Base Metal Stock Articles

IN CASE YOU MISSED IT: 5 key stories from January 20

January 21, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday January 20 that are worth another look.Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port...Read More

US hot-rolled coil index stumbles, but dynamics the same

January 21, 2021 / Staff reporter

Hot-rolled coil prices in the United States dipped despite buyers still struggling to find spot tons at competitive prices. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.08 per hundredweight ($1,121.60 per short ton) on Wednesday January 20, down by 1.37% from $56.86 per cwt the previous day but 3.12% higher than $54.38 per cwt a week ago. Inputs were collected...Read More

Vale says iron ore sales unaffected by fire in port terminal

January 21, 2021 / Staff reporter

Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port terminal last week, in the country's northern Maranh??o state.The terminal caught fire on Thursday January 14, but the accident was contained with no victims or environmental damage, according to the miner. The company is investigating the causes of the incident, it a...Read More

Cobalt metal prices close to 2-year highs as Europe, US consumers return

January 21, 2021 / Staff reporter

The price of standard-grade cobalt has hit a fresh high, reaching numbers not seen in nearly two years after non-Chinese consumers stepped into the market in the week to Wednesday January 20, with enough strength to help a two-week price rally continue after buying interest from China dipped.Trading volumes were now at "normal" levels, according to one trader, after two weeks of furious activity w...Read More

IN CASE YOU MISSED IT: 5 key stories from January 20

January 21, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday January 20 that are worth another look.Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port...Read More

FERROUS ANALYTICS: Runaway raw materials prices cut scrap premiums over hot metal

January 21, 2021 / Staff reporter

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More

LIVE FUTURES REPORT 20/01: Tin up 2%, copper above $8,000 as Biden administration begins

January 21, 2021 / Staff reporter

The price of tin rose by more than 2% and copper rose to more than $8,000 per tonne on Wednesday January 20, with the London Metal Exchange base-metals complex bullish at the start of the Biden presidential administration in the United States."Risk sentiment was positively skewed on January 20 on the official inauguration of the newly elected President of the United States, Joe Biden," Fastmarkets...Read More

'Inevitable' LME ring closure sad but date structure is key benefit, market says

January 21, 2021 / Staff reporter

The London Metal Exchange's trading ring no longer serves an "irreplaceable function" and its permanent closure is inevitable, market participants have told Fastmarkets.But despite the possibility of losing the ring, the LME will still have a unique - and important - selling point, they said: its daily prompt date structure."On a personal front, it will be sad to see the trading floor sh...Read More

COKING COAL DAILY: Premium fob price jumps up

January 21, 2021 / Staff reporter

The premium hard coking coal fob price jumped on Wednesday January 20 following two transactions sealed at higher prices while Russian low-volatility pulverized coal injection (PCI) cfr price hiked, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $132.25 per tonne, up $8.44 per tonnePremium hard coking coal, cfr Jingtang: $208.44 per tonne, unchangedHard coking coal, fob DBCT:...Read More

EUROPE HRC: Trading activity slows as nervous buyers hold back

January 21, 2021 / Staff reporter

Activity in the European market for hot-rolled coil was slow over the week to Wednesday January 20 with buyers holding back from making deals, sources have told Fastmarkets.Buyers have been cautious about deals due to long lead times and high transaction prices, and risks related to an expected price decrease, market sources said."Buyers are cautious due to the very high prices reached," an Italia...Read More

LIVE FUTURES REPORT 20/01: Tin up 2%, copper above $8,000 as Biden administration begins

January 21, 2021 / Staff reporter

The price of tin rose by more than 2% and copper rose to more than $8,000 per tonne on Wednesday January 20, with the London Metal Exchange base-metals complex bullish at the start of the Biden presidential administration in the United States."Risk sentiment was positively skewed on January 20 on the official inauguration of the newly elected President of the United States, Joe Biden," Fastmarkets...Read More

BASE METALS WARRANT REPORT 20/01

January 21, 2021 / Staff reporter

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 20.Please click...Read More

GLOBAL NICKEL WRAP: Premiums edge up in China near holidays, hold in the US and Europe

January 21, 2021 / Staff reporter

Shanghai nickel plate premiums gained ahead of an expected lull before the Chinese New Year, while sellers in the United States eyed possible briquette premium increases in the week to Tuesday January 19. Anticipated arbitrage gains boost Chinese premiums. US briquette business reported across the range, keeping premium steady. Europe sellers see price correction imminent. China nickel p...Read More

'Inevitable' LME ring closure sad but date structure is key benefit, market says

January 21, 2021 / Staff reporter

The London Metal Exchange's trading ring no longer serves an "irreplaceable function" and its permanent closure is inevitable, market participants have told Fastmarkets.But despite the possibility of losing the ring, the LME will still have a unique - and important - selling point, they said: its daily prompt date structure."On a personal front, it will be sad to see the trading floor sh...Read More

GLOBAL ZINC & LEAD WRAP: US lead premiums rise on supply shortage; Gravita inks deal in India

January 21, 2021 / Staff reporter

Lead premiums in the United States continue to firm on supply shortages and consistent demand, while big deals being done in Indian and European markets are also starting to pick up, sources said.US lead premium hits an over three-year highGravita seals deal in IndiaEuropean physical zinc market fires upUS lead premium most since 2016, zinc premium holdsIn the United States, the 99.97% lead ingot...Read More

Germany's Audi becomes first OEM to gain certification for responsible aluminium sourcing

January 21, 2021 / Staff reporter

German automaker Audi has gained recognition for its sustainable and responsible sourcing of aluminium by attaining the Aluminium Stewardship Initiative (ASI) "Chain of Custody Standard" (CoC). The certification applies to Audi's press-shop operations at two auto body plants in Germany - at Neckarsulm and Ingolstadt. The two plants produce automotive body parts&n...Read More

AT A GLANCE: BHP revises copper guidance for FY2021; other base metals unchanged

January 21, 2021 / Staff reporter

A summary of BHP's operational review for base metals in the first half of its financial year ended December 2020, released on Wednesday January 20. In brief  Copper output was down by 5% year on year in the first half, while second-quarter production (October-December) was 4% higher than in the September quarter at 428,100 tonnes. Copper output guidance for the 2021 financial year was r...Read More

Italy's crude steel output down 12% in 2020

January 21, 2021 / Staff reporter

Crude steel output in Italy declined by 12.2% year-on-year in 2020, despite a double-digit increase in December, Italian steel association Federacciai said on Wednesday January 20.The country's total crude steel production amounted to 20.35 million tonnes in 2020, down from from about 23.19 million tonnes in 2019.Long steel output declined by 9.5%, to 11.16 million tonnes, down from 12.33 million...Read More

EUROPE PLATE: Domestic mills continue to push offers upward

January 21, 2021 / Staff reporter

Producers across Europe have continued to increase their domestic offer prices for heavy steel plate despite the slow recovery of demand, market sources told Fastmarkets on Wednesday January 20.Buying activity has started to recover since the year-end holidays across Europe. Market sources, however, questioned whether demand would become strong enough to support the price rise sought by producers....Read More

SOUTHERN EUROPE WIRE ROD: Prices stay high; supply tightness supports

January 21, 2021 / Staff reporter

The domestic price for steel mesh-quality wire rod in Southern Europe was generally stable in a week to Wednesday, with buying activity reported to have slowed because of an unclear trend in the scrap market, sources told Fastmarkets on January 20....Read More

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