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
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. Spread of Delta variant of Covid-19 across parts of Southeast Asia, Australia and South Africa causing concern about a 4th waveBase metalsLME three-month base metals prices, with the exception of tin that was untraded, were down across the boar...Read More
Treatment charges for lead concentrates have fallen to their lowest level for two years while terms for zinc concentrates have so far resisted further rises, Fastmarkets has heard.Fastmarkets' assessment of the lead spot concentrate TC, low silver, cif China, was $25-40 per tonne on Friday June 25, down from $40-55 per tonne a month previously.With prices high and demand for lead ingots said to be...Read More
Here are five Fastmarkets MB stories you might have missed on Monday June 28 that are worth another look....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
London Metal Exchange base metals prices were in a consolidation tone on the morning of Monday June 28, after a pick-up during the latter part of last week. Nickel's price was down a slight 0.7% to $18,390 per tonne at 9am from $18,523 per tonne on Friday at the close. The metal was the best performer last week, rising by 6% from last week Monday's closing price of $17,450 per tonne. Nickel's rise...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
Tin was the best performer on the London Metal Exchange during trading on Monday June 28, while the rest of the complex was mixed at the start of the new week with particularly low volumes for copper's three-month contract. Tin's three-month price increased by 1.2% to $31,152 per tonne on Monday at the close from Friday's $30,774 per tonne price. The metal rose to as much as $31,220 per tonne dur...Read More
Here are five Fastmarkets MB stories you might have missed on Monday June 28 that are worth another look....Read More
South Africa will move to an adjusted alert level 4 lockdown for 14 days from Monday June 28, President Cyril Ramaphosa said in an address to the nation on Sunday June 27. The move was in response to a massive resurgence of infections and continual mutation of the Covid-19 virus into new variants, according to Ramaphosa."The Africa Centres for Disease Control and Prevention reports that a third wa...Read More
Domestic prices for hot-rolled coil in Europe increased in the week to Friday June 25, despite slower trading activity in the market with buyers holding back from making new deals.At the end of last week, ArcelorMittal increased its offers for coil products by ?,?30 ($36) per tonne across Europe. New offers for HRC reached ?,?1,200 ($1,432) per tonne ex-works, with offers on cold-rolled and hot-di...Read More
Lithium iron phosphate batteries have recently regained their position as the preferred option among original equipment manufacturers in China, casting doubt on the forecast dominance of the alternative nickel-cobalt-manganese lithium-ion batteries in the country's electric vehicle battery supply chain.The situation has also raised questions about whether the change in sentiment would be mirrored...Read More
China is considering adding 5% across the board to existing export taxes on ferro-alloys from Thursday July 1, market sources told Fastmarkets, adding that if that happens manganese flake prices will rise.Manganese flake is extremely sensitive to what happens in China - since it produces 95% of the world's supply - and the spot price is already at a 13-year high in Europe and close to its highest...Read More
Here are five Fastmarkets MB stories you might have missed on Monday June 28 that are worth another look....Read More
GFG Alliance and Liberty Steel's restructuring and transformation committee has announced its plans to restructure the group's steel businesses, the company said on Monday June 28."The developments [will] help to pave the way for a refinancing which will enable GFG [Alliance] to pay back creditors following the collapse of its main lender, Greensill Capital," the company said. "This in turn will a...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
The domestic nickel pig iron (NPI) price rose in the week to Friday June 25 in an active spot market while the ferro-nickel price also went up due to a bullish stainless steel outlook, sources told Fastmarkets.Fastmarkets assessed the price of nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,200-1,210 yuan ($185.50-187.10) per nickel unit on Friday, up by 15-25 yuan (1.7%)...Read More
Seaborne iron ore concentrate and pellet prices fell in the week ended Friday June 25 due to a weaker demand outlook for steel, sources said. Fastmarkets iron ore indices Pellet premium over 65% Fe fines, cfr China: $62 per tonne, down $0.40 66% Fe concentrate, cfr Qingdao: $241.32 per tonne, down $1.31 65% Fe blast furnace pellet, cfr Qingdao: $300.81 per tonne, down $4.11 Key drivers Sentiment w...Read More
Here are five Fastmarkets MB stories you might have missed on Monday June 28 that are worth another look....Read More