An overview of the specialty steel raw materials markets in Europe and their latest price moves.Fleur Ritzema, Davide Ghilloti...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 assessed Cobalt alloy...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,...Read More
The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesJune 2, 2021: 120 tonnes (10 tonnes each month from January to December 2022, all at $21.45 per lb)June 17, 2021: 240 tonnes (10 tonnes each month from January to December 2022, all at $22.95 per lb; 10...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...Read More
Prices in the Taiwanese containerized ferrous scrap import market rebounded this week amid improving sentiment and competition for material in the bulk market, sources told Fastmarkets.Fastmarkets' daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20), United States material import, cfr main port Taiwan was $450 per tonne on Friday June 18, narrowing upward by $1 pe...Read More
The first shipment of Europe-origin HRS101-grade steel scrap has cleared customs at the Port of Jingtang on Friday June 18, sources told Fastmarkets.The containerized cargo, comprising 1,000 tonnes of plate and structural scrap (P&S), was sold by United Kingdom commodity brokerage Atlas Commodities to China's Zhejiang Metals & Materials Co in March.It is believed to be the first Europe-origin scra...Read More
The global lithium hydroxide complex extended its firm tone over the week ended Thursday June 17 against a backdrop of persistent supply constraints and optimism for growing demand.Battery-grade lithium hydroxide prices in both the domestic Chinese and seaborne Asian markets rallied because consumers are still finding it difficult to secure adequate feedstock. Battery-grade lithium carbonate suppl...Read More
A shortage of shredded scrap is squeezing major supplier markets and pushing up the prices of key grades in the world's export markets, sources told Fastmarkets this week.Lower inflows to scrapyards and stronger demand for key grades in the major supplier nations have made it much harder for overseas consumers to secure shredded scrap over the past month.The lack of available shredded scrap, combi...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 17 that are worth another look.Vale is testing the use of unmanned trains at its Mariana iron ore complex to transport ore to the Timbopeba plant in a bid to reverse a recent state-ordered stoppage, it said on...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 16.Please click...Read More
The whole London Metal Exchange complex fell on Thursday June 17 due to a high US dollar, with zinc and lead the hardest hit.The US Dollar Index touched 91.93 on Thursday, its highest level since April 13. This followed a more hawkish view expressed by the US Federal Reserve regarding inflation and interest rates, delivered on June 17.The three-month price of zinc fell the furthest, to $2,911.50 p...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 17 that are worth another look.Vale is testing the use of unmanned trains at its Mariana iron ore complex to transport ore to the Timbopeba plant in a bid to reverse a recent state-ordered stoppage, it said on...Read More
Joseph Carrabba, formerly chairman, president and chief executive officer of Cleveland-Cliffs, has been named CEO of ElementUS Minerals, the company has said.Carrabba was at Cleveland-Cliffs, at one point known as Cliffs Natural Resources, from 2005 to 2013. Prior to this, he had spent more than 20 years in executive leadership at Rio Tinto, holding positions in its North American, Australian, Asi...Read More
The smooth unloading of a stranded alumina cargo locked in China's Bayuquan port calmed sentiment in the Chinese alumina market on June 17, sources said.Offers for port material rose to 2,550 yuan ($398.37) per tonne on June 15, up 30 yuan per tonne from a week earlier, after news of the quarantined ship became widely known, sources said. "Offers rose after the news [of the trapped ship] but low s...Read More
A sharp rise in freight prices is eating into South African manganese producer profits by exacerbating the negative impact of the strengthening rand against the dollar.Freight rates have been high for several months amid increased demand for vessels and competition for freight space from other commodities.Manganese market participants told Fastmarkets that freight rates have risen rapidly over the...Read More
The upward momentum in cobalt spot prices continued on Thursday June 17 with prices rising for the second consecutive day, and traders becoming aggressive in the market after sensing a return of demand.Fastmarkets' price assessment for cobalt, standard grade, in whs Rotterdam, was $20.20-20.95 per lb on Thursday. This was up from $20.10-20.70 per lb the previous day.https://www.metalbulletin.com/M...Read More
Enabling large-scale expansion of solar power production capacity is a crucial part of the transition to a sustainable future for energy, but its prospects of growth rest on the current and future availability of key minerals and metals. Governments and organizations the world over are busy setting ambitious targets to cut carbon footprints and restrict global warming to less than 2 degrees Celsiu...Read More
Turkish steel mills extended their silence in the deep-sea scrap market on Thursday June 17, with market participants reporting no new bookings for the second day in a row and describing the market as "quiet."Two cargoes heard booked earlier in the week, but brought scrap prices down by $10 per tonne. This week, Turkish steel mills have mostly focused on selling rebar in the export market, with Fa...Read More
The steel mills in Bangladesh have picked up a raft of containerized scrap cargoes at higher prices over the past week, preferring boxes over bulk cargoes, market participants told Fastmarkets on Thursday June 17.Demand for bulk material was muted in the country following recent completed trades, rising bulk prices from the United States West Coast and continued congestion at the Bangladeshi port...Read More