Base Metal Stock Articles

IN CASE YOU MISSED IT: 5 key stories from March 29

March 30, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More

Ambatovy to restart production of cobalt briquettes 'imminently'

March 30, 2021 / Staff reporter

Ambatovy will soon resume cobalt production following the restart of its nickel operations and after a year's absence, a spokesperson for the joint venture in Madagascar told Fastmarkets on Monday March 29. The company announced the restart of its nickel production on networking website LinkedIn on Friday. "After a shutdown of approximately one year due to health and safety considerations rel...Read More

FOCUS: Asia to be hit by 'steel tsunami' very soon

March 30, 2021 / Staff reporter

Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More

MORNING VIEW: Base metals prices mixed regionally; cross currents flowing through broader markets

March 30, 2021 / Staff reporter

Base metals prices on the London Metal Exchange were mainly lower this morning, Monday March 29, but those on the Shanghai Futures Exchange were stronger across the board while they reacted to Friday's LME performance. Market focused on further potential fallout from troubled hedge fund after a mass liquidation on FridayEver Given ship re-floated in Suez CanalUnited States President Joe Biden expe...Read More

First Cobalt signs five-year cobalt sulfate deal with Stratton

March 30, 2021 / Staff reporter

First Cobalt has entered a five-year offtake agreement for Stratton Metals Resources to market cobalt sulfate from its refinery in Ontario, Canada, it said on Monday March 29. The "flexible long-term" deal will permit First Cobalt to also sign offtake agreements with automotive original equipment manufacturers (OEMs), which could reduce the volumes sold to Stratton, according to the press release....Read More

Ambatovy to restart production of cobalt briquettes 'imminently'

March 30, 2021 / Staff reporter

Ambatovy will soon resume cobalt production following the restart of its nickel operations and after a year's absence, a spokesperson for the joint venture in Madagascar told Fastmarkets on Monday March 29. The company announced the restart of its nickel production on networking website LinkedIn on Friday. "After a shutdown of approximately one year due to health and safety considerations rel...Read More

CHINA COBALT SNAPSHOT: Rising futures support metal prices despite thin buying, sulfate still under pressure in slow market

March 30, 2021 / Staff reporter

Key data from Fastmarkets' pricing session in China on Friday March 26.Key drivers China's cobalt metal prices moved up amid rising local futures prices. Spot demand remained thin, with buyers cautious about accepting higher prices.Chinese cobalt tetroxide prices were rangebound at current levels amid a continued bid-offer stalemate....Read More

IN CASE YOU MISSED IT: 5 key stories from March 29

March 30, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More

EUROPE HRC WRAP: New multi-year high for Northern EU domestic price

March 30, 2021 / Staff reporter

Domestic prices for steel hot-rolled coil increased substantially across Europe over the week to Friday March 26 while transaction prices in Northern Europe have reached a new multi-year high.Following a rise in transaction prices, ArcelorMittal pushed its official offers for HRC to ?,?900 ($1,061) per tonne ex-works, an increase of ?,?50 per tonne over its previous offers in Northern Europe, and...Read More

RUSSIA FLAT STEEL: HR sheet prices move further up on good buying, strong exports

March 30, 2021 / Staff reporter

Domestic hot-rolled sheet prices in Russia's Central Federal District around Moscow moved up in the week to Monday March 29, supported by improving buying activity and rising export prices, sources told Fastmarkets.Hot-rolled sheetBuying activity in the region has continued to pick up over the past week amid a seasonal improvement in end-user demand, restocking, sources said.Official domestic offe...Read More

CIS LONG STEEL: Prices soften amid increased competition

March 30, 2021 / Staff reporter

CIS producers of steel rebar and wire rod have continued to give discounts to foreign customers amid increased competition, particularly with Turkish suppliers, which reduced prices in the week ended March 26 amid falling scrap costs and a depreciation of the Turkish lira.Wire rod offers from Russia were heard on Monday March 29 within the range of $670-685 per tonne fob Black Sea, depending on su...Read More

RUSSIA REBAR: Prices keep rising on renewed construction activity

March 30, 2021 / Staff reporter

Domestic prices for steel rebar in Russia's Central Federal District around Moscow increased again over the past week, driven by improving demand, sources told Fastmarkets on Monday March 29.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 53,000-54,000 roubles ($699-712) per tonne, including 20% value-added tax, on March 29. This was up by 1,000-2...Read More

FOCUS: Asia to be hit by 'steel tsunami' very soon

March 30, 2021 / Staff reporter

Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More

IN CASE YOU MISSED IT: 5 key stories from March 29

March 30, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More

Cadence Minerals begins shipping from Brazilian iron ore project

March 30, 2021 / Staff reporter

Cadence Minerals has started the shipment of iron ore from stockpiles at its joint venture Dev Minera????o's, in Brazil's northern Amap?? state, the company said on Monday March 29.The shipment, which is the first since the site was closed in 2015, is for 45,000 tonnes of iron ore that due to sail this week. Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao was calculate...Read More

FOCUS: Asia to be hit by 'steel tsunami' very soon

March 30, 2021 / Staff reporter

Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More

FOCUS: Asia to be hit by 'steel tsunami' very soon

March 30, 2021 / Staff reporter

Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More

Europe FeSi suppliers target ?,?1,600 per tonne near term

March 30, 2021 / Staff reporter

In Europe, ferro-silicon suppliers will be targeting ?,?1,600 per tonne in the next few weeks after the market hit ?,?1,550 ($1,828) per tonne on Friday March 26 for the first time since April 2018 in a recent resumption of a longer-term uptrend since last August when prices were as low as ?,?860 per tonne, sources said.Producers are almost all sold out for deliveries between April and June and ar...Read More

Cadence Minerals begins shipping from Brazilian iron ore project

March 30, 2021 / Staff reporter

Cadence Minerals has started the shipment of iron ore from stockpiles at its joint venture Dev Minera????o's, in Brazil's northern Amap?? state, the company said on Monday March 29.The shipment, which is the first since the site was closed in 2015, is for 45,000 tonnes of iron ore that due to sail this week. Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao was calculate...Read More

IN CASE YOU MISSED IT: 5 key stories from March 29

March 30, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More

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