An overview of the aerospace materials markets and the latest price moves.Fastmarkets has reworked the market reports...Read More

A price rise was achieved in a fresh contract for CIS-origin steel billet with a customer in Latin America, as had been expected earlier this week, Fastmarkets learnt on Friday November 13.A 35,000-tonne cargo of Ukraine-origin billet was sold to Peru at $430 per tonne fob Black Sea. According to market participants, the material was of basic grade so no extra payments were included.Optimism preva...Read More

Secondary aluminium alloy prices continued to firm in the United States on Thursday November 12, but in recent months, gains on one alloy - benchmark A380.1 - have outpaced others, squeezing spreads to historically narrow levels.The benchmark secondary alloy A380.1 ticked up again on Thursday, marking its 14th consecutive weekly increase.Fastmarkets assessed aluminium alloy A380.1, delivered Midwe...Read More

Copper's three-month price was the biggest riser on the London Metal Exchange on Friday November 13, with the price moving up by 2.5% by the close, even as its trading volumes remained relatively low. The red metal's price rose to $6,982.50 per tonne at the 5pm close on Friday, up by 2.5% from Thursday's $6,934-per-tonne closing price, after a week marked by the result of the United States preside...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The Scandinavian country, traditionally known for its oil and gas industry, "is acknowledging now that it can contribute [to the clean energy transition]", Grace Howe, exploration geologist at SRK,Read More

Aluminium billet premiums in Europe rose during the week to Friday November 13, with strong spot demand and low nearby supply driving premiums higher. Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $300-340 per tonne on Friday, up by $10 on the high end from $300-330 per tonne the week before. Fastmarkets' weekly assessment of the aluminium 606...Read More

Look beyond market approach to project valuations: van ZylLeadershipPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRemote Pitram deployment puts miners in the driver's seat Amid Covid ClosuresSPONSOREDmicromineValuestone is a private equity fund established by China's Jiangxi Copper and CCB International Asset Ma...Read More

Copper concentrate treatment and refining charges (TC/RC) fell in the second week of November while smelters in need of tonnes took to the market for nearby cargoes, sources told Fastmarkets on Friday November 13.Copper TC/RCs have ticked down after the range for spot terms between traders and smelters narrowed. As a result, Fastmarkets' copper concentrates TC index, cif Asia Pacific came in at $4...Read More

Aubris AG, Europe's largest copper smelter, announced a new joint venture company focused on cable recycling with German company TSR Recycling on Friday November 13. Aurubis, headquartered in Hamburg, said it will unite the cable dismantling activities of its subsidiary, Cablo Metall-Recycling und Handel (Cablo), with those from TSR's site in Gelsenkirchen. The main goal of the joint venture will...Read More

An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sally Zhang, Carrie Shi, Jon Stibbs, Cristina Belda,...Read More

Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Friday November 13.Fastmarkets' alumina index, fob Australia has been mostly between $271 per tonne and $275 per tonne over the past month.Key drivers Alumina prices have been mostly static over the week with higher aluminium prices supporting the current market level despite weak demand.The London Metal Exch...Read More

The US Department of Commerce has set affirmative preliminary anti-dumping margins against imports of pre-stressed concrete (PC) steel wire strand from Indonesia, Italy, Malaysia, South Africa, Spain, Tunisia and Ukraine. Commerce found that PC strand was dumped into the United States at the following rates: Indonesia: 2.96-72.28% Italy: 3.67-19.26% Malaysia: 3.70-18.93% South Africa: 59.27% Spain...Read More

A summary of Tata Steel's financial results for the third quarter of 2020, running from July to September.In brief Quarterly deliveries at India operations rose by 22% year-on-year. Tata Steel is now in talks with Swedish steelmaker SSAB for a sale of its IJmuiden plant in the Netherlands. The producer has initiated a process to separate Tata Steel Netherlands and Tata Steel UK, and will pursue se...Read More

Domestic prices for ferrous scrap in Italy have been fairly stable in the month to Friday November 13, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was unchanged over the month at ?,?220-240 ($259-283) per tonne on Friday November 13. The assessment was based on transactions heard in the market.D...Read More

Flat steel prices in the Turkish market continued to increase sharply during the week to Friday November 13, with demand remaining firm amid low stock levels, sources told Fastmarkets.Domestic pricesFastmarkets' weekly price assessment of steel hot-rolled coil, domestic, exw Turkey was $575-585 per tonne on Friday, up by $25 from $550-560 per tonne a week earlier.Turkish HRC producers were offerin...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. Index futures were virtually unchanged following release of the U.S. October Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.4% versus a gain of 0.4% in September. Actual was an increase of 0.3%. Excluding food and energy, consensus was a gain of 0.2% versus an increa...Read More

The price of stainless steel scrap in Europe and the UK moved up this week because of tight supply and higher nickel costs, sources told Fastmarkets on Friday November 13.Fastmarkets' weekly assessment for stainless steel scrap, 18/8 solids, domestic, delivered merchants UK, was ?950-1,000 ($1,251-1,317) per tonne on Friday, up by ?20-50 per tonne week on week from ?930-950 per tonne.Prices in...Read More

Improving demand for finished and semi-finished steel products across the major outlets has increased scrap prices in the major markets over the week to Friday November 13.Turkish mills continued to pay more for deep-sea scrap cargoes, because they have secured a lot of rebar sales, while demand for billet in China drove up the prices in Asia. The supply of scrap, however, was tightening and suppo...Read More

The market for deliveries of steel scrap to domestic consumers in the UK has increased for contracts in November, bouncing on firm fundamentals, with tighter supplies into yards and strong demand from local and overseas buyers, industry sources said in the week to Friday November 13.The market to domestic steel mills and foundries, which is delivered on a monthly basis, has been settled at prices...Read More

The market for imported pig iron in the United States increased during the week to Friday November 13 due to a global uptrend.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $390-395 per tonne on Friday, up from $377-385 per tonne a week before."Higher prices in China...Read More