The price movements of base metals on the London Metal Exchange were mixed at the close of trading on Thursday August 9, typified by sharp drops in the prices of aluminium and nickel, while copper found support despite two consecutive days of stock inflows....Read More
Comex copper prices hit a one-week high Thursday August 9 morning in the US amid a general technical increase across the base metals complex....Read More
Aluminium prices on the London Metal Exchange climbed 0.5% during morning trading on Thursday August 9, elevating a buffeted complex following the light metal's 3.2% surge at the close of trading on Wednesday. ...Read More
Molybdic oxide and ferro-molybdenum prices in Europe have dropped by about 3% so far in the week that began on Monday August 6, after strengthening to three-month peaks the week before, in line with domestic consumer demand....Read More
The electrification of vehicles and the need to store electricity generated by renewable energy sources - mainly solar and wind - point to huge demand for lithium-ion batteries.The automotive industry's use of lithium-ion batteries is on track to grow ninefold to 650 GWh by 2025 from around 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this.The use of lith...Read More
The electrification of vehicles and the need to store electricity generated by renewable energy sources - mainly solar and wind - point to huge demand for lithium-ion batteries.The automotive industry's use of lithium-ion batteries is on track to grow ninefold to 650 GWh by 2025 from around 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this.The use of lith...Read More
Chinese cobalt sulfate prices continued to edge lower, although the pace of has declined slowed as spot prices have fallen to below production costs. ...Read More
Turkish deep-sea scrap import prices have gone down with the news of a fresh Baltic Sea cargo, despite overall demand still being very weak, sources said on Thursday August 9....Read More
Comex copper prices hit a one-week high Thursday August 9 morning in the US amid a general technical increase across the base metals complex....Read More
Three-month base metals prices on the London Metal Exchange were positively higher in the morning of Thursday August 9, with the complex up an average of 0.4%. Leading the gains was LME copper, up 1.1%, followed by tin (+0.5%), lead and zinc (both up 0.4%). Meanwhile, aluminium is up 0.1%, consolidating after yesterday's strong surge of 3.2% amid industrial action at Alcoa's Pinjarra alumina refin...Read More
The electrification of vehicles and the need to store electricity generated by renewable energy sources - mainly solar and wind - point to huge demand for lithium-ion batteries.The automotive industry's use of lithium-ion batteries is on track to grow ninefold to 650 GWh by 2025 from around 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this.The use of lith...Read More
Surging investment across the battery raw materials supply chain, stemming from growing demand for electric vehicles, has fueled an increasing appetite for transparent market intelligence.The spotlight is on lithium especially. Battery technology has evolved to a point of investor and exchange interest, with mass consumer adoption on the cards, but the way the material is priced is yet to make suc...Read More
China's hot-rolled coil prices fell on Thursday August 9, dragged down by low demand....Read More
China's ferrous futures were mixed in the morning trading of August 9 on unclear sentiment. Carbon steel and raw materials contracts diverged in price direction....Read More
Prices for US domestic and imported wire rod remained steady despite softening prices for scrap, with sources expecting little change in the near term....Read More
Steel billet import prices in Egypt continued to fall in the week to Thursday August 9 as buying activity remained limited by the holiday season and the expectation that finished long steel prices will soon drop as a result of lower scrap prices. ...Read More
ArcelorMittal has restarted blast furnace No4 at its Zenica long steel mill in Bosnia & Herzegovina, following a "comprehensive rebuild," equipment provider Danieli Corus said this week....Read More
The import market for hot-briquetted iron (HBI) in Italy has fallen in the wake of the price decline in the steel scrap market, sources told Metal Bulletin on Thursday August 9....Read More
Buyers and sellers in the pig iron export market in the Commonwealth of Independent States were in wait-and-see mode in the week to Thursday August 9, because of the current fall in scrap prices....Read More
Turkish deep-sea scrap import prices have gone down with the news of a fresh Baltic Sea cargo, despite overall demand still being very weak, sources said on Thursday August 9....Read More