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,...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 European Commission (EC) will not impose provisional anti-subsidy measures on imports of stainless steel cold-rolled flat products from India and Indonesia, it said on Tuesday October 19.The anti-subsidy investigation, which opened on February 17 this year, is continuing, the commission said.Definitive measures, in any, are scheduled to be...Read More
Mexico's Altos Hornos de M?(C)xico (Ahmsa) is considering seeking Chapter 11 bankruptcy protection for its Minera del Norte thermal coal subsidiary, after a Mexican commission canceled state supply contracts, the company said on Thursday October 21.Minera del Norte - also known as Minosa - is a wholly-owned subsidiary of the Mexican steelmaker and has the capacity to produce 6.6 million tonnes per...Read More
A summary of China's minor metals exports and imports for September 2021Exports In brief ?EUR?China's export of antimony continued to increase in September. The Netherlands remained the biggest buyer of Chinese antimony with 582,946 tonnes of import. The rest of China's exports went mainly to Japan, South Korea and the United States. ?EUR?China's import of selenium dropped...Read More
Large volumes of steel billet position cargoes held by traders have been offered at lower prices to buyers in Southeast Asia in recent days amid China's continued price decline, sources told Fastmarkets.Closures at Chinese rerolling mills amid power rationing and environmental measures, together with spiraling ferrous futures markets, have badly damaged steel billet demand in the country this week...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 21 that are worth another look.Rio Tinto will invest $7.5 billion to reduce emissions and meet its carbon targets earlier than planned, the company announced on Wednesday September 20.The government of the United...Read More
The government of the United Kingdom plans to set up an expert committee on critical minerals to provide independent advice on the scope and content of a critical minerals strategy to meet the country's net-zero carbon emissions targets, it said.In a move designed to guide investment decisions, the government also plans to update the country's critical minerals list, which details materials that a...Read More
Base metal prices on the London Metal Exchange were down across the board at the 5pm close of trading on Thursday October 21, with market participants beginning to sell off material following the recent price rally.The three-month aluminium price fell by 5.2% to $2,910 per tonne on Thursday, down from $3,069.50 per tonne at Wednesday's 5pm close after trading in large volumes and more than 34,180...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 21 that are worth another look.Rio Tinto will invest $7.5 billion to reduce emissions and meet its carbon targets earlier than planned, the company announced on Wednesday September 20.The government of the United...Read More
The government of the United Kingdom plans to set up an expert committee on critical minerals to provide independent advice on the scope and content of a critical minerals strategy to meet the country's net-zero carbon emissions targets, it said.In a move designed to guide investment decisions, the government also plans to update the country's critical minerals list, which details materials that a...Read More
A top European pension fund has sold its interest in Swiss commodity trader and miner Glencore, citing sustainability risks, including cobalt production in Africa. A major global pension fund, ABP announced that it has sold its shares in mining/trading firm Glencore on Friday October 15. "ABP has sold its interest in Glencore. The mining company faces...Read More
Domestic alumina prices in China continued to climb in the week to Thursday October 21, with new transactions being made on an as-needed basis, Fastmarkets has heard.Fastmarkets' weekly price assessment for alumina, metallurgical grade, exw China, was 3,900-4,150 yuan ($610-649) per tonne on Thursday, up by 100-150 yuan per tonne from 3,800-4,000 yuan last week.Alumina prices have now reached a 13...Read More
Nickel prices on the Shanghai Futures Exchange shot up to an all-time high during morning trading on Thursday October 21 amid a possible export ban on raw materials by Indonesia, among other bullish market dynamics.SHFE nickel was trading at 160,300 yuan ($25,071) per tonne at 11.30am Shanghai time, up by 10,720 yuan per tonne (7.17%) from a closing price of 149,580 yuan per tonne on Wednesday.Ind...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 21 that are worth another look.Rio Tinto will invest $7.5 billion to reduce emissions and meet its carbon targets earlier than planned, the company announced on Wednesday September 20.The government of the United...Read More
The government of the United Kingdom plans to set up an expert committee on critical minerals to provide independent advice on the scope and content of a critical minerals strategy to meet the country's net-zero carbon emissions targets, it said.In a move designed to guide investment decisions, the government also plans to update the country's critical minerals list, which details materials that a...Read More
Turkish steel mills have continued their deep-sea scrap bookings with two Venezuelan cargoes, market participants told Fastmarkets on Thursday October 21.A steel mill in the Iskenderun region booked a Venezuelan cargo consisting of 25,000 tonnes of HMS 1&2 (80:20) at $505 per tonne cfr late on Wednesday October 20. The cargo was scheduled to...Read More
Buyers in Taiwan continued to purchase containerized scrap cargoes at higher prices on Thursday October 21 amid bullishness in the spot market, sources said. Taiwan continues to book containerized cargoes at higher prices Spot prices in China edge down amid losses in finished steel futures Tokyo Steel announces another rise in domestic scrap purchase priceTaiwanTaiwanese buyers continued to secur...Read More
Freeport-McMoRan's Indonesian unit plans to start long-term mine development activities at its Kucing Liar deposit, the company said.PT-Freeport Indonesia (PT-FI), in which Freeport holds a 48.76% stake and manages its mining operations, will develop the project over the next 10 years, the US copper producer said.At full operating rates, annual production from Kucing Liar is expected to exceed 500...Read More
Freeport-McMoRan's new Indonesian copper smelter will not be subject to export duties, the US copper producer said.The new greenfield smelter, currently delayed by Covid-19, is to be located in Gresik, Indonesia, and will have the capacity to process around 1.7 million tonnes of copper concentrate per year.The same applies to the company's precious metals refinery (PMR), which will process gold an...Read More