Base Metal Stock Articles

IN CASE YOU MISSED IT: 5 key stories from July 19

July 20, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More

Eurofer calls for better carbon emissions strategy after EU adopts Fit for 55 package

July 20, 2021 / Staff reporter

European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.On July 14, the European Commission adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit to meet its greenhouse gas emissions targe...Read More

EUROPE HRC: Trading activity low on seasonal slowdown, limited availability

July 20, 2021 / Staff reporter

Market activity in the European Union's hot-rolled coil sector has been limited due to the seasonal slowdown and long lead times, sources told Fastmarkets on Monday July 19.In addition to seasonal factors, buyers have shown limited interest in acquiring flat steel due to sufficient stocks and long lead times from domestic and overseas suppliers.Credit lines for buyers have also been exhausted over...Read More

IN CASE YOU MISSED IT: 5 key stories from July 19

July 20, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More

EUROPE HRC WRAP: Market activity slows on summer lull, low availability

July 20, 2021 / Staff reporter

Activity in the EU hot-rolled coil market in the week to Friday July 16 was low due to a seasonal demand slowdown and limited availability.Buyers were holding back from acquiring material due to the summer holiday slowdown and uncertainty about the price trend. Domestic prices have remained high despite a slight correction lower while buyers, who have sufficient stocks for a couple of months, pref...Read More

IN CASE YOU MISSED IT: 5 key stories from July 19

July 20, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More

Vulcan Energy signs 'zero carbon' lithium supply deal with LG Energy Solution

July 20, 2021 / Staff reporter

Australia-listed Vulcan Energy has signed a binding offtake agreement to supply South Korea's LG Energy Solution (LGES) with battery grade lithium hydroxide from it's 'zero carbon' facility in Germany, the producer said on Monday July 19.Vulcan will supply battery-grade lithium hydroxide to LGES for an initial five-year term. Commercial deliveries are set to commence in 2025 and there is an option...Read More

Slight improvement in S Africa's port operations, cobalt hydroxide market uncertain

July 20, 2021 / Staff reporter

Ports' operations in South Africa's KwaZulu-Natal have slightly improved, while cobalt hydroxide market participants wait for a clearer direction, sources told Fastmarkets.Ports and terminal operations in Durban and Richard Bay in KwaZula-Natal, South Africa have slowly begun to normalize while the country has prioritized recovery after recent civil unrest. Most participants held watchful attitude...Read More

MORNING VIEW: Base metals prices mixed - some consolidating, others driven higher by supply issues

July 20, 2021 / Staff reporter

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Monday July 19, with nickel and tin the standout performers, driven higher by supply disruptions.United States 10-year treasury yields continue to trend lower, despite inflationary pressures in the countryBase metalsLME three-month base metals prices were mixed this morning, with nickel up by...Read More

GERMANY STEEL SCRAP: Domestic prices rise in July on tight supply

July 20, 2021 / Staff reporter

German steelmakers settled their monthly steel scrap contracts for July at higher prices due to continuous tight availability in the market, sources told Fastmarkets.Prices for new scrap grades, such as E8, have risen higher compared with other grades due to short supply from both automotive producers and flat steel service centres. Stoppages and reduced production rates in the automotive sector r...Read More

Slight improvement in S Africa's port operations, cobalt hydroxide market uncertain

July 20, 2021 / Staff reporter

Ports' operations in South Africa's KwaZulu-Natal have slightly improved, while cobalt hydroxide market participants wait for a clearer direction, sources told Fastmarkets.Ports and terminal operations in Durban and Richard Bay in KwaZula-Natal, South Africa have slowly begun to normalize while the country has prioritized recovery after recent civil unrest. Most participants held watchful attitude...Read More

IN CASE YOU MISSED IT: 5 key stories from July 19

July 20, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More

Power cuts boost China's SiMn market; low-grade manganese ore price softens

July 20, 2021 / Staff reporter

New power cuts in China's Inner Mongolia region boosted spot silico-manganese prices to a two-year high in the week ended Friday July 16, but sentiment in the low-grade manganese ore market went down on concerns that reduced manganese alloy production could hurt ore demand in the near term, despite the continuing civil unrest in South Africa.On July 14, Inner Mongolia's power network dispatch cent...Read More

Alumina prices up on better liquidity, Alumar refinery problems

July 20, 2021 / Staff reporter

Alumina prices on an fob Australia basis were at a four-month high on Monday July 19 due to an increase in liquidity, with cargoes changing hands at higher prices.Fastmarkets assessed its daily alumina index, fob Australia, at $289.36 per tonne on Monday, the highest since March 19.Demand for cargoes has increased over the past week. But the rise in prices also related to concern in the market abo...Read More

CIS STEEL SLAB: Prices keep sliding amid weakening flat steel values in end-user markets

July 20, 2021 / Staff reporter

Slab export prices from the Commonwealth of Independent States (CIS) continued to decline in the week to Monday July 19, amid falling finished flat steel values in the region's main destination markets.In Turkey, hot-rolled coil prices dropped in the week to Friday July 16 on low activity in the key export outlets for that product. Fastmarkets' weekly price assessment for steel HRC, export, f...Read More

Offers for steel billet in Asia balloon following aggressive Chinese buying

July 20, 2021 / Staff reporter

Steel billet buyers across Asia are facing a raft of expensive offers following frenetic buying activity among Chinese customers last week, sources told Fastmarkets on Monday July 19.Buying prices for steel billet in China climbed throughout last week on expectations that many mills would need to reduce output in the second half of the year, because China's authorities were targeting 2021 steel pr...Read More

MANGANESE ORE ANALYTICS: July 19, 2021

July 20, 2021 / Staff reporter

The latest data for the global manganese ore market for the week ended July 19, 2021.Read More

IN CASE YOU MISSED IT: 5 key stories from July 19

July 20, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More

Hebei province to construct inland dry port for green transport

July 20, 2021 / Staff reporter

Inland dry ports will be constructed to facilitate bulk material transport and to improve air quality, according to a notice released by Handan Ecology and Environment Bureau (HEEB) on Monday July 19.HEEB released a notice on forwarding the Work Plan of Hebei province Atmospheric Pollution Control 2021, where the Leading Group of Hebei province Atmospheric Pollution Control proposed to construct i...Read More

US PIG IRON: Market slow, buyers expect lower prices

July 20, 2021 / Staff reporter

The pig iron import market in the United States was slow during the week to Friday July 16 because buyers held sufficient stocks and were waiting for prices to be reduced.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $625-645 per tonne on Friday, down from $650-655 per tonne a week before."Both Russia and Ukraine have unsold cargoes for August shipment and later....Read More

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