Base Metal Stocks Articles

AT A GLANCE: Anglo American Q2 copper output rises on strong performance at Collahuasi

July 17, 2020 / Staff reporter

A summary of Anglo American's production results for the second quarter of 2020, according to a company results report released on Thursday July 16. In brief  Anglo American attributed the 5% annual increase in copper concentrate to continued strong performance at Collahuasi mine in Chile, offset slightly by reduced output at Los Bronces due to drought conditions in central Chile.  Attri...Read More

CHINA TUNGSTEN SNAPSHOT: Concentrate, APT prices flat in sluggish spot conditions

July 17, 2020 / Staff reporter

Key data from the Wednesday July 15 pricing session in Shanghai.Key driversTungsten concentrate price remained firmly above 80,000 yuan ($11,438) per tonne amid tight spot supply. Cargo holders continued to refrain from selling the material.Export price for ammonium paratungstate (APT)...Read More

COBALT HYDROXIDE SNAPSHOT: Payables underpinned, suppliers refrain from offering

July 17, 2020 / Staff reporter

Key data from the July 15 pricing session in London and Shanghai. Key drivers:Cobalt hydroxide payables moved up in the first half of this week with buyers still holding out from making offers in light of tight spot availability and softening standard-grade benchmark metal prices, against...Read More

IN CASE YOU MISSED IT: 5 key stories from July 16

July 17, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday July 16 that are worth another look.The United States Federal Circuit on Wednesday July 15 decided to reverse the US Department of Commerce's decision to collapse three Taiwanese steelmakers to calculate a combined anti-dumping margin for certain corrosion-resistant steel products (CORE), according to public documents.Ru...Read More

DAILY STEEL SCRAP: Mills book more scrap, prices inch up

July 17, 2020 / Staff reporter

Turkish steel mills continued their deep-sea scrap purchases at higher prices, sources told Fastmarkets on Thursday July 16.A steel mill in the Marmara region booked a US cargo, comprising HMS 1&2 (80:20) at $258.50 per tonne, shredded at $263.50 per tonne and plate and structural scrap (P&S) at $269.50 per tonne cfr. The cargo composition was not clear at the time of publication, but the traditio...Read More

RESEARCH: Key takeaways from the latest Steel Raw Materials Market Tracker

July 17, 2020 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.Prolonged flooding in China could limit the use of construction steel and drag down demand for steel rebar in the short term, which in turn could damp the demand for iron ore. So far, it has been reported that steel mills in the affected regions have continued to operate as normal. The floods have, however, caused a few days...Read More

Nornickel starts environmental work amid Rusal's calls for new management

July 17, 2020 / Staff reporter

Russian multi-metal miner Nornickel's newly-established environmental working group has begun work to tackle the significant fallout from a series of recent ecological disasters, the company said on Thursday July 16.The working group, which comprises independent members of Nornickel's board of directors, said that it intends to solve the serious environmental issues facing the company after suffer...Read More

Trade log: Lithium hydroxide monohydrate, min 56.5% LiOH.H2O, battery grade, spot price, cif China, Japan & Korea

July 17, 2020 / Staff reporter

Lithium hydroxide monohydrate, min 56.5% LiOH.H2O, battery grade, spot price, cif China, Japan & Korea, trade log including business, bids, offers and assessments reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Read More

Trade log: Lithium carbonate, min 99.5% Li2CO3, battery grade, spot price, cif China, Japan & Korea

July 17, 2020 / Staff reporter

The lithium carbonate, min 99.5% Li2CO3, battery grade, spot price, cif China, Japan & Korea, trade log including business, bids, offers and assessments reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

July 17, 2020 / Staff reporter

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More

IN CASE YOU MISSED IT: 5 key stories from July 16

July 17, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday July 16 that are worth another look.The United States Federal Circuit on Wednesday July 15 decided to reverse the US Department of Commerce's decision to collapse three Taiwanese steelmakers to calculate a combined anti-dumping margin for certain corrosion-resistant steel products (CORE), according to public documents.Ru...Read More

