General Motors (GM) plans to extend its control of the midstream processing chain in the next 18 months while it gets battery plants in the United States up and running, a senior company executive at the automotive manufacturer said.This is also part of a push by the automaker to create a greener supply chain via reduced movement of materials around the world, GM manager of energy environment and...Read More
Key data from Fastmarkets' ferro-silicon pricing sessions in China, Europe and the United States on the week ended Tuesday November 16.China Ferro-chrome producers in Inner Mongolia and Guangxi are running at high production rates, which could pressure alloy prices and increase chrome ore consumption.Spot ferro-chrome dropped again after suppliers lowered offers to destock. The improved productio...Read More
The export market for steel slab from the Commonwealth of Independent States remained quiet in the week to Monday November 15, with a various trends in different customer markets driving a lack of clarity.In the Asian region, weakening flat steel prices in China's domestic markethad a strong negative effect on other regional markets.The release of rather grim economic and property data by Chi...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More
UK-based recycler HyProMag Ltd has established a subsidiary in Germany to roll out the commercialization of technology to recycle rare-earth magnets into the European market, a shareholder in the British company has said.Magnito Ltd is a subsidiary of Canadian minerals explorer Mkango Resources, and it holds a 42% stake in HyProMag. According to Mkango, the goal of the new German operation is to s...Read More
Chinese lithium-ion battery cathode materials producer Beijing Easpring Material Technology has signed a strategic cooperation agreement with SK Inc to develop cathode materials production projects in Europe, Asia and the United States, the company said on Monday November 15.Under the agreement, SK will invest in Easpring's Finnish joint venture with an equity ratio of no more than 30% to develop...Read More
MineHub Technologies Inc has launched an application to digitalize and streamline the assay exchange process between buyer, seller and laboratories in base metal concentrates transactions, the blockchain technology platform said.The application, known as MineHub Assay Exchange, is the first in a series of network applications for concentrates that the company intends to roll out over the next mont...Read More
Turkish steelmakers were mostly quiet in the deep-sea scrap import markets following a sharp decline in the country's currency value, market participants told Fastmarkets on Tuesday November 16.Mills booked three deep-sea cargoes for December shipments at the beginning of the week.A steel mill in the Marmara region booked a UK cargo at $490 per tonne and a Baltic Sea cargo at $494.50 per tonne cfr...Read More
General Motors (GM) plans to extend its control of the midstream processing chain in the next 18 months while it gets battery plants in the United States up and running, a senior company executive at the automotive manufacturer said.This is also part of a push by the automaker to create a greener supply chain via reduced movement of materials around the world, GM manager of energy environment and...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 tradesOctober 8: 90 tonnes (15 tonnes each month between January to June 2022, all at $26.75 per lb)October 14: 5 tonnes for December 2021 at $26.85 per lbOctober 15: 65 tonnes (5 tonnes for November 2021 at $...Read More
Domestic prices for hot-rolled coil were fairly stable in Northern Europe and Italy on Tuesday November 16 due to a lack of trading activity, sources told Fastmarkets.Spot buyers will remain in "wait-and-see" mode until the price trend becomes clear and long-term contracts are settled, sources said.Producers across Europe have been aiming for higher prices for first-quarter rolling coil due to ris...Read More
Copper and aluminium London Metal Exchange prices closed lower on Tuesday November 16, with a stronger dollar pushing prices down.The aluminium three-month price closed at $2,574 per tonne on Tuesday, down from $2,657 per tonne at Monday's close.Market participants attributed the fall to a strong dollar, which makes buying metals using other currencies expensive and pushes demand...Read More
General Motors (GM) plans to extend its control of the midstream processing chain in the next 18 months while it gets battery plants in the United States up and running, a senior company executive at the automotive manufacturer said.This is also part of a push by the automaker to create a greener supply chain via reduced movement of materials around the world, GM manager of energy environment and...Read More
Mexican ferrous scrap prices were stable for most grades, but sparse reports of price increases and higher-price deals were spotted in what could be the beginning of an uptrend in prices.At least one Mexican scrap buyer was heard applying slight increases for prime grade scrap, since the material supply was short. There were also reports of higher deals for some obsolete grades.But for most grades...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More
Mexican ferrous scrap prices were stable for most grades, but sparse reports of price increases and higher-price deals were spotted in what could be the beginning of an uptrend in prices.At least one Mexican scrap buyer was heard applying slight increases for prime grade scrap, since the material supply was short. There were also reports of higher deals for some obsolete grades.But for most grades...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More
The downward trend in China's domestic rebar prices was halted by a rise in trading activity on Tuesday November 16, sources told Fastmarkets.Domestic Eastern China (Shanghai): 4,700-4,730 yuan ($737-742) per tonne, unchangedBuyers raised procurement rates on Tuesday morning in response to futures gains, which halted the decline in spot market prices, sources said.The most-traded January rebar fut...Read More