Swiss packaging company Aluflexpack has achieved Aluminium Stewardship Initiative (ASI) Performance Standard Certification at its Drni?? production site in Croatia, and also Chain of Custody (CoC) Standard Certification at both Drni?? and Einsiesdeln in Switzerland, it was announced on Monday November 8.The company provides "flexible packaging" solutions for a number of international brands across...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.U.S. equity index futures were virtually unchanged following release of the October Producer Price Index at 8:30 AM EDT. Consensus calls for an increase of 0.6% versus a gain of 0.5% in September. Actual was an increase of 0.6%. Excluding food and energy, consensus was an increase of 0.5% ver...Read More
The export market for steel slab from the Commonwealth of Independent States (CIS) region was quiet in the week to Monday November 8.Mills mainly held back from placing new offers, preferring to assess the market conditions, so no fresh deals were heard done.Meanwhile, the situation in the global market was mixed.In Europe, plate producers, which are the main consumers of CIS-origin slab in the re...Read More
The domestic market for hot-rolled coil in Europe remained quiet on Monday November 8, with prices showing little change, sources told Fastmarkets.Producers were, however, looking to achieve higher prices for the first quarter of 2022 because of the surging costs for raw materials, transport and energy.Expected restocking activity at distributors was also supporting market sentiment. Notably, seve...Read More
Chinese battery materials producer Huayou Cobalt has signed a cooperation framework agreement with Shanghai-listed Hubei Xingfa Chemicals Group Co Ltd to produce the raw materials for lithium iron phosphate (LFP) batteries.On Sunday November 7, Huayou Cobalt announced that the two companies will work together to build an integrated system that incorporates the selection and mining of phosphate ore...Read More
The latest data for the global manganese ore market for the week ending November 8, 2021.Read More
(Recasts, updates prices) By Pratima Desai LONDON, Nov 8 (Reuters) - Copper prices rose on Monday asstrong export growth data from top consumer China, fallinginventories and the passing of a $1 trillion U.S. infrastructurebill boosted sentiment, though gains were capped by concern overChinese demand. Benchmark copper on the London Metal Exchange (LME)was up 1.2% at $9,637 a tonne at 1658 GMT. The...Read More
Steel prices in the United States are poised to continue decreasing at a slow pace in the coming months, Luxembourg-based steelmaker Ternium said on Wednesday November 3.Supply and demand fundamentals have started to normalize in the country, but remain far from balance, according to Ternium chief executive officer M??ximo Vedoya.Among the drivers for lower prices, the CEO cited capacity usage in...Read More
Here are five Fastmarkets stories you might have missed on Friday November 5 that are worth another look.ArcelorMittal will suspend production as its Sestao plant in Spain until early 2022 to carry out upgrade works to double capacity, a company representative told Fastmarkets.Low-carbon...Read More
Here are five Fastmarkets stories you might have missed on Friday November 5 that are worth another look.ArcelorMittal will suspend production as its Sestao plant in Spain until early 2022 to carry out upgrade works to double capacity, a company representative told Fastmarkets.Low-carbon...Read More
The north China steel production hub of Handan city in Hebei province has implemented stricter production cuts at steel mills from Monday November 1 to November 7.The move has been made is to mitigate weather-influenced air pollution over the period and comes just after the city finished implmenting steel production curbs in September and October to limit the crude steel output in line with China'...Read More
Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More
Sellers of physical copper are holding out for a higher premium for 2022 contracts in the United States.No major deals were reported by the end of the American Copper Council (ACC) fall meeting in Miami, Florida this past week, although there was talk of a US copper premium in the 10-cents-per-lb range.In the US, Fastmarkets assessed the copper grade 1 cathode premium, ddp Midwest US at 8-9 cents...Read More
Zinc producers in China's southwestern province of Yunnan should be able to fully resume their operations by mid-June, sources said.Yunnan will remove its power restrictions by the end of June that have stunted local zinc output, the provincial energy bureau said.A few zinc smelters in Yunnan have already resumed production, however, sources that spoke to Fastmarkets said.Production capa...Read More
Here are five Fastmarkets stories you might have missed on Friday November 5 that are worth another look.ArcelorMittal will suspend production as its Sestao plant in Spain until early 2022 to carry out upgrade works to double capacity, a company representative told Fastmarkets.Low-carbon...Read More
Here are five Fastmarkets stories you might have missed on Friday November 5 that are worth another look.ArcelorMittal will suspend production as its Sestao plant in Spain until early 2022 to carry out upgrade works to double capacity, a company representative told Fastmarkets.Low-carbon...Read More
Here are five Fastmarkets stories you might have missed on Friday November 5 that are worth another look.ArcelorMittal will suspend production as its Sestao plant in Spain until early 2022 to carry out upgrade works to double capacity, a company representative told Fastmarkets.Low-carbon...Read More
European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.The report, "Steeling for Net Zero," by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must...Read More
Major companies in logistics and heavy industry have come together as part of an initiative launched by the World Economic Forum at the the 2021 United Nations Climate Change Conference - COP26 - in Glasgow to create a critical mass of demand for low carbon technologies aimed at decarbonising heavily polluting sectors.The First Movers Coalition, announced on November 4, is a partnership between th...Read More
The three-month copper contract is trading near record highs on the London Metal Exchange, cash prices are rising even faster, and inventories are descending toward zero. Try running a hedge book in those conditions.It's been a very real quandary facing the physical trade and industry, which awoke on Tuesday October 19 to find copper's cash to November spread had flared to a backwardation of more...Read More