Iranian steel billet producers achieved higher prices in their recent round of tenders, supported by increased demand and therefore prices in Asia, Fastmarkets heard on Tuesday March 30.On Tuesday, one of the country's major billet exporters, Khouzestan Steel, finalized a tender for 30,000 tonnes of billet at $560 per tonne fob southern Iranian ports.Esfahan Steel was reported to have closed its t...Read More

Daily PDFs will be downloadable until Friday April 2. After that, because of the UK's Easter holidays, the next daily PDF will be downloadable on Wednesday April 7.Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe company intercepted high-grade copper sulphide and oxide mineralisation at shallow depth on its patented mining claims as it sought to confirm historical drilling in the past-producing Helvetia region. After encouraging initial results in 2020, the company launched a larger drill programme this year and n...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Investors are waiting for news later today on President Biden's infrastructure bill with an estimated cost of $2.25 trillion.The Canadian Dollar was virtually unchanged at US79.33 cents following release of Canada's January GDP report. Consensus was an increase of 0.5% versus a gain of 0....Read More

Turkish deep-sea scrap import prices edged up further on Wednesday March 31 on news of a fresh US cargo, market participants told Fastmarkets.A steel mill in the Izmir region booked the cargo, comprising HMS 1&2 (80:20) at $430 per tonne, shredded at $435 per tonne and plate & structural (P&S) scrap at $440 per tonne cfr. However, the cargo breakdown was not immediately clear at the time of public...Read More

Seaborne premium hard coking coal prices remained largely stable in both the fob and cfr markets on Wednesday March 31, with little trading activity apparent, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $114.67 per tonne, up $0.30 per tonnePremium hard coking coal, cfr Jingtang: $214.15 per tonne, up $0.59 per tonneHard coking coal, fob DBCT: $107.65 per tonne,...Read More

Iron ore prices continued their downtrend on Wednesday March 31, with trading sentiment still depressed amid low liquidity at ports, sources said.Market chatter about potential plans to cut steel industry emissions and downgrade more mills in Tangshan also drew market attention, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $165.15 per tonne, down $1.43 per tonn...Read More

Prices in the Chinese ferrous scrap import market remained stable in the week to Wednesday March 31, despite higher offers from sellers.Mills in east China were heard bidding at $440-450 per tonne cfr for heavy scrap (HS), while those in the northeast were bidding at $460-470 per tonne cfr. And those not urgently looking for material were bidding at $420 per tonne cfr China, although sources said...Read More

A sharp increase in inflation expectations for the US Dollar this year have led to heightened volatility across global assets and affected copper and iron ore prices, market sources told Fastmarkets.The rollout of several stimulus measures by the US government to help the economy recover following the fallout of the Covid-19 pandemic, including various monetary and fiscal policies, had caused infl...Read More

The European Commission (EC) will impose a definitive anti-dumping duty on aluminium extrusion imports from China, it said on Tuesday March 30.The Chinese aluminium extrusion producers affected will be charged duties ranging from 21.2% to 32.1% for their exports due to the investigation into material dumping and...Read More

More than 60,000 tonnes of aluminium was rewarranted at London Metal Exchange warehouses in Port Klang, Malaysia, on Wednesday March 31, but prices remained broadly unchanged from Tuesday's closing readings.The rewarranting of about 62,600 tonnes of aluminium follows on from 513,000 tonnes of metal being canceled over the past two weeks, after the delivery of more than 650,000 tonnes on March 11-1...Read More

Base metals prices on the Shanghai Futures Exchange were weaker on Wednesday March 31, while they track the movement of three-month prices on the London Metal Exchange on Tuesday, but LME prices have found support this morning.Enthusiasm over economic recovery sent United States treasury 10-year yields higher on TuesdayChina's manufacturing purchasing managers' index (PMI) climbs more than expecte...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

The launch of the first responsible sourcing standard for artisanal cobalt mining in the Democratic Republic of Congo (DRC) has reopened the door for financing banks previously unwilling to invest in the sector, the head of corporate responsibility at Trafigura said. According to James Nicholson, the creation of Entreprise G?(C)n?(C)rale du Cobalt (EGC) and its newly launched standard allows artis...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday March 31. Key driversScrap markets for turnings are over $2 per lb cif Europe, with suppliers increasing their offer prices amid a persistent downturn in supply from the aerospace sector; aircraft manufacturing has nose-dived since the start of the Covid-19 pandemic when air travel slumped in line with international restrictions on...Read More

Piedmont Lithium (NASDAQ: PLL; ASX: PLL) has raised US$122.5 million in a public offering, issuing 1.75 million of its American Depository Receipts (ADS) with each ADS representing 100 of its ordinary shares at a price of US$70 per ADS. The Australian junior will use the proceeds to continue the development of its 100%-owned Piedmont Lithium project, an integrated spodumene-to-lithium hydroxide...Read More

Miner Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) expects its Detour Lake open pit mine in northern Ontario to reach a gold output rate of 900,000 oz. a year by 2032, based on the company's latest life-of-mine plan for the asset.This technical report also forecasts average production of 680,000 to 720,000 oz. a year between 2021 and 2024, increasing to 800,000 oz. in 2025, as announced earlie...Read More