An overview of the battery raw materials markets and their latest price moves.Read More

Joshua Olmsted, currently senior vice president, will take the role of president and chief operating officer for the Americas region at Freeport-McMoRan on September 1 this year, when Harry Conger retires, the company said on Friday August 7. Working for Freeport for 28 years, Olmsted has been senior vice president for the North American copper division since late 2015. He previously took manageri...Read More

The world's largest copper producer, Codelco, has outlined plans to restart select operations across its production portfolio, detailing a resumption of operations at its Chuquicamata Subterr??nea underground mine, while plans to restart its El Teniente operations are set to be revealed in the coming weeks. Underground operations at its Chuquicamata mine will resume as early as next week, Codelco...Read More

US hot-rolled coil prices continue to hold steady just under $23 per hundredweight ($460 per ton) thanks to stronger-than-expected August scrap prices and despite fears of a potential fourth-quarter price drop.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $22.89 per hundredweight on Friday August 7, little changed from $22.90 per cwt on Wednesday and up by 1.6% from...Read More

The price of most flat-rolled steel products imported into South America rose during the week to Friday August 7 after mills around the world engaged in successive increases and clients rushed to close deals, market participants said.The demand recovery from the drought following restrictions to curb the Covid-19 spread since April as well as rising raw material and semi-finished steel costs suppo...Read More

Turkish prices in the domestic market for hot-dipped galvanized coil (HDG) and color-coated coil increased in the week to Friday August 7 due to higher feedstock prices and strong demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Turkey was $660-665 per tonne on August 7, rising from $610-625 per tonne on July 31.Turkish producers were heard offerin...Read More

The prices for both hot-rolled coil and cold-rolled coil in Turkey increased over the week to Friday August 7, with market sources not expecting any price decreases any time soon, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey was $500-505 per tonne on August 7, rising from $450-460 per tonne on July 31.HRC producers were heard to be offering HRC...Read More

Offers of steel billet to foreign customers from the Commonwealth of Independent States (CIS) region had gone up by the end of this week following the continuing uptrend in the scrap sector, Fastmarkets heard on Friday August 7.But trading activity was limited, even though some customers accepted the higher prices.Fastmarkets' steel billet index, export, fob Black Sea, CIS, was $404 per tonne on A...Read More

Indian steel mills increased their hot-rolled coil export prices by about $20-25 per tonne in the week ended Friday August 7 on strong domestic demand and a surge in local HRC prices.The price of steel hot-rolled coil (commodity), export, fob main port India, was assessed by Fastmarkets at $485-500 per tonne on Friday, up by $20-25 per tonne from last week's assessment at $465-475 per...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesAnglo American operated Collahuasi saw a 26.8% increase to 323,000t while the BHP-operated Escondida mine posted a 5.1% increase to 599,000t and state copper company Codelco saw output increase 3.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesOk Tedi says these are the first positive cases recorded in Tabubil, and occurred despite the mine implementing a shutdown of all charter flights into and from Tabubil on July 28.Of the seven cases, only one person has exhibited flu like symptoms. The other six people are currently asymptomatic. All seven cases are in isolation at...Read More

Sentiment in the Northern European hot-rolled coil market has remained bullish despite low trading activity, sources told Fastmarkets on Friday August 7.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?413.46 ($490.59) per tonne on Friday, down by ?,?1.54 per tonne day on day from ?,?415.00 per tonne on Thursday.Friday's index was based on "workab...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25The company's revised production plan for 2020 was aimed at cutting spending near-term amid COVID-19 and other uncertainties while m...Read More

Pig iron export prices from Brazil continued to increase in the week to Friday August 7 on further sales to China and the United States.Fastmarkets' price assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $340 per tonne on Friday, up from $325 per tonne a week earlier.Early this week a cargo was sold to an international trader for the Chinese market at $333 per ton...Read More

Ferrous scrap prices in all the key global markets continued to increase in the week ended Friday August 7 on stable demand from end-users and high prices for downstream steel products.Turkey continues to purchase material at higher pricesUS export prices and volumes riseVietnam chooses US-origin scrap on narrowing differential with JapanTaiwan prices continue uptrendIndia prices return to pre-pan...Read More

The price of ferrous scrap imported into India in containers stabilized this week after last week's $15 per tonne surge, sources told Fastmarkets on Friday August 7. Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $304.18 per tonne on Friday, up slightly from $301.15 per tonne one week earlier. Last week, the price surged by $15.19 per tonne, crossin...Read More

Turkish steel producers have continued to book deep-sea scrap cargoes scheduled for September shipments, at firm prices, sources said on Friday August 7.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 16,500 tonnes of HMS 1&2 (80:20) at $285 per tonne, 5,000 tonnes of shredded at $290 per tonne and 1,500 tonnes of bonus at $295 per tonne cfr.This compared with the previ...Read More

Biogen (BIIB), a NASDAQ 100 stock moved above $404.20 setting an intermediate uptrend. Dollarama (DOL) , a TSX 60 stock moved above $50.10 extending an intermediate uptrend.  Pre-opening Comments for Friday August 7thU.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Index futures moved higher following release of the July Employmen...Read More

The inter-merchant spot market for light iron scrap in the UK was steady in the week ended Friday August 7, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was unchanged at ?85-95 ($112-125) per tonne on Friday."Our suppliers seem content at this price," one market source said. "We would react if our c...Read More

The market for pig iron exports from the Commonwealth of Independent States (CIS) was strong during the week to Thursday August 7 amid further demand in China and new sales to Italy, sources said.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $322-326 per tonne on August 7, narrowing upward from $320-326 per tonne a week before....Read More