Base Metal Stocks Articles

Gerald and CEO Dean sued by former employee over DRC cobalt activities

July 27, 2019 / Staff reporter

A former employee is suing Gerald Metals, Gerald Holdings and the chief executive officer of both units for alleged fraud, negligent supervision and infliction of emotional distress related to their cobalt activities in the Democratic Republic of Congo (DRC), according to court documents filed in the United States.Plaintiff Alain Vignon, who was employed at Gerald from April 2011 until June 2016 a...Read More

MINOR METALS MARKET REPORT 26/07: Bismuth down on competitive bids; other minors stable

July 27, 2019 / Staff reporter

An overview of the minor metals markets and the reasons for any price moves.Read More

EUROPE ALLOY STEEL SCRAP: UK prices up on volatile nickel, weaker pound

July 27, 2019 / Staff reporter

UK alloy steel scrap price ranges increased and also widened in the past week amid volatile nickel prices and weakness of sterling versus the dollar, sources told Fastmarkets on Friday July 26.After increasing sharply since the start of July, this week nickel prices were volatile but ended lower week on week. Sources said, however, that the lack of a steady trend meant that many had thought that v...Read More

WEEKLY SCRAP WRAP: Global prices slide on weak market fundamentals

July 27, 2019 / Staff reporter

Global ferrous scrap prices moved down during the week ended Friday July 26, because of lower priced deals, weak demand and high inventories. Turkish import prices down on fresh deals US export prices down on recent deals Asian import prices down on high inventories Indian prices continue to fall in weak market.TurkeyTurkish steel producers made four cargo purchases this week for August shipments....Read More

UK SCRAP: Light iron market extends steady trend

July 27, 2019 / Staff reporter

The inter-merchant spot market for UK light iron has been unchanged over the week to Friday July 26, extending a steady trend for the fifth consecutive week while being supported on limited volumes of material made available to major processors, sources told Fastmarkets.Fastmarkets' assessment of the price for steel scrap 5C, loose old light, domestic, inter-merchant, was ?80-100 ($100-125) per t...Read More

APEX Q2 2019: 99% accuracy for zinc, gold, silver predictions in Q2

July 27, 2019 / Staff reporter

Ajist S Mauskar of Bank Muscat led the base metals leaderboard in the Apex second-quarter 2019 contest, with an accuracy rating of 98.2%, while INTL FCStone's Edward Meir was top of the precious metals table with 98.9% accuracy.For steel raw materials, Daniel Hynes and Soni Kumari of ANZ were at the top of the leaderboard with 96.36% accuracy.Click on the image below to download the full report.Se...Read More

MORNING VIEW: LME base metals prices mixed while participants await US GDP data

July 27, 2019 / Staff reporter

With little changed in the big picture, markets continue to oscillate while they consolidate - US and European equity indices were lower on Thursday July 25 and most Asian equities were weaker this morning.London Metal Exchange lead price remains directional, other base metals are working sideways.US second-quarter GDP data out on Friday likely to set the tone.Base metalsVolume on the LME remains...Read More

BATTERY RAW MATERIALS MARKET REPORT 26/07: Cobalt sulfate discount narrows against weaker metal price

July 27, 2019 / Staff reporter

An overview of the battery raw materials markets and their latest price moves.Read More

GLOBAL LITHIUM WRAP: China lithium prices weaken further on slow market activity

July 27, 2019 / Staff reporter

China's lithium market reached weaker prices over the week to Thursday July 25 on slow market activity, while most cathode makers have reduced output over the summer period and limited reports of transactions on the spot market.Prices in the rest of the world remained unchanged week on week.Battery-grade lithium carbonate and hydroxide price ranges narrowed on lower achieved prices and slow market...Read More

Indian mills likely to cut domestic HRC prices in August to boost sales

July 27, 2019 / Staff reporter

Indian mills were looking for a steep cut in domestic prices for hot-rolled coil (HRC) in August in an attempt to boost sales, Fastmarkets heard on Friday July 26.According to an official from a private-sector steel mill, the price reduction in HRC for sales in August could be in the range of 1,000-1,500 rupees ($14-22) per tonne."Domestic demand for HRC is very weak," the official said, "and a pr...Read More

South American flat steel import prices under pressure on discounted Pacific deals

