 per tonne a week prior and from $1,220-1,270 per tonne a mon...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 24. Susan Zou, Yingchi Yang and Sybil...Read More
An overview of the aerospace materials markets and the latest price moves in the week to Friday September 24.Jessica Long, Ruby Liu and Carrie...Read More
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 assessed Cobalt sulfate...Read More
Limited availability of light-iron scrap in the UK has cemented the market in its current range in the week to Friday September 24, with major processors holding their offer prices to ensure a steady stream of supply into their yards, trade sources said.Fastmarkets' weekly price assessment for steel scrap 5C loose old light domestic, delivered inter-merchant UK, was ?170-190 ($233-260) per tonneo...Read More
Export prices for steel rebar and wire rod from Turkey were unchanged over the week to Thursday September 24, despite the limited demand.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was stable week on week at $660-670 per tonne on Thursday.Rebar offers to foreign customers were heard mainly within the range of $665-675 per tonne fob. But aft...Read More
China's Chengxin Lithium International, a subsidiary of the Chengxin Lithium Group, is planning to enter into a joint venture lithium project in Indonesia with Singapore's Stellar Investment.It plans to invest $350 million in the joint venture whose proposed name is PT ChengTok Lithium Indonesia, it said on Friday September 24.Chengxin Lithium International will hold a 65% stake in the joint ventu...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,...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 24. Susan Zou, Yingchi Yang and Sybil...Read More
General Motors will double production in two of its Brazilian plants by introducing a second work shift, despite an ongoing global semiconductor chip shortage, the United States-based company's local branch said on Wednesday September 22.The automaker's unit in S??o Caetano do Sul, a city in Brazil's southeastern S??o Paulo state, will begin a second work shift on September 27. A second unit in Gr...Read More
South Korean mills are continuing to scale back their steel scrap imports amid a slide in local steel demand and production stoppages at some electric-arc furnace (EAF) mills, sources told Fastmarkets on Friday September 24.South Korean steelmakers take back-seat while Vietnam ramps-up buyingHigher bids for scrap in China, with restocking efforts stepping upOffers for imported material to China re...Read More
Seaborne iron ore prices increased on Friday September 24 amid more speculative buying activity for low- and mid-grade iron ore fines, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $111.33 per tonne, up by $2.66 per tonne62% Fe low-alumina fines, cfr Qingdao: $113.78 per tonne, up by $4.40 per tonne58% Fe fines high-grade premium, cfr Qingdao: $83.08 per tonne, up by $3.54 pe...Read More
Ford Motor Co is working in partnership with Redwood Materials to create a closed loop for recycling lithium-ion batteries from electric vehicles (EVs) and a domestic supply chain for critical battery materials.Nevada, United States-based Redwood, founded by former Tesla chief technology officer Jeffrey Brian Straubel, said the US automotive manufacturer has invested $50 million in Redwood to help...Read More
September has been a very eventful month so far for the Chinese silico-manganese and ferro-silicon markets. In the first three weeks, the futures prices for both products kept rising to new heights against market expectations.Market participants have grown antsy in the absence of any indication of a slowdown in this upward momentum. They believe the unprecedented price rally has gone far beyond ma...Read More
Turkish alloy steelmaker ??emtas has started production at its new stabilizer line for supplying steel to commercial vehicle producer Man, ??emtas said on Tuesday September 21.Located in Bursa, ??emtas has a crude-steel production...Read More
China's domestic rebar prices ended the week high despite shedding some losses on Friday September 24 amid falling futures.Domestic Eastern China (Shanghai): 5,780-5,820 yuan ($895-901) per tonne, down by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 5,480-5,520 yuan per tonne, up by 180 yuan per tonneRestocking demand continued to drop during the day in the country's eastern region...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 hydroxide p...Read More
Indian steel mills kept their prices for domestic cold-rolled coil and galvanized coil steady in the week to Friday September 24, even with traders selling such downstream flat steel products at significant discounts in the local markets, Fastmarkets has learnt.The price of steel hot-dipped galvanized coil, domestic, ex-whse India, was assessed at 80,500-81,500 rupees ($1,091-1,104) per tonne on F...Read More
September has been a very eventful month so far for the Chinese silico-manganese and ferro-silicon markets. In the first three weeks, the futures prices for both products kept rising to new heights against market expectations.Market participants have grown antsy in the absence of any indication of a slowdown in this upward momentum. They believe the unprecedented price rally has gone far beyond ma...Read More
Spot prices for hot-rolled coil in China dropped on Friday September 24 after futures prices fell for a second day on growing demand concerns, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,680-5,720 yuan ($879-885) per tonne, down by 40-60 yuan per tonneNorthern China (Tangshan) weekly assessment: 5,670-5,740 yuan per tonne, widening downward by 30 yuan per tonneThe most-t...Read More