European lead smelter Berzelius Metall has declared force majeure on supply contracts after floods that have caused chaos in northern Germany and Belgium forced the closure of its Stolberg smelter.Fastmarkets' calls to Berzelius were not answered, while an email to parent company EcoBat Technologies was not responded to by the time of publication.But sources in the lead market confirmed to Fa...Read More

Japan's Nikkei was up in morning trade, a day before the country opens the Olympic Games, which were delayed from last year due to the pandemic.The S&P 500 gained 0.8% and London's FTSE 100 closed up 1.5%.Commodities were mixed on the London Metal Exchange.China's NDRC reportedly asked local governments to step up commodity price monitoring and management of expectations, Marex's Alastair Munr...Read More

An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda and...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Declan...Read More

The Turkish deep-sea scrap market reported no new trading activity on Wednesday July 21, because of the week-long Eid al-Adha public holiday.Turkish steel mils have not booked any new scrap material since July 13.The country is currently off work for the week-long religious holiday of...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday July 21.Key drivers The ferro-titanium price range widened higher in the week to July 21 on new deals against renewed demand from buyers ahead of new export duties from Russia which begin on August 31. The major consumers in the steel sector, however, have yet to emerge for longer term contracted deliveries and one steelmaker said t...Read More

German industrial giant Siemens plans to build "one of Europe's largest energy storage facilities" at Wunsiedel in eastern Germany, it announced on Monday July 19.The Siemens facility will have power capacity of 100MW and energy storage capacity for 200MWh, and will store electricity generated locally from surplus renewable energy. It will also cover demand peaks on the power grid. The electricit...Read More

Fastmarkets invited feedback from the industry on the pricing methodology for cobalt hydroxide index, via an open consultation process between June 16 and July 13. This consultation was done as part of our published annual methodology review process.No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.This consultation sou...Read More

Share this article TORONTO - Nighthawk Gold Corp. [NHK-TSXV, OTC-MIMZF] on Wednesday released more assays results form the main Colomac and Goldcrest deposits which are located within its Indin Lake gold property in Canada's Northwest Territories.The latest results are from a 2021, phase 1 program which is expected to consist of 41,420 metres with an approximate split of 45% on resource expansion...Read More

Share this article VANCOUVER - Gatling Exploration (TSXV:GTR)(OTCQB:GATGF) announced that it has entered into an Exploration Agreement with Matachewan and Wahgoshig First Nations relating to the Company's Larder project on January 1, 2019, as amended by Amending Agreement dated January 11, 2021.The Agreement sets out the framework by which the Company and the First Nations Groups will work togeth...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More

We spoke with Vincent Ledoux Pedailles, who is VP of Business Development for Vulcan Energy Zero Carbon Lithium. Vulcan Energy Resources (ASX: VUL) aims to decarbonize the transition to EVs, via world-first, Zero Carbon Lithium business, with Direct Lithium Extraction (DLE) tech & geothermal energy. Vulcan Energy is extracting geothermal brine, from the Upper Rhine Valley in Germany, producing ren...Read More

Domestic prices for heavy steel plate in Italy declined slightly in the week to Wednesday July 21 due to lower slab costs and mills' needs to book more orders, sources told Fastmarkets.Competitive import offers have also contributed to the softening of domestic prices.Southern EuropeOfficial offers for plate from Italian re-rollers have been heard at ?,?980-1,000 ($1,155-1,178) per tonne ex-works....Read More

Sentiment in the European hot-rolled coil segment has been mixed, with buyers in Northern Europe trying to assess impact of floods on the market and Italian buyers monitoring declining import prices, sources told Fastmarkets on Wednesday July 21.Across the European Union, trading activity has been limited while buyers wait for a clear market trend. Credit lines have been exhausted over the past fe...Read More

Three years ago, I made one of the best decisions of my life and bought a Jeep. You could call it love at first sight for myself and the sleek black Rubicon that looks better dirty than clean. It can also absolutely crumple a Tesla like a tin can without getting so much as a dent too.Little did I know at the time, but it turned out to be a better investment than I first thought.We all know that...Read More

Prices in the United States for domestic and imported carbon steel wire rod rose by $40 per ton in July, nearing an all-time high for domestic product and a record for imports.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was $55-57 per hundredweight ($1,100-1,140 per short ton) on Tuesday July 20, up by 3.70% from 53-55 per cwt on June 1...Read More

The Northern European market for steel wire rod was quiet in the week to Wednesday July 21, with prices being broadly flat, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?890-915 ($1,049-1,078) per tonne on Wednesday, the same as last week.The assessment was based on deals, offers and market participants'...Read More

Steel rebar prices in northern Europe edged up in the week to Wednesday July 21 despite a seasonal slowdown in buying activity, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was ?,?890-930 ($1,049-1,096) per tonne on July 21, up from ?,?880-930 per tonne. This marks its highest level since Fastmarkets start...Read More

The Turkish deep-sea scrap market reported no new trading activity on Wednesday July 21, because of the week-long Eid al-Adha public holiday.Turkish steel mils have not booked any new scrap material since July 13.The country is currently off work for the week-long religious holiday of...Read More

Iron ore prices fell on Wednesday July 21 due to steel production cuts in some Chinese provinces for the second half of 2021, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $214.79 per tonne,down $6.25 per tonne62% Fe low-alumina fines, cfr Qingdao: $216.17 per tonne,down $6.85 per tonne58% Fe fines high-grade premium, cfr Qingdao: $176.44 per tonne,down $5.83 per tonne65% Fe...Read More