The German subsidiary of Blackstone Resources AG is to increase its lithium-ion battery production capacity tenfold, the company said.According to the Switzerland-based holding company, Blackstone Technology will increase its lithium-ion battery manufacturing capacity to 500 MWh per year at its D??beln site in Saxony by 2022. The batteries are made using the company's own 3D-printing...Read More
Aqua Metals has signed a letter of intent with ACME Metal Enterprise to deploy and license the US company's lead recycling equipment at its facility in Keelung, Taiwan, the companies said.The agreement gives the two companies 60 days to finalize the deal and includes terms for licensing and a phased deployment of Aqua Metals' AquaRefining technology, which is a room temperature, water-based proces...Read More
Indonesia - the world's biggest tin exporter - is imposing a partial lockdown from July 3 to July 20 due to the country's surge in Covid-19 infections.The lockdown will begin just days after neighboring Malaysia - the world's second-biggest tin exporter - extended its pandemic-related lockdown, which was supposed to end on June 28.Both lockdowns come during an acute global shortage of tin that has...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 1 that are worth another look.Brazilian exports of iron ore rose by 12.19% in June this year compared with the corresponding month of 2020, despite Vale closing down part of a large complex in southeastern Brazil, according to...Read More
China's tungsten market is experiencing a tight supply of concentrate and ammonium paratungstate (APT), pushing prices for both products upward and leading some participants to expect the market to begin a new uptrend.The supply shortage has forced Chinese APT exporters to either raise their offer prices or suspend trading entirely.Fastmarkets' weekly price assessment for tungsten APT 88.5% WO3 mi...Read More
Strong gains for the US dollar, and manufacturing data out of Japan and China that was weaker than expected, sent base metal prices on the London Metal Exchange lower on Thursday July 1, with zinc leading the complex downward.The US Dollar Index hit a high of 92.55 on Thursday, the highest since April 6 and up by 0.8% since the start of the week.But the three-month price for zinc was down by 1.2%...Read More
Iron ore prices went up on Thursday July 1 and there was market chatter about a crude steel production limit for 2021 in certain Chinese provinces, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $219.32 per tonne, up $5.24 per tonne62% Fe low-alumina fines, cfr Qingdao: $221.75 per tonne, up $3.90 per tonne58% Fe fines high-grade premium, cfr Qingdao: $182.51 per...Read More
The price of steel billet exported from the Commonwealth of Independent States via the Black Sea fell further on Thursday July 1, due to an ongoing lack of interest from buyers in most destinations.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was calculated at $625 per tonne on July 1, down by $5 per tonne day on day.An offer from one Ukrainian producer was heard...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 1 that are worth another look.Brazilian exports of iron ore rose by 12.19% in June this year compared with the corresponding month of 2020, despite Vale closing down part of a large complex in southeastern Brazil, according to...Read More
Turkish steel mills have continued their deep-sea scrap purchases at fairly stable prices, market participants told Fastmarkets on Thursday July 1.A steel mill in the Marmara region booked a Baltic Sea cargo comprising 14,000 tonnes of HMS 1&2 (95:5) at $504.50 per tonne cfr. This was the third deep-sea deal heard so far this week, with another two...Read More
Iron ore prices went up on Thursday July 1 and there was market chatter about a crude steel production limit for 2021 in certain Chinese provinces, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $219.32 per tonne, up $5.24 per tonne62% Fe low-alumina fines, cfr Qingdao: $221.75 per tonne, up $3.90 per tonne58% Fe fines high-grade premium, cfr Qingdao: $182.51 per...Read More
Steel billet import price fell in Egypt in the week to Thursday, July 1, with market partiipants expecting the country's anti-dumping duties on rebar imports to be removed or reduced, sources told Fastmarkets.Egypt imposed definitive anti-dumping duties on rebar from China (29%), Ukraine (17.2-27%), and Turkey (7-22.8%) in December 2017.Now it appears the Ministry of Trade and Industry is about to...Read More
Chinese battery materials producer GEM's subsidiary company will invest in a battery-grade high-purity nickel and cobalt salts project with an annual capacity of 100,000 tonnes in Jinmen, Hubei province, the company announced on Wednesday June 30.Jinmen GEM High-purity Chemical Material, subsidiary of GEM, will invest 310 million yuan ($48 million) into the project to form production lines using r...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 1 that are worth another look.Brazilian exports of iron ore rose by 12.19% in June this year compared with the corresponding month of 2020, despite Vale closing down part of a large complex in southeastern Brazil, according to...Read More
Domestic prices for hot-rolled coil across Europe were largely stable on Thursday July 1 while trading in the spot market remained limited, sources told Fastmarkets.Long lead times, exhausted credit lines among customers and the approaching vacation season contributed to a softening of buying interest, sources said. Most European buyers were doing hand-to-mouth purchases for limited tonnages this...Read More
Turkish prices for various flat steel products moved both upward and downward during June, with the future for the prices seeming to be unsure because of the broader global market uncertainty, sources told Fastmarkets on Thursday July 1.The main reasons for this were that the traditionally slow summer season has started in most countries, China has not yet announced the rate for its planned export...Read More
Domestic prices for steel wire rod stabilized at high levels in the week to Wednesday, despite softer buying, supported by limited availability, high scrap values, sources told Fastmarkets on June 30.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe was ?,?840-870 ($998-1,033) per tonne on June 30, widening down from ?,?850-870 per tonne de...Read More
The Turkish long steel export market remained quiet this week, keeping prices stable, market participants said on Thursday July 1.Long steelmakers in the country continued to offer rebar for exports at $730-750 per tonne fob on actual weight basis.There was only one small export trade heard in the week to July 1. A...Read More
The United Kingdom has extended safeguard measures against imported steel for three years - until June 30, 2024 - the UK Trade Remedies Authority (TRA) said on June 30."The tariff-rate quota is an extension of the tariff-rate quota imposed by the European Union on behalf of the United Kingdom and other countries or territories that had effect in the United...Read More
The German subsidiary of Blackstone Resources AG is to increase its lithium-ion battery production capacity tenfold, the company said.According to the Switzerland-based holding company, Blackstone Technology will increase its lithium-ion battery manufacturing capacity to 500 MWh per year at its D??beln site in Saxony by 2022. The batteries are made using the company's own 3D-printing...Read More