July 27, 2019 / Staff reporter

Flat-rolled steel prices were under pressure during the week ended Friday July 26 in South America, on discounted deals reported on the Pacific coast and amid lower offers from China.Fastmarkets assessed the price of steel hot-rolled coil, import, cfr main ports South America, at $520-540 per tonne on Friday, down from $540-550 per tonne a week before.At least two deals for August-September delive...Read More

TURKEY FLAT STEEL: Export HRC price up but demand remains weak

July 27, 2019 / Staff reporter

Turkish hot-rolled coil prices were mostly stable on Friday July 26, due to the summer slowdown and a reduction in end-user consumption, but export prices nudged up, sources told Fastmarkets.HRC exportsTurkey's export price for HRC increased because Turkish mills are already booked until late September and would not give a discount to buyers because the export price is already $20 per tonne l...Read More

UK SCRAP: Light iron market extends steady trend

July 27, 2019 / Staff reporter

The inter-merchant spot market for UK light iron has been unchanged over the week to Friday July 26, extending a steady trend for the fifth consecutive week while being supported on limited volumes of material made available to major processors, sources told Fastmarkets.Fastmarkets' assessment of the price for steel scrap 5C, loose old light, domestic, inter-merchant, was ?80-100 ($100-125) per t...Read More

POLAND REBAR: Prices stable as mills prepare new offers

July 27, 2019 / Staff reporter

Domestic rebar prices in Poland have been stable over the past week because buyers expected to announce new offers next week, sources told Fastmarkets on Friday July 26.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was unchanged at 2,070-2,120 zloty ($542-555) per tonne on July 26.The assessment reflected the latest deals and offers heard in the mark...Read More

TURKEY LONG STEEL EXPORTS: Rebar price under pressure from lack of trading activity

July 27, 2019 / Staff reporter

Turkish long steel export prices remained under pressure from low demand in the country's major sales destinations this week, sources told Fastmarkets.Turkish rebar for export was on offer at $460-465 per tonne fob, edging down from $460-470 per tonne last week. One source reported material being available at $455 per tonne fob, but even this price failed to spark customer inte...Read More

Brazil pig iron export prices rise in latest US deals

July 27, 2019 / Staff reporter

Export prices for pig iron from the south of Brazil have increased on new deals reported during the week ended Friday July 26.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was up by $5 per tonne to $320-325 per tonne fob on Friday.One sale of 40,000 tonnes of high-phosphorus pig iron was heard to Turkey at $320 per tonne fob for September shipment.Another carg...Read More

EUROPE ALLOY STEEL SCRAP: UK prices up on volatile nickel, weaker pound

July 27, 2019 / Staff reporter

UK alloy steel scrap price ranges increased and also widened in the past week amid volatile nickel prices and weakness of sterling versus the dollar, sources told Fastmarkets on Friday July 26.After increasing sharply since the start of July, this week nickel prices were volatile but ended lower week on week. Sources said, however, that the lack of a steady trend meant that many had thought that v...Read More

WEEKLY SCRAP WRAP: Global prices slide on weak market fundamentals

July 27, 2019 / Staff reporter

Global ferrous scrap prices moved down during the week ended Friday July 26, because of lower priced deals, weak demand and high inventories. Turkish import prices down on fresh deals US export prices down on recent deals Asian import prices down on high inventories Indian prices continue to fall in weak market.TurkeyTurkish steel producers made four cargo purchases this week for August shipments....Read More

Brazilian slab prices unchanged on weak demand

July 27, 2019 / Staff reporter

Prices for steel slab from Brazil remained stable in the week ended Friday July 26 because few deals were reported and buyers continued to push for lower costs.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, was $420-430 per tonne on Friday, unchanged from the previous week.Cost pressures remained strong this week, and limited producers' ability to reduce prices f...Read More

TURKEY STEEL BILLET: Prices down on weak finished steel demand

July 27, 2019 / Staff reporter

Steel billet prices in Turkey continued to decline this week amid weak demand and a downturn in finished steel prices, sources told Fastmarkets.Customers in Turkey were showing very little interest in billet imports because of the sluggish sales of finished steel this week.Material from the Commonwealth of Independent States (CIS) was reported available in Turkey at $430-435 per tonne cfr, down by...Read More

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