Griffin, one of the few Western miners active in China, applied for the licence eight years ago.Read More

The prices of high- and low-carbon ferro-chrome in Europe rose on January 5 due to tight supply and stronger sentiment seeping into the European market from China. Fastmarkets' assessment of ferro-chrome high carbon 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe rose 2 cents (or 2.1%) to $0.92-1.07 per lb Cr from $0.90-$1.05 per lb Cr on December 29.Correspondingly, ferro-chrome high car...Read More

Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Wednesday January 6. Fastmarkets' alumina index, fob Australia is at its highest level since July 11, 2019 when it hit $309.17 per tonne and has surpassed the 2020 high of $305.46 per tonne reached on March 6. Key drivers  A fresh deal concluded today for 30,000 tonnes at $306 per tonne fob Australia, fo...Read More

Here are five Fastmarkets stories you might have missed on Wednesday January 6 that are worth another look.The import price for cargoes of steel billet to Southeast Asia started the new year flat even after sellers sought to raise offers to the market, sources told Fastmarkets.Read More

Cobalt metal prices in-whs Rotterdam rose in the first half of the week, with news of stockpiling activity in China spurring a flurry of activity and sellers holding offers firm in anticipation of further price increases. An alloy grade premium to the standard grade international benchmark emerged at the beginning of the week with higher price indications for alloy grade underpinned by tighter ava...Read More

Here are five Fastmarkets stories you might have missed on Wednesday January 6 that are worth another look.The import price for cargoes of steel billet to Southeast Asia started the new year flat even after sellers sought to raise offers to the market, sources told Fastmarkets.Read More

Turkish steel producers have resumed their deep-sea scrap purchasing for February-shipment cargoes at strengthening prices, sources told Fastmarkets on Wednesday January 6.A steel mill in the Marmara region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $478 per tonne and 10,000 tonnes of shredded at $488 per tonne cfr.Another steel mill in the Izmir region booked a European car...Read More

Fastmarkets has corrected its daily Turkish steel scrap indices, which were published incorrectly on Wednesday January 6 due to a technical error.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey should have been $475.14 per tonne, instead of $464.17 per tonne as previously published.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix...Read More

Markets seem to be anticipating a Democratic win in the Georgia Senate run-off this morning, Wednesday January 6, and that could be bullish for commodities because a Democratic-controlled US Congress could push through larger fiscal stimulus packages.A Democratic-controlled Congress could, however, cause some headwind for some sectors of the equity markets, although those involved in the rollout o...Read More

Share this article VANCOUVER - VanadiumCorp Resource Inc. [VRB-TSXV; APAFF-OTCBB; NWN-FSE] has signed a memorandum of understanding for a trilateral partnership with Conoship International Projects BV from the Netherlands and Vega Reederei and Partners GmbH from Germany.Key engineering work is planned to commercially develop next-generation vanadium redox flow-battery technology and high-energy...Read More

Cobalt metal and salts prices in China rose in the first half of the week with some suppliers holding back from sales amid tightened supply and in anticipation of a further price rally. Metal suppliers in China succeeded in filtering through higher offers so far this week on the back of optimism for another round of stockpiling from China's State Reserve Bureau (SRB) and the resultant spot su...Read More

Norway loves Tesla (NASDAQ: TSLA)In 2019, Tesla was the number one electric car of choice in the Land of the Midnight Sun.But today, that top spot goes to Volkswagen (OTCBB: VWAGY), after the company's Audi electric vehicle sales clocked in at 9,277 in 2020. Tesla came in second place with 7,770.Although these numbers may not seem like much if you live in the U.S., in Norway, electric cars rep...Read More

The 18 members of OPEC and OPEC+ have reached an agreement to keep oil production at its current levels until March. The news sparked a surge in crude prices yesterday and reinvigorated my expectations that prices will hit $60 per barrel, and soon.Brent crude was up 4.13% early Tuesday and West Texas Intermediate (WTI) soared as high as 5.1%, briefly eclipsing $50 per barrel through midday trading...Read More

Hot-rolled coil prices in the United States rebounded on Wednesday January 6, but talk of lower deals remained in the market. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $51.54 per hundredweight ($1,030.80 per short ton) on January 6, bouncing back up by 2.22% after falling to $50.42 per cwt on Tuesday January 5 and 0.57% higher than $51.25 per cwt on December 30,...Read More

All Turkish flat steel prices increased sharply in December 2020, and the market was expected to remain steady in January because of globally strong demand for steel products, Fastmarkets heard on Wednesday January 6.Turkish hot-rolled coil producers were fully booked until April, and market participants believed that buying would remain strong in January, provided that prices remained firm.Global...Read More

Domestic prices for heavy steel plate in Europe were unchanged over the week to Wednesday January 6 due to the seasonal slowdown in market activity, sources have told Fastmarkets.Neither producers nor buyers have returned to the market from the Christmas and New Year holidays in the region.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?600-620 ($...Read More

The prices for steel hollow sections in Europe have remained unchanged over the past week, with many market participants still on their Christmas and New Year holidays, sources told Fastmarkets on Wednesday January 6.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?800-820 ($982-1,007) per tonne on Wednesday, unchanged from the previous assessm...Read More

The price of steel H-beams in Europe has already gone up this week, ahead of mills returning to the market after the New Year holiday break, with further large increases expected, sources told Fastmarkets on Wednesday January 6.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?700-720 ($859-884) per tonne on Wednesday, up from ?,?655-680 per tonne in...Read More

The European markets for steel mesh-quality wire rod were silent in the week to Wednesday January 6 while holidays continued, but with sentiment increasingly bullish amid tight supply and expected price rises for scrap feedstock, sources have told Fastmarkets.Northern EuropeFastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?630 ($773...Read More

Turkish steel producers have resumed their deep-sea scrap purchasing for February-shipment cargoes at strengthening prices, sources told Fastmarkets on Wednesday January 6.A steel mill in the Marmara region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $478 per tonne and 10,000 tonnes of shredded at $488 per tonne cfr.Another steel mill in the Izmir region booked a European car...Read More