The cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...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...Read More
The cobalt alloy 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....Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More
It has been almost one year since the start of the Covid-19 outbreak and global economies are still recovering from the fallout. Fastmarkets analyzes the effects of the pandemic on global cobalt supply and trade flows.Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 2. Key drivers The ferro-titanium jumped to a peak last seen in September 2018 amid a jump in renewed demand from steel mills.Steelmakers have been looking for ferro-titanium both on a spot basis and for shipment out as far as the early second quarter of 2021, suppliers say....Read More
The market for UG2 chrome ore in China fell in the week ended Tuesday December 1 after stainless steel mill Tsingshan lowered its ferro-chrome tender price for December delivery.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, fell for the fourth consecutive week to $131 per tonne on Tuesday, down by $2 per tonne (1.5%) from $133 per tonne the preceding week. The...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While much commentary has been written about Asian economies performing far better than those elsewhere this year during the global Covid-19 pandemic, it is stainless steel markets in Europe and the United States that are ending the year in better shape than their Asian counterparts.We do not talk of demand levels or demand g...Read More
With European scrap metal supply still falling short of pre-Covid-19 levels, the "high-volume, low-margins" model adopted by giant recyclers could be out-of-date, industry executives said."Due to Covid-19-led lockdowns, we were at 30% of the normal capacity back then, now we are probably back to three-quarters but actual supply of copper scrap is not actually as high as it was," said Susie Burrage...Read More
Liberty Steel Group's move to acquire the steel unit of German industrial conglomerate Thyssenkrupp has moved to the due diligence phase, the UK-based steel company told Fastmarkets on Wednesday, December 2. "Thyssenkrupp and Liberty Steel Group have agreed to enter a further process phase. Liberty Steel will shortly begin detailed due diligence and thus gain insight into key business data [o...Read More
The domestic Northern Europe steel wire rod price soared over the week to Wednesday December 2, pushed up by long lead times and good buying appetite. Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe rose to ?,?540-550 ($648-660) per tonne on Wednesday, up by ?,?40-50 per tonne from ?,?500 per tonne a week earlier. The assessment is b...Read More
Splunk (SPLK), a NASDAQ 100 stock moved below $171.07 setting an intermediate downtrend.Natural Gas ETN (UNG) moved below $9.62 and $9.39 extending an intermediate downtrend.Nike (NKE), a Dow Jones Industrial Average stock moved above $136.35 to an all-time high extending an intermediate uptrend. Cameco (CCO), a TSX 60 stock moved above $13.39 completing a base building pattern. Pre-opening...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 1 that are worth another look.The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's...Read More
Goldman Sachs has predicted that copper's remarkable price surge is set to continue next year and could break records because of resurgent demand and capped supplies.Analysts led by Nicholas Snowdon project a 12-month price target of $9,500 per tonne next year, up from a $7,500 per tonne projection previously, with a 2021 average price forecast of $8,625 per tonne."This current price strength is n...Read More
The London Metal Exchange three-month aluminium, copper and nickel prices extended their rallies on Tuesday December 1, setting new year-to-date highs in the final month of 2020 with a low dollar index continuing to provide tailwinds to the prices. Copper's three-month price rose for a sixth straight day on Tuesday at 5pm, up by 1.5% to $7,694.50 per tonne from Monday's closing price of $7,580 per...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 1 that are worth another look.The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 1 that are worth another look.The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's...Read More
The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's oldest Aboriginal heritage sites, a director of the International Council On Mining And Metals (ICMM) has said.According to Nicky Black, at least three key principles must be in place from the outset: robust management s...Read More
An overview of the chrome ore and alloy markets and their latest price moves.China The UG2 chrome ore price fell again after Tsingshan's lower December ferro-chrome tender price dampened market sentiment. Buyers made aggressive bids amid high port inventories and a bearish market outlook. Domestic spot ferro-chrome prices...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 1 that are worth another look.The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's...Read More