Chinese cobalt producer Hanrui Cobalt has applied to launch an initial public offering (IPO) of its shares on the Stock Exchange of Hong Kong, the company said on Friday June 25.The company aims to strengthen its leading position in the global cobalt industry and deepen upstream and downstream integration amid growing opportunities in the new energy vehicles (NEVs) sector driven by carbon neutral...Read More
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 22.00-22.95 on Monday June...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...Read More
Key data from Fastmarkets' pricing session in China on Friday June 25.Key drivers: The antimony price in China moved up with cargo holders raising offer prices amid tight market supply. Sources said that only a limited number of producers...Read More
Key data from the Friday June 25 pricing session in London and Beijing.Key drivers Cobalt hydroxide payables held steady last week, but some suppliers were considering pushing these up on rising prices for cobalt salts downstream - which had been trending upward since the middle of June - and growing optimism amid continual increases in benchmark metal prices. Chinese...Read More
Key data from the Friday June 25 pricing session in China.Key drivers China's cobalt metal market rose further due to strengthening Chinese futures amid bullish sentiment following continuous increases experienced by global benchmark metal prices. Most sellers held back from selling in anticipation of higher prices in July. Some cobalt tetroxide suppliers kept their offers steady...Read More
The German steel industry has called for further support and policy after the Climate Protection Emergency Program 2022, and for the program to widen its scope to other material alternatives, Fastmarkets learns.The steel scrap association BDSV criticized the Climate Protection Emergency Program 2022 which heavily focused on hydrogen-based steel production for green steel manufacture, and not steel...Read More
The European Commission (EC) officially confirmed the move to extend the existing safeguard measures on imported steel into the European Union by three years in an announcement made late afternoon on Friday June 25.The measures imposed on 26 steel products imported into the EU will remain in place until June 30, 2024, with quota volumes for the products increasing by 3% year-on-year, the commissio...Read More
Russian aluminium will carry an export duty of 15% plus $254 per tonne from August 1 through December 31, the Russian government's press service confirmed.Export duties were approved on 340 non-ferrous and steel products, after Russian Prime Minister Mikhail Mishustin signed an official decree last Friday June 25. Primary aluminium, under harmonized system code 760110, will also be taxed.Some more...Read More
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were weaker across the board this morning, Tuesday June 29, with the spread of Covid-19 Delta variant a worrisome development. While lockdowns can hit demand, there is also risk to supply from mine closures or further logistical delays.Base metalsLME three-month base metals prices were down across the board...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Morgan Stanley gained $2.89 to $90.59 after announcing plans to double its dividend and to commit to a $12 billion share buyback program.Wells Fargo added $0.31 to $46.10 after announcing plans to double its dividend.Goldman Sachs advanced $4.79 to $373.50 after announcing plans to raise its...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Base metals prices on the London Metal Exchange were weaker on the morning of Monday June 28, while those on the Shanghai Futures Exchange were more mixed.The spread of the Delta variant of Covid-19 across parts of Southeast Asia, Australia and South Africa is causing concern about a 4th wave.Base metalsLME three-month base metals prices, with the exception of tin that was untraded, were down acro...Read More