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 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 grade, in-whs Rotterdam, $/lb at 29.00-29.90 on Wednesday November 17, 2021....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...Read More
Global steel prices were likely to soften further at the end of 2021 because of lower raw material prices and uncertain market sentiment, panelists said on Monday November 15 during Fastmarkets' International Ferro-alloys Conference in Prague.In the middle of 2021, global steel prices reached a level not seen since the global financial crisis in 2008, after which there was a long-lasting downtrend...Read More
Domestic stainless steel prices in China maintained their downward trend for the week ended Wednesday November 17 due to soft demand.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 18,800-19,000 ($2,942-2,974) per tonne, down by 500 yuan per tonne from a week earlier.Downstream industries performed poorly, leading to lower stainless steel demand.Market sentiment became bear...Read More
The European Commission (EC) has proposed a revamp of the EU waste shipment rules under which the export of its metal scrap to nations not belonging to the Organisation for Economic Co-operation and Development (OECD) group would face significant restrictions, it said on Wednesday November 17.Wednesday's proposed shake-up will need to pass through the EU's lawmaking process, including both the Eur...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade.U.S. equity index futures were quiet prior to release of the November Philly Fed Index at 8:30 AM EST. Consensus is a decline to 22.0 from 23.8 in October.Nvidia advanced $14.69 to $307.30 after the company reported higher than consensus quarterly sales and earnings. Cisco dropped $2.81 t...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
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
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
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
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
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
Although ferro-alloy prices have sharply climbed, steelmakers are unlikely to reduce their consumption of these raw materials given the small share of steel production costs it accounts for and the likelihood that prices will move down in the near-term, panelists said on Monday November 16 during Fastmarkets' International Ferro-alloys Conference.During the session titled "Steel Mill Panel Discuss...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
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
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
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
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