AMG Advanced Metallurgical Group recorded a modest increase in earnings before interest, tax, depreciation and amortization (Ebitda) at its Critical Materials division for the first quarter of 2019, helped by strong performances in vanadium, chrome and antimony. The division generated Ebitda of $31.2 million, up 1% compared with the first quarter of 2018, the Amsterdam-listed group said on Wednesd...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price assessments, please follow the links below: China - APT, fob China- Ferro-tungsten,...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China.To view the latest price assessments, follow the links below: Europe - Ferro-vanadium, delivered duty-paid in Europe, $ per kg V - Vanadium pentoxide, in-warehouse Rotterdam, $ per lb V2O5 China...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday May 1:Aluminium scrapGroup 1 pure 99% & litho: ?1,260-1,310 per tonne from ?1,300-1,350Clean HE9 extrusions: ?1,260-1,310 per tonne from ?1,300-1,350Loose...Read More
Equity indices moved lowerBond prices moved lowerU.S. Dollar Index moved higherThe VIX Index spiked. ObservationsRough day for base metal and base metal stock prices on a breakdown by copper! Also, breakdowns by Freeport McMoran Copper & Gold and First Quantum. Cramer on Mad MoneyHe noted after the close last night that equity traders should "take money off the table" Following is a...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 30.Please click...Read More
The London Metal Exchange cash/three-month aluminium contract fell $30.50 to trade below its psychological $1,800-per-tonne price level at $1,779.50 per tonne by close of play on April 30.This is the lowest price level recorded for the LME three-month aluminium contract since January 13, 2017, when it was trading at $1,792 per tonne.The aluminium three-month contract ignored a significant 34% inve...Read More
Aluminium producer Rusal's sales of aluminium value-added products (VAP) were down 22.2% year on year in the first quarter of 2019 amid US sanctions and high premiums, it announced on April 30.Sales of value-added product, such as billet, foundry and slabs, reached 256,000 tonnes in the first quarter of 2019, compared with 333,000 tonnes in the fourth quarter of 2018. First-quarter sales were down...Read More
Blister copper spot refining charges (RCs) in China were unchanged in April while the copper arbitrage window remained negative throughout the month, to discourage import interest, Fastmarkets heard on Tuesday April 30.The cost to turn the intermediate product of 98-99% copper content into refined copper was stable at $160-170 per tonne on April 30, the same as at the end of March.Several bids wer...Read More
Aluminium producer Rusal's sales of aluminium value-added products (VAP) were down 22.2% year on year in the first quarter of 2019 amid US sanctions and high premiums, it announced on April 30.Sales of value-added product, such as billet, foundry and slabs, reached 256,000 tonnes in the first quarter of 2019, compared with 333,000 tonnes in the fourth quarter of 2018. First-quarter sales were down...Read More
Brazil's primary aluminium production totaled 147,000 tonnes in the first quarter of 2019, falling by 24.7% compared with 195,100 tonnes in the first quarter of 2018, the country's association for the sector, Abal, said on Monday April 29.Output volumes are decreasing because the Albras smelter, located in the northern state of Par??, is using only half of its capacity following environmental issu...Read More
Glencore produced 10,900 tonnes of cobalt in the first quarter of 2019, up 56% from 7,000 tonnes produced during the same period a year ago. The increase was largely due to the ramp-up at the Katanga mine in the Democratic Republic of Congo. A total of 3,500 tonnes of cobalt in hydroxide was produced at the mine in the first quarter compared with 500 tonnes in the January to March quarter of 2018....Read More
Fastmarkets proposes to amend the specifications of its benchmark in-warehouse Rotterdam price assessments to incorporate grade-1 and grade-2 Norilsk cut cathodes within its list of accepted cobalt brands. According to preliminary market feedback, grade-1 and grade-2 cobalt cut cathodes produced by Norilsk are now commonly accepted by consumers of cobalt and are regularly traded in the spot market...Read More
The steel mills in Turkey have continued to book deep-sea cargoes for June deliveries, although prices were still weakening, sources told Fastmarkets on Tuesday April 30.A steel mill in the Marmara region booked a US cargo, comprising 22,000 tonnes of HMS 1&2 (90:10) at $306 per tonne, 13,000 tonnes of shredded at $309 per tonne and 5,000 tonnes of bonus...Read More
Base metals prices on the London Metal Exchange were for the most part treading water this morning, Tuesday April 30, while the market digests the disappointing Chinese data released earlier. This, combined with the fact that many Asian market participants are away for holidays this week, is likely to lead to subdued trading - but reduced liquidity could also lead to increased volatility.China's m...Read More
Glencore produced 10,900 tonnes of cobalt in the first quarter of 2019, up 56% from 7,000 tonnes produced during the same period a year ago. The increase was largely due to the ramp-up at the Katanga mine in the Democratic Republic of Congo. A total of 3,500 tonnes of cobalt in hydroxide was produced at the mine in the first quarter compared with 500 tonnes in the January to March quarter of 2018....Read More
Fastmarkets proposes to amend the specifications of its benchmark in-warehouse Rotterdam price assessments to incorporate grade-1 and grade-2 Norilsk cut cathodes within its list of accepted cobalt brands. According to preliminary market feedback, grade-1 and grade-2 cobalt cut cathodes produced by Norilsk are now commonly accepted by consumers of cobalt and are regularly traded in the spot market...Read More
Prices for flat steel products imported into the United Arab Emirates and Saudi Arabia have been mostly stable over the past week due to limited demand, sources told Fastmarkets on Tuesday April 30.End-user demand has been poor recently, with buyers unwilling to book material because the market was not expected to improve any time soon.And next week will be the start of the Islamic holy month of R...Read More
Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil were mostly stable during the week ended on Tuesday April 30 due to lackluster demand in overseas markets.Buying interest in Southeast Asia was muted over the week due to the uncertainty caused by the elections in Indonesia and the Philippines, a market source in Tianjin said. Cold rolled coilFastmarkets MB's weekly export p...Read More
China's hot-rolled coil prices strengthened further on Tuesday April 30 after word about possible steelmaking restrictions in the steelmaking hub of Tangshan circulated in the market.DomesticEastern China (Shanghai): 4,050-4,060 yuan ($601-603) per tonne, up 50 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, up 20 yuan per tonneA domestic steel consultancy reported that Tangsha...Read More