Nickel's price was up by more than 5% on the London Metal Exchange and tin's was up by 4.3% since the start of the week, with bullish momentum returning to the base-metals complex on Friday May 28 and all metal prices finishing higher than at the start of the week.Prices bounced back following a period of weakness and correction seen at the beginning of the week, after the Chinese government calle...Read More
Iron ore prices rose on Friday May 28 amid strong semi-finished and finished steel prices, driven by firmer demand from end users, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $190.51 per tonne, up $0.78 per tonne62% Fe low-alumina fines, cfr Qingdao: $192.67 per tonne, up $1.77 per tonne58% Fe fines high-grade premium, cfr Qingdao: $162.80 per tonne, up $0.42 p...Read More
Nickel's price was up by more than 5% on the London Metal Exchange and tin's was up by 4.3% since the start of the week, with bullish momentum returning to the base-metals complex on Friday May 28 and all metal prices finishing higher than at the start of the week.Prices bounced back following a period of weakness and correction seen at the beginning of the week, after the Chinese government calle...Read More
Prices for shredded steel scrap imported into India and Pakistan moved down after there was further weakening on the Turkish scrap market and in Chinese futures, Fastmarkets heard on Friday May 28.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $495.42 per tonne on May 28, down from $510.93 per tonne on May 25 and from $517.88 per tonne on May 21.Indian buyers showed...Read More
Prices for inter-merchant light iron scrap in the UK were steady over the week ended Friday May 28, consolidating firm gains from the previous week that hit a nine-year peak, with increases possible in talks due next week between suppliers and steel mills, trade sources have told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK,...Read More
Base metals prices on the Shanghai Futures Exchange were up across the board while those on the London Metal Exchange were mixed during the morning of Friday May 28. This followed surging prices on Thursday. Falling initial jobless claims in the United States boosted sentimentAn indefinite strike has started at BHP's Santiago copper-mining operations center Asia-Pacific equities upbeat as are pre-...Read More
China's leading stainless steel producers, Taiyuan Iron & Steel (Tisco) and Baosteel Group, have lowered their ferro-chrome tender prices for June delivery by 50 yuan ($7.84) per tonne compared with the previous month.The latest high-carbon ferro-chrome tender prices released by Tisco and Baosteel on Friday May 28 were 7,250 yuan and 7,445 yuan per tonne respectively, slightly down from the 7,300...Read More
Ivanhoe Mines - the developer of the Kamoa Kakula copper mine in the Democratic Republic of Congo (DRC) - is in talks with that country's government about securing a permit to export concentrate, it said.The talks between Canada-listed Ivanhoe Mines and Kinshasa follow news - broken by Fastmarkets this week - of the DRC introducing a ban on the export of copper...Read More
China's leading stainless steel producers, Taiyuan Iron & Steel (Tisco) and Baosteel Group, have lowered their ferro-chrome tender prices for June delivery by 50 yuan ($7.84) per tonne compared with the previous month.The latest high-carbon ferro-chrome tender prices released by Tisco and Baosteel on Friday May 28 were 7,250 yuan and 7,445 yuan per tonne respectively, slightly down from the 7,300...Read More
The price range for flat-rolled stainless steel in Europe narrowed upwards this week, reflecting a continued shortage of supply that is likely to become more pronounced with the introduction of anti-dumping duties on material from India and Indonesia. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm grade 304, transaction domestic, delivered North Europe was ?,?3,150...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Cristina Belda, Fleur...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...Read More
Key data from the pricing session in London on Friday May 28.Key drivers:Some market participants reported that last week's price rise was fueling a larger number of inquiries this week. Others contend that cobalt remains available below the range, causing...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.Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Key data from Fastmarkets' pricing sessions in Europe, India, the United States and China on Friday May 28.China The markets for seaborne low- and high-grade manganese ore were quiet oer the week to Friday while buyers awaited a new round of offers from miners in the coming week. Portside low- and high-grade manganese ore prices were little changed, with buyers showing increased appetite for high-...Read More
Key data from Fastmarkets' pricing sessions in Europe, the United States and China on Friday May 28.China The China ferro-silicon price narrowed downward slightly following a correction of the previous price rally, but the general sentiment remained positive amid Ningxia's production cuts related to the dual control of energy consumption, with suppliers' offers broadly holding firm. The China ferr...Read More
The price range for flat-rolled stainless steel in Europe narrowed upwards this week, reflecting a continued shortage of supply that is likely to become more pronounced with the introduction of anti-dumping duties on material from India and Indonesia. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm grade 304, transaction domestic, delivered North Europe was ?,?3,150...Read More
Brazilian steel slab export prices fell slightly week on week on Friday May 28 amid a pause in negotiations for shipments to the United States and lower indications for other regions.Fastmarkets assessed the price for steel slab export, fob main port Brazil at $970-990 per tonne on Friday, widening downward from $980-990 per tonne on May 21.With July-shipment deals to the US done in the previous w...Read More
Junior miner Lithium Americas has commenced development planning for a second-stage expansion of lithium production capacity at the Cauchari-Olaroz lithium project in Argentina, it said on Friday May 28.The Cauchari-Olaroz lithium project is situated in the Jujuy province of Argentina and the mine is being developed alongside Chinese lithium major Ganfeng Lithium. Ganfeng Lithium owns a 51% stake...Read More