RESEARCH: Key takeaways from the latest North American Steel Market Tracker

July 17, 2020 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:Upward momentum in US domestic sheet steel prices came to a halt in the second half of June, wiping out earlier gains. Although the prices of hot-rolled coil (HRC), cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) increased on a monthly average basis, the d...Read More

EU flat steel distributor shipments down 38.5% in May

July 17, 2020 / Staff reporter

European distributors of flat steel products reported a 38.5% year-on-year drop in shipment volumes in May, Eurometal said on Thursday July 16. In first five months of 2020, shipments of flat steel products by European steel service centers dropped by 22.8% year on year. Eurometal does not disclose product volumes. Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe...Read More

Egypt's Ministry of Finance removes additional duty on steel imports for industrial use

July 17, 2020 / Staff reporter

Egypt's Ministry of Finance has decided to exempt finished steel imports from the recently imposed 10% duty if they are to be used for "industrial purposes."The ministry reviewed its decision after a request from the Federation of Egyptian Industries' (FEI) on the new duties.On Monday July 13, the ministry announced that the 10% duty...Read More

EGYPT STEEL BILLET, REBAR: Imported billet price increases on higher offers; demand still weak

July 17, 2020 / Staff reporter

The imported billet price increased in Egypt because of higher offers despite tepid demand in the week to Thursday July 16. CIS-origin billet was offered this week at $400-405 per tonne cfr while buyers believed $350 per tonne cfr may be a workable price for the material. CIS sellers did not accept the lower-priced bids. No deals were heard over the assessment period because...Read More

TURKEY LONG STEEL: Rising scrap values support domestic price climb

July 17, 2020 / Staff reporter

Turkish domestic long steel prices have increased over the past week in line with the recent upturn in imported scrap values, sources said on Thursday July 16. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was 3,400-3,480 lira ($496-507) per tonne on Thursday, up from 3,350-3,400 lira per tonne of last week, including 18% VAT. Steel mills in the I...Read More

IN CASE YOU MISSED IT: 5 key stories from July 16

July 17, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday July 16 that are worth another look.The United States Federal Circuit on Wednesday July 15 decided to reverse the US Department of Commerce's decision to collapse three Taiwanese steelmakers to calculate a combined anti-dumping margin for certain corrosion-resistant steel products (CORE), according to public documents.Ru...Read More

DAILY STEEL SCRAP: Mills book more scrap, prices inch up

July 17, 2020 / Staff reporter

Turkish steel mills continued their deep-sea scrap purchases at higher prices, sources told Fastmarkets on Thursday July 16.A steel mill in the Marmara region booked a US cargo, comprising HMS 1&2 (80:20) at $258.50 per tonne, shredded at $263.50 per tonne and plate and structural scrap (P&S) at $269.50 per tonne cfr. The cargo composition was not clear at the time of publication, but the traditio...Read More

IRON ORE DAILY: Seaborne prices down on little trading activity

July 17, 2020 / Staff reporter

Seaborne iron ore prices went down further on Thursday July 16 with few deals done in the seaborne market and persistent concerns of weak demand due to floods in southern China, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $112.30 per tonne, down $0.68 per tonne.62% Fe low-alumina fines, cfr Qingdao: $113.05 per tonne, down $1.06 per tonne. 58% Fe fines high-grade premium,...Read More

BMW signs $2.3bln battery cell supply agreement with Northvolt

July 17, 2020 / Staff reporter

Car and motorcycle maker BMW Group has signed a ?,?2 billion ($2.28 billion) contract with Swedish battery maker Northvolt to secure a stable supply of battery cells for its fleet of electric vehicles (EVs), the German company said on Thursday July 16.The contract is for battery production starting from 2024 at the Northvolt gigafactory currently under development in Skelleftea, northern Sweden.Th...Read More

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