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 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...Read More
Domestic rebar prices in China decreased sharply on Wednesday September 13 due to rising inventory levels and an outlook of higher production rates.Domestic Eastern China (Shanghai): 5,720-5,760 yuan ($887-893) per tonne, down by 200 yuan per tonneSpot market inventories of rebar in 20 major Chinese cities totaled 5.13 million tonnes on October 10, up by 60,000 tonnes from September 30,...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
Seaborne iron ore prices continued to fall on Wednesday October 13, after a formal announcement on upcoming winter restrictions by China's Ministry of Industry & Information Technology (MIIT).Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $124.17 per tonne, down $4.83 per tonne62% Fe low-alumina fines, cfr Qingdao: $125.09 per tonne, down $5.08 per tonne58% Fe fines high-grade premium, cfr...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 13 that are worth another look.Pipe producer Vallourec and Brazilian tube, bar and stainless steel distributor Grupo A??otubo announced a joint venture to supply steel tubes and pipes to industrial clients.Major zinc producer Nyrstar will cut production...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 13.Key drivers The European ferro-titanium price range widened higher in the week to Wednesday October 13 after new deals were reported, although overall trading activity was slow amid muted consumer buying interest. There was industry talk of some lower-priced deals, although sources said these were outliers to typical trad...Read More
Higher or more volatile prices for critical minerals such as lithium, cobalt, nickel, copper and rare earth elements could slow global progress toward a clean-energy future or make it more costly, according to the International Energy Agency (IEA).In its World Energy Outlook report released on Wednesday October 13, the IEA said that price rallies for key minerals in 2021 could increase the costs o...Read More
Major European zinc producers intend to significantly raise the annual contractual premiums in 2022, citing higher production costs and strong demand, Fastmarkets has learned during LME Week 2021.Offers were likely to be made close to or higher than $200 per tonne, nearly double the levels seen in 2021, which came in a range of $95-110 per tonne.The offer levels were also higher than the current s...Read More
Domestic and imported steel reinforcing bar prices in the United States were sideways on Wednesday October 13, and market participants expect it to stay that way for a few more weeks at least.Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on Wednesday October 13, unchanged since August 11 but up by 65.55% from $29.75 per cwt...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 13 that are worth another look.Pipe producer Vallourec and Brazilian tube, bar and stainless steel distributor Grupo A??otubo announced a joint venture to supply steel tubes and pipes to industrial clients.Major zinc producer Nyrstar will cut production...Read More
China's imports of finished steel products increased by 18.2% month on month in September, preliminary Chinese customs data showed on Wednesday October 13.September exports: 4.92 million tonnes, down by 2.6% from August 2021,...Read More
Spot premiums for P1020 aluminium ingot into main Japanese Ports (MJP) have struggled to find clear direction since the settlement of fourth-quarter MJP premiums on Tuesday October 5, despite quarterly negotiations ending on a strong note.A combination of slow buying, poor LME spreads and a closed arbitrage into China capped the rise in spot premiums since the settlement.Fastmarkets reported a fou...Read More
Fastmarkets published its Commonwealth of Independent States export billet index later than scheduled on Wednesday October 13 due to a technical error, but it is now appearing as normal.Fastmarkets calculated the steel billet index, export, fob Black Sea, CIS, at $621 per tonne on October 13. The index was published in Fastmarkets' pricing database, MInD, later than scheduled due to a technical er...Read More
Base metals prices on the London Metal Exchange were mixed at the 5pm close on Wednesday October 13, with zinc performing particularly well during the day's trading.The LME three-month price of zinc led the complex on Wednesday; it was up by 4.4% to $3,401.50 per tonne from $3,263 per tonne at Tuesday's close, after hitting an intraday high of $3,440 per tonne."LME fund managers turned bullish tow...Read More
Higher or more volatile prices for critical minerals such as lithium, cobalt, nickel, copper and rare earth elements could slow global progress toward a clean-energy future or make it more costly, according to the International Energy Agency (IEA).In its World Energy Outlook report released on Wednesday October 13, the IEA said that price rallies for key minerals in 2021 could increase the costs o...Read More
Domestic and imported steel reinforcing bar prices in the United States were sideways on Wednesday October 13, and market participants expect it to stay that way for a few more weeks at least.Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on Wednesday October 13, unchanged since August 11 but up by 65.55% from $29.75 per cwt...Read More
Higher electricity prices have added to the production costs of chrome alloy, especially low-carbon ferro-chrome, during the week to Tuesday October 12, at a time when the market was already short of material with prices at multi-year highs.Fastmarkets assessed ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe at $3.05-3.25 per lb Cr on Tuesday, up 7-15 cents (+3.6%) from $2.90-3.18 per lb...Read More
A lack of vehicle-charging infrastructure, along with constraints on the supply of battery raw materials, were the major challenges to growth in the adoption of electric vehicles (EVs), the chief executive officer of diversified mining company Eurasian Resources Group (ERG) has said.Lithium, cobalt, nickel, manganese and graphite are critical raw materials for the production of battery cathodes an...Read More
The price of steel hollow sections in Europe remained flat in the week to Wednesday October 12, despite pressure from falling feedstock costs, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,275-1,330 ($1,472-1,535) per tonne on October 13, unchanged week on week.Domestic hollow section prices were under pressure...Read More