Here are five Fastmarkets MB stories you might have missed on Tuesday April 9 that are worth another look.Among the key talking points across the battery raw materials markets ahead of Fastmarkets' second annual Battery Materials Conference this week in Shanghai include the outlook for China's cobalt metal imports, cobalt hedging appetites, whether a shift to nickel-rich cathode chemistr...Read More
Chile's copper and lithium reserves will be in high demand for development by both domestic and international companies as a result of the ongoing push toward electro-mobilty, according to the country's Minister for Mining.Baldo Prokurica noted that Chile is the world's largest producer of copper and the world's second-largest producer of lithium, both key raw materials for electric vehicle (EV) b...Read More
Key talking points across the battery raw materials markets ahead of Fastmarkets' second annual Battery Materials Conference, taking place this week in Shanghai, China. Will China's cobalt metal imports pick up significantly in 2019? When global cobalt metal prices bottomed out in late March and made a quick turnaround at the beginning of April, some Chinese traders and consumers resumed their app...Read More
Prices for imported steel billet in the United Arab Emirates increased this week in the latest deals heard, while rebar prices remained stable, sources told Fastmarkets on Tuesday April 9.Domestic rebarLocal rebar producers in the UAE kept their prices unchanged for May production, with demand expected to remain weak because the Islamic holy month of Ramadan starts early in that month.Observance o...Read More
Rebar prices in eastern China surged further on Tuesday April 9 on an optimistic outlook among sellers for demand to strengthen over the rest of this month.Domestic Eastern China (Shanghai): 4,070-4,100 yuan ($606-610) per tonne, up 70-90 yuan per tonneNorthern China (Beijing): 3,960-3,990 yuan per tonne, up 10 yuan per tonneEnd-user demand for rebar has been strong since mid-March and is expected...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
The Turkish steel mills continued to show minimal interest in deep-sea scrap purchasing on Tuesday April 9, with only one transaction heard so far this week, sources said.Some market participants had expected the mills to resume their deep-sea purchases at the recent International Rebar Producers & Exporters Association conference (Irepas 80), which took place in Barcelona on April 7-9.A...Read More
Seaborne iron ore prices corrected down slightly on Tuesday April 9 after surging past $95 per tonne cfr China on Monday.MB 62% Fe Iron Ore Index: $94.85 per tonne cfr Qingdao, down $0.45 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.97 per tonne cfr Qingdao, down $0.45 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $96.99 per tonne cfr Qingdao, down $0.61 per tonne. MB 58% Fe Premium Inde...Read More
The seaborne iron ore concentrate and pellet markets remained muted in the week ended on Friday April 5 despite the surges in iron-ore fines prices.ConcentrateFastmarkets' weekly MB 66% Fe Iron Ore Concentrate Index stood at $104.12 per tonne cfr China on Friday April 5, up by $7.39 per tonne from March 29.Fastmarkets' daily MB 65% Fe Iron Ore Index averaged $103.64 per tonne cfr China last week,...Read More
Prices for imported steel billet in the United Arab Emirates increased this week in the latest deals heard, while rebar prices remained stable, sources told Fastmarkets on Tuesday April 9.Domestic rebarLocal rebar producers in the UAE kept their prices unchanged for May production, with demand expected to remain weak because the Islamic holy month of Ramadan starts early in that month.Observance o...Read More
Rebar prices in eastern China surged further on Tuesday April 9 on an optimistic outlook among sellers for demand to strengthen over the rest of this month.Domestic Eastern China (Shanghai): 4,070-4,100 yuan ($606-610) per tonne, up 70-90 yuan per tonneNorthern China (Beijing): 3,960-3,990 yuan per tonne, up 10 yuan per tonneEnd-user demand for rebar has been strong since mid-March and is expected...Read More
Manganese ore prices were hovering around recent levels amid low liquidity in the week to Friday April 5, while load shedding in South Africa continued to be supportive of alloy prices in Europe. Low activity for ores in China Alloy prices in Europe rise on lower supply Indian silico-manganese suppliers lift offer prices Silico-manganese market in US drops There was little mov...Read More
UG2 chrome ore prices broke a seven-week upward trend on Friday April 5 due to weaker demand after consumers cited sufficient stock, while alloy prices in the United States weakened and were subdued in Europe. UG2 prices slip $1 per tonne, Turkish pump stabilizesAlloy prices steady in Japan, South KoreaAlloy prices hold on Chinese public holidayAlloy prices drop in Europe UG2 chrome ore prices we...Read More
A summary of Vedanta's production results for the fiscal year ended on March 31, 2019.In brief Vedanta's Indian copper output decreased sharply by 78% due to the Tuticorin smelter's shutdown after protests against its plans to double capacity reached fever pitch toward the end of March.Custom copper volumes at the company's Zambian projects decreased by 22% to 87,000 tonnes over the 2019 financial...Read More
Gerald Reichmann has been appointed the new chief executive officer of British Steel, the UK long steel producer said on Friday April 5.Reichmann joined British Steel in November 2017 as chief financial officer. He was previously the managing director at Austrian steelmaker Voestalpine's wire technology division.Reichmann also briefly served in the role of British Steel's deputy CEO from January 2...Read More
The Norwegian government has granted a mining concession for the Sydvaranger Iron Ore Project, paving the way for concentrates shipments to recommence in 2020.Owned by the Tschudi Group - a Norwegian shipping and logistics company - the Sydvaranger project consists of several high-grade magnetite iron deposits with indicated resources of 475 million tonnes and inferred resources of 43 mi...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 9.Please click...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday April 9, with a dip in the dollar index below the psychological level of 97 doing little to prompt rallies, while stock inflows continue push prices lower. Despite trading comfortably above $6,500 per tonne for much of the day, copper's three-month price closed $13 per tonne shy of the psychologica...Read More
The Turkish steel mills continued to show minimal interest in deep-sea scrap purchasing on Tuesday April 9, with only one transaction heard so far this week, sources said.Some market participants had expected the mills to resume their deep-sea purchases at the recent International Rebar Producers & Exporters Association conference (Irepas 80), which took place in Barcelona on April 7-9.A...Read More
Prices for imported steel billet in the United Arab Emirates increased this week in the latest deals heard, while rebar prices remained stable, sources told Fastmarkets on Tuesday April 9.Domestic rebarLocal rebar producers in the UAE kept their prices unchanged for May production, with demand expected to remain weak because the Islamic holy month of Ramadan starts early in that month.Observance o...Read More