Key data from Fastmarkets' pricing session in Europe on Wednesday March 24. Key drivers Ferro-titanium spot market activity was minimal while negotiations begin for second-quarter supply.Steelmakers in Europe issue almost 600 tonnes of bids for ferro-titanium to be delivered between April and June, according to alloy suppliers. More tenders expected in the coming days, with some seen agreed befor...Read More
Minor metals prices have rebounded in the first quarter of 2021 after a year when the Covid-19 pandemic stifled trade and demand visibility. Fastmarkets highlights the key drivers behind the recent price moves. Strong demand from China China's economy began to restart last year far ahead of the rest of the world, which was still feeling the economic impact of Covid-19 shutdowns. Stimulus measures...Read More
Nike dropped below $129.19 to $127.32 extending an intermediate downtrend after China announced a sales boycott of its products.Darden Restaurants advanced $3.84 to $137.77 after announcing higher than consensus fiscal third quarter sales and earnings. The company also announced an additional share purchase program and offered positive fiscal fourth quarter sales and earnings guidance. Rite Aid pl...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More
An imbalance between supply and demand and the increases in freight costs boosted global aluminium premiums in the week to Tuesday March 23, with the Rotterdam duty-unpaid price at a multi-year high and the United States Midwest premium reaching its highest since October 2018.Swift increase in Rotterdam amid bullish spot marketUS Midwest continues to rise on tight supplySouth Korea premium chases...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 23.Please click...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More
An overview of the chrome ore and alloy markets on Tuesday March 23 and their latest price moves.Europe The announcement of a 32% increase in the European ferro-chrome benchmark for the second quarter is supporting ferro-chrome prices.Prices in the high-carbon ferro-chrome markets narrowed upward amid ongoing tight supplies, which resulted in higher offer prices.The softening of China's domestic f...Read More
Aluminium consumers are stepping up demand for products that allow them to reduce their carbon footprint via metal produced using low emissions, the chief commercial officer of Alcoa Corp said. Tim Reyes, who is also executive vice president of the United States-based producer, said that the company's recent deal to supply a combination of low- and zero-carbon aluminium to produce the wheels on Au...Read More
Alcoa Corp is supplying low- and zero-carbon aluminium for the wheels on carmaker Audi's e-tron GT, which will make it the first vehicle to use metal from its Elysis joint venture.The wheels are being manufactured by Ronal Group using a combination of Alcoa's low-carbon aluminium, EcoLum, and metal produced using the Elysis zero-carbon emissions smelting technology. Elysis - a joint venture betwee...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More
China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC).Fastmarkets summarizes five key targets under the new five-year plan that are likely to underpin corres...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More
Ferrous scrap prices in Mexico went up another level in the week ended Friday March 19, amid a continuing rally in prime scrap values.Demand for prime grades of scrap continued to rise during the week, with sellers being successful in getting better deals. Price increases from the previous week came into full effect, and there were also reports of fresh price rises from some steelmakers in both th...Read More
Turkish steelmakers have continued to hold back from the deep-sea scrap import markets after the unexpected sacking last weekend of the governor of the country's central bank, which caused a sharp decrease in the exchange-rate value of the lira, market sources said on Tuesday March 23.The Turkish lira crashed at the beginning of the week following the sudden decision by President Recep Tayyip Erdo...Read More
A summary of China Molybdenum Co's annual report filed to the Shanghai Stock Exchange on Tuesday March 23.In briefRevenue for mining and processing business totaled 18.48 billion yuan ($2.84 billion), down by 4.06% year on year.Revenue for molybdenum and tungsten segment amounted to 3.55 billion yuan, down by 21.19% from previous year, due to...Read More
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange, as well as spot precious metals prices, were mainly weaker this morning, Tuesday March 23, as were broader markets.Markets looking more nervous after concerted Western government sanctions on China have raised geopolitical tension.Europe braces for further Covid-19 lockdownsBase metals LME three-month base meta...Read More
A summary of China's battery raw materials exports for the first two months of 2021.In briefLithium carbonate exports decreased in January-February in a year-on-year comparison with the early months of 2020, with tight domestic supply from most producers and no great improvement in overseas demand.Read More
A summary of China's battery raw materials imports for the first two months of 2021.In briefImports of cobalt metal rose sharply year-on-year early in 2021, with the second round of stockpiling by China's State Reserve Bureau elevating the domestic price of metal in the first two months of the year, triggering a robust import appetite in the country for the blue metal.Imports of cobalt intermediat...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 23 that are worth another look.China released its 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 on March 12 following the annual meetings of the National People's Congress...Read More