UK secondary aluminium prices continued to rise on Wednesday August 26, with a regional supply squeeze pushing LM24 ingot prices above the levels seen before the Covid-19 pandemic began.The UK secondary aluminium market has suffered considerably as a result of Covid-19 and its associated industrial lockdown.All related UK industry effectively ground to a halt in March when carmakers, the main cons...Read More

The contractor posted FY20 NPAT of A$64.9 million, up 41% year-on-year, and EBITDA of $238.Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.These include an increase in our copper mine disruption estimates, upgrades to our production outlook for Indonesian nickel pig iron (NPI), a smaller refined zinc surplus, and an upgrade to our zinc price forecasts.Aluminium: Big disconnect between price and fundamentalsAluminium has extended its uptrend on the London Metal...Read More

CEO Mark Norwell said on a financial results conference call the company was likely to post similar numbers in FY21 as the $2.Read More

Fawaz joins Ambler Metals from Newmont where he was SVP projects from February 2011 to October 2019, with responsibility for the development and execution of Newmont's major gold and copper projects globally."With decades of experience in the development of major resources projects, his leadership will be integral to the next phase of Arctic studies and unlocking the value of the Ambler District's...Read More

China imported 417,263 tonnes of alumina in July, up 109% year on year from 200,000 tonnes in July 2019, according to Chinese customs data released on Tuesday August 25. Alumina imports in July were also 1.3% or 5,310 tonnes higher than the 422,573 tonnes recorded in June, renewing June's record for the highest monthly alumina imports since February 2016. China has imported 2.33 million tonne...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Cobalt intermediates shipments to China leapt by 84.7% month on month in July and local futures prices responded by plummeting on Tuesday August 25 after the data was released. China imported 28,087 tonnes of cobalt intermediates, which are mostly comprised of cobalt hydroxide - a key feedstock for cobalt refineries - in July, up from 15,206 tonnes in June, and also 9.2% higher year on year, accor...Read More

Here are five Fastmarkets stories you might have missed on Wednesday August 26 that are worth another look.Brazilian flat steel producer Usiminas has restarted its No1 blast furnace (BF) in Ipatinga city, in the country's southeastern Minas Gerais state, it said on August 26.Following recent concerns on the...Read More

UK secondary aluminium prices continued to rise on Wednesday August 26, with a regional supply squeeze pushing LM24 ingot prices above the levels seen before the Covid-19 pandemic began.The UK secondary aluminium market has suffered considerably as a result of Covid-19 and its associated industrial lockdown.All related UK industry effectively ground to a halt in March when carmakers, the main cons...Read More

The Turkish steel producers have continued their deep-sea scrap purchases for late September and October shipments, with prices becoming firmer, sources said on Wednesday August 26.After booking three deep-sea cargoes earlier this week, three more transactions were heard on Wednesday.A steel mill in the Izmir region booked a European cargo, comprising 10,000 tonnes of HMS 1&2 (75:25), 15,000 tonne...Read More

Key data from Fastmarkets' pricing session in London on Wednesday August 26.Key drivers: Alloy-grade cobalt traded at a premium to standard-grade with material in tight hands. Prices for both grades were well underpinned despite thinner liquidity compared with the beginning of August. Substantial spot volumes changed...Read More

Following recent concerns on the use of water for its lithium extraction operations, the Chilean lithium producer Sociedad Quimica y Minera (SQM) is working on a new environmental compliance plan with major stakeholders in the lithium-rich Salar de Atacama desert, including indigenous communities.SQM's representatives told Fastmarkets the steps the company is taking to improve the sustainability o...Read More

I recently sat down with Jason Stutman, one of the most successful tech analysts in the world, to talk about connectivity, privacy, and where he's investing next. As Jason and I discussed in the interview, outside of data mining, robotics and automation is one of the more profitable investment opportunities happening in the world of tech right now. Bill Gates calls robotics "the holy grail...Read More

Cobalt intermediates shipments to China leapt by 84.7% month on month in July and local futures prices responded by plummeting on Tuesday August 25 after the data was released. China imported 28,087 tonnes of cobalt intermediates, which are mostly comprised of cobalt hydroxide - a key feedstock for cobalt refineries - in July, up from 15,206 tonnes in June, and also 9.2% higher year on year, accor...Read More

Just when you thought the chaos this year was over, Marco and Laura showed up to the party.As the two storms started making their way toward the Gulf Coast, they became more difficult to ignore.The good news is that Marco decided to dip out early after the storm was downgraded to a tropical depression two days ago.The bad news is that Laura took a different approach and is now expected to be a Cat...Read More

Here are five Fastmarkets stories you might have missed on Wednesday August 26 that are worth another look.Brazilian flat steel producer Usiminas has restarted its No1 blast furnace (BF) in Ipatinga city, in the country's southeastern Minas Gerais state, it said on August 26.Following recent concerns on the...Read More

Getting long-term rates right is going to be critical for the rest of the year. Higher rates either due to increased Treasury supply or expectations of better economic growth should hurt long-duration assets such as Technology and Utilities sector stocks. I expect that gold could do well or poorly depending on whether rates are being driven by supply or economic growth. On Monday on Real Vision,...Read More

Domestic prices for hot-rolled coil moved up across the EU over the week to Wednesday August 26 supported by some improvement in demand, a lack of competitive imports, reduced output and high raw materials costs, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?447.87 ($529.34) per tonne on Wednesday, up by ?,?5.04 pe...Read More

China's hot-rolled coil prices fell on Wednesday August 26 amid thin trading, with market sentiment dampened by the impact of Typhoon Bavi.DomesticEastern China (Shanghai): 4,020-4,030 yuan ($582-583) yuan per tonne, down 20-30 yuan per tonneSeveral Shanghai-based traders said trading there was thin on Wednesday, forcing some sellers to offer at just 4,000 yuan per tonne in the afternoon...Read More