A correction has been issued for this article.The...Read More
Iron ore prices were largely rangebound on Wednesday March 10 in a more stable market following the steep plunge on Tuesday, with the lower prices attracting some buying interest but overall demand is suppressed due to continued environmental restrictions in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $164.67 per tonne, up $0.26 per tonne 62% Fe low-alumina fines, cfr Qingdao: $...Read More
China's domestic hot-rolled coil prices further fell on Wednesday March 10 amid a subdued futures market despite a drop in inventory levels over the past week.DomesticEastern China (Shanghai): 4,830-4,850 yuan ($741-745) per tonne, down 20-110 yuan per tonneA Shanghai-based trader said trading activity was moderate during the day Wednesday after sellers lowered prices.He said spot sellers had to k...Read More
LME copper rebounded after a 2.4% fall, while tin's price increased by more than $500 per tonne on the morning of Wednesday March 10, with a stable US Dollar Index and volatile equity markets keeping the other base metals in consolidation mode. The CSI Index, which measures performance of the top 300 stocks traded on the Shanghai Stock Exchange, was down 2% on Tuesday, while the Nasdaq gained more...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila...Read More
The United States' transition to new energy will require increased domestic mineral production, Energy Secretary Jennifer Granholm said on Tuesday March 9."Many parts of the country are sitting on top of the materials that we need to produce battery technologies," Granholm said during a webinar hosted by renewable advocacy group Securing America's Future Energy. Granholm said that there would be "...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday March 10.Key drivers Ferro-titanium deals for relatively small tonnages were reported within the range as suppliers awaited the full return of consumers in the steel sector for second quarter deliveries. The alloy market must go up in terms of prices in the near term if new scrap offer prices are achieved in the coming weeks, accord...Read More
Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period from January 18 to Monday March 8.March 8South African manganese ore supply reductions are starting to become more obvious to the market after severe rains between December 2020 and February 2021 caused serious flooding, which halted some production and damaged rail...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...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 Rotterdam, $/lb...Read More
The Indian silico-manganese export market should cement recent price gains that have pushed up the high end of the range to a level last seen in April 2018 on firm domestic fundamentals that are influencing exporter offer prices, industry sources told Fastmarkets.Indian trade sources said firm domestic demand has encouraged higher export offer prices to customers in Southeast Asia, the Middle East...Read More
Coal exports from Australia's Queensland state remained in a downtrend in February, falling by 7% on the year and dropping by 5% month on month, according to data from the North Queensland Bulk Ports Corp and Gladstone Ports Corp.Queensland, Australia's metallurgical coal hub, exported 15.47 million tonnes of coal - including small volumes of thermal coal - last month, compared with 16.65 million...Read More
South Africa iShares (EZA) moved above $49.55 extending an intermediate uptrend.Fiserv (FISV), a NASDAQ 100 stock moved above $125.05 to an all-time highOracle dropped $6.57 to $65.55 despite reporting higher than consensus third quarter revenues and earnings. However, cloud revenues were lower than previous guidance.Linamar (LMN) advanced $8.39 to $88.40 after reporting higher than consensus four...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 9 that are worth another look.Canada's coking coal exports to China increased by a fifth in 2020 amid a "verbal ban" imposed by Chinese authorities on cargoes from Australia late last year.Trafigura's warehousing and...Read More
Trafigura's warehousing and logistics arm, Impala Terminals, has launched a certified carbon-neutral freight service allowing its customers to offset their indirect greenhouse gas (GHG) emissions by financing carbon projects worldwide.The service will show its clients the indirect 'Scope 3' GHG emissions (as defined in the globally accepted GHG Protocol) generated by the transportation of their sh...Read More
The futures price of tin on the London Metal Exchange moved up by more than $200 per tonne on Tuesday March 9, while the rest of the base-metals complex closed at lower numbers, with nickel and copper seeing further sales during the latter part of trading with consolidation continuing.Tin's price rose by 0.5% on Tuesday to $24,435 per tonne at the close, from Monday's closing price of $24,325 per...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 9 that are worth another look.Canada's coking coal exports to China increased by a fifth in 2020 amid a "verbal ban" imposed by Chinese authorities on cargoes from Australia late last year.Trafigura's warehousing and...Read More
ElementUS, a joint venture to extract rare earth elements and minerals from bauxite residue, has received a financing inducement from the US state of Louisiana that will take it a step closer to constructing its facility there.The company is owned by DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa. It plans to build a 1-million-tonne-pe...Read More
An overview of the chrome ore and alloy markets on Tuesday March 9 and their latest price moves.China Domestic spot ferro-chrome prices nudged downward on sluggish buying activity from downstream, amid weakened stainless steel prices. Meanwhile, suppliers that had previously held back from the spot market were willing to sell when March tender prices were seen higher than February's. This was the...Read More