The latest metal markets news and price moves to start the North American day on Thursday August 9. ...Read More
Aluminium prices on the London Metal Exchange climbed 0.5% during morning trading on Thursday August 9, elevating a buffeted complex following the light metal's 3.2% surge at the close of trading on Wednesday. ...Read More
Prices for US domestic and imported wire rod remained steady despite softening prices for scrap, with sources expecting little change in the near term....Read More
German steelmaker ThyssenKrupp expects prices to remain "stable and high... on the commodity and material markets, with positive income effects" for its Steel Europe business over the rest of its current financial year, which will end on September 30, it said on Thursday August 9....Read More
ArcelorMittal has restarted blast furnace No4 at its Zenica long steel mill in Bosnia & Herzegovina, following a "comprehensive rebuild," equipment provider Danieli Corus said this week....Read More
Turkish domestic rebar prices went up slightly due to the weakening lira over the past week despite only limited demand, sources said on Thursday August 9....Read More
Imported billet prices in Turkey have gone down this week on subdued demand, while domestic prices went up slightly due to the weakness of the lira, sources said on Thursday August 9....Read More
Turkish rebar and wire rod export prices have gone down over the past week in line with the weak demand and falling imported scrap prices, sources said on Thursday August 9....Read More
The electrification of vehicles and the need to store electricity generated by renewable energy sources - mainly solar and wind - point to huge demand for lithium-ion batteries.The automotive industry's use of lithium-ion batteries is on track to grow ninefold to 650 GWh by 2025 from around 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this.The use of lith...Read More
Surging investment across the battery raw materials supply chain, stemming from growing demand for electric vehicles, has fueled an increasing appetite for transparent market intelligence.The spotlight is on lithium especially. Battery technology has evolved to a point of investor and exchange interest, with mass consumer adoption on the cards, but the way the material is priced is yet to make suc...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe, and China....Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China....Read More
Three-month base metals prices on the London Metal Exchange were positively higher in the morning of Thursday August 9, with the complex up an average of 0.4%. Leading the gains was LME copper, up 1.1%, followed by tin (+0.5%), lead and zinc (both up 0.4%). Meanwhile, aluminium is up 0.1%, consolidating after yesterday's strong surge of 3.2% amid industrial action at Alcoa’s Pinjarra alumina...Read More
Turkish deep-sea scrap import prices have gone down with the news of a fresh Baltic Sea cargo, despite overall demand still being very weak, sources said on Thursday August 9....Read More
China's ferrous futures were mixed in the morning trading of August 9 on unclear sentiment. Carbon steel and raw materials contracts diverged in price direction....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 point in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for weekly Jobless Claims was 220,000 versus a revised 219,000 last week. Actual was 213,000. Consensus for July Producer Prices was an increase of 0.2% versus a gain of 0.1% in June. Actual...Read More
China's domestic rebar prices remained on a downward trend on Thursday August 9, with little trading activity apparent in the market....Read More
China's hot-rolled coil prices fell on Thursday August 9, dragged down by low demand....Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday August 9*...Read More
Three-month base metals prices on the London Metal Exchange were positively higher in the morning of Thursday August 9, with the complex up an average of 0.4%. Leading the gains was LME copper, up 1.1%, followed by tin (+0.5%), lead and zinc (both up 0.4%). Meanwhile, aluminium is up 0.1%, consolidating after yesterday's strong surge of 3.2% amid industrial action at Alcoa's Pinjarra alumina refin...Read More