Imported billet prices in Turkey have gone down this week on subdued demand, while domestic prices went up slightly due to the weakness of the lira, sources said on Thursday August 9....Read More
Turkish rebar and wire rod export prices have gone down over the past week in line with the weak demand and falling imported scrap prices, sources said on Thursday August 9....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
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe, and China....Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China....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...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
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
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 point in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for weekly Jobless Claims was 220,000 versus a revised 219,000 last week. Actual was 213,000. Consensus for July Producer Prices was an increase of 0.2% versus a gain of 0.1% in June. Actual...Read More
China's domestic rebar prices remained on a downward trend on Thursday August 9, with little trading activity apparent in the market....Read More
China's hot-rolled coil prices fell on Thursday August 9, dragged down by low demand....Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday August 9*...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
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
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday August 9.Check Metal Bulletin's live futures report here.LME snapshot at 0137 London timeLatest 3M LME Prices Price ($/t) Change since yesterday's close ($)Copper6,171.50-1.5Aluminium2,130.5024.5Lead2,1402.5Zinc2,597-15Tin19515115Nickel13,950-100SHFE snapshot at 0937 S...Read More
Chinese cobalt sulfate trade log including business, bids and offers reported to Metal Bulletin....Read More
Import prices for stainless steel in East Asia kept largely steady over the past week, amid stable domestic demand in China and tepid regional demand....Read More
China's domestic stainless steel prices were unchanged over the past week amid weak demand....Read More
CIS export billet prices softened somewhat on Thursday August 9 with a lack of supporting factors in the market, Metal Bulletin has heard....Read More