A summary of multinational mining company Rio Tinto's first-quarter 2021 production results from its latest production report released on Tuesday April 20. In brief Iron ore production at Pilbara (100% basis) in the first quarter of 2021 was 2% lower year on year due to fixed plant reliability and above average wet weather at the mines. In the first quarter, labor resource availability and weather...Read More
A summary of BHP's operational review for iron ore for its financial third quarter ended March 31, 2021, as released on Wednesday April 21.In briefTotal production of iron ore for the nine months ended March 31 was 188.3 million tonnes (211.3 million tonnes on 100 % basis), up by 4% year on year. Iron ore production in January-March was at 59.9 million tonnes, down by 4%...Read More
China's hot-rolled coil prices narrowed upward on Wednesday April 21 amid inventory decreases, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,500-5,520 yuan ($847-850) per tonne, narrowing upward by 30 yuan per tonneMarket sentiment was lifted on Wednesday on futures gains, especially after talk circulated that HRC inventory in Shanghai had decreased over the past week, several Shang...Read More
China's import premiums for copper cathode are in free fall, and market sentiment remained very low in current unfavorable import condition. Premiums in other regions held unmoved.Shanghai premiums in free fall; equivalent grade (EQ) market trades at a bigger discount.United States and European copper premiums steady.China premiums collapse to seven-month low; EQ market deepens in discountThe prem...Read More
A recovery in the US dollar index weakened London Metal Exchange zinc and lead prices in the morning of Wednesday April 21, while nickel and aluminium prices regained some of the previous day's losses. The dollar index was at 91.32 on Wednesday morning, up from Tuesday's reading of 90.96. It hit its lowest since March 4 on Tuesday morning when it fell to 90.85, which had allowed for some price rec...Read More
Base metals prices on London Metal Exchange were up across the board this morning, Wednesday April 21, but those on the Shanghai Futures Exchange were mainly weaker, as were broader markets, while haven assets were bid for.The spread of the Covid-19 pandemic is becoming polarized on a regional basis......this could threaten the global recovery and travelTension rises on Russia-Ukraine border Base...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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...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
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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.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
The spot ferro-chrome market in China continued its downward trend in the week to Tuesday April 20, despite some newly implemented production cuts in southern parts of the country.Following Inner Mongolia's energy cuts, a couple of other regions issued notices about dual control of energy consumption and intensity in the past week.Some smelters in Guangxi province were heard to have idled their fu...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday April 21. Key driversThe ferro-titanium market drops to its lowest price level since early-January due to a slow demand, with some suppliers accepting weaker offer prices. Busier trading into the United States and Asia and firm scrap prices stemmed steeper losses, sources said.The market is seen finely...Read More
Aluminium prices on the London Metal Exchange set fresh multi-year highs on Wednesday April 21, while copper and tin shied away from previous highs, and the rest remain rangebound this morning.* India reported 315,000 new Covid-19 infections on Wednesday* Haven assets on the riseBase metalsLME three-month base metals prices were down across the board by an average of 0.4% this morning, but volume...Read More
Danaher (DHR), an S&P 100 stock moved above $248.62 to an all-time high extending an intermediate uptrend.Visa (V), a Dow Jones Industrial Average stock moved above $248.62 to an all-time high extending an intermediate uptrend. AT&T (T), an S&P 100 stock moved above $31.81 and $30.99 resuming an intermediate uptrend.Pre-opening Comments for Thursday April 22ndU.S. equity index futures...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 20 that are worth another look.Brazilian steelmaker Gerdau will invest around 1 billion Reais ($179 million) to modernize and expand production capacity at its special steel division in Brazil amid an expected recovery in demand from both the automotive and capital goods industries,...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 20.Please click...Read More
The price of nickel was $16,038 per tonne at the close of trading at 5pm on Tuesday, its lowest closing price for three weeks, while most other futures prices on the London Metal Exchange also fell off their recent gains on Tuesday April 20.Nickel's three-month price was down by 0.5% from Monday's closing price of $16,121 per tonne, and at its lowest since March 31, when it closed at $16,068 per t...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 20 that are worth another look.Brazilian steelmaker Gerdau will invest around 1 billion Reais ($179 million) to modernize and expand production capacity at its special steel division in Brazil amid an expected recovery in demand from both the automotive and capital goods industries,...Read More