Turkish steelmakers continued to hold back from deep-sea scrap purchases at the end of the week, due to poor sales of finished long steel and billet, sources said on Friday January 22.After the most recent deep-sea transaction heard on January 20, at $440 per tonne cfr on an HMS 1&2 (80:20) basis, Turkish steel producers stepped back from the markets.The transaction on Wednesday pushed the da...Read More

The first delivery of imported scrap to arrive in China since last month's relaxation of import restrictions has been held up by delays at the port, market sources told Fastmarkets on Friday January 22.The bulk vessel of Japan-origin heavy scrap was sold to a Chinese steelmaker early in January.The vessel was originally expected to arrive at port in Shanghai this week, according to a loc...Read More

Seaborne premium hard coking coal price in the cfr market edged up on Friday January 22, on higher offers for Canada-origin coal, but fob prices remained relatively flat, with no transactions heard during the day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.99 per tonne, down $0.48 per tonnePremium hard coking coal, cfr Jingtang: $212.95 per tonne, up $1.13 per tonneHard c...Read More

Iron ore prices fell on Friday January 22 due to a negative near-term outlook following the introduction of stronger measures to control the resurgence of Covid-19 cases in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $169.97 per tonne, down $1.54 per tonne 62% Fe low-alumina fines, cfr Qingdao: $170.90 per tonne, down $1.36 per tonne 58% Fe fines high-grade premium, cfr Qingdao:...Read More

Latest analysis from recent activity on the CME's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam. Key data Jan 20, 2021, 30 tonnes (10 tonnes each for March ($17.95 per lb), April ($18.00 per lb), May ($18.05 per lb)) Jan 11, 2021, 15 tonnes (5 tonnes each for February, March and April, all at $17.45 per lb)&n...Read More

China's domestic rebar prices edged up slightly on Friday January 22, but they remain lower than a week earlier on softening demand ahead of the Chinese New Year holiday.DomesticEastern China (Shanghai): 4,260-4,290 yuan ($659-663) per tonne, widening upward by 10 yuan per tonne Northern China (Beijing) weekly assessment: 4,060-4,110 yuan per tonne, up by 40-50 yuan per tonnePrices in eastern Chin...Read More

The London Metal Exchange complex traded downward on Friday January 22 morning, with nickel down the most with a 1.5% drop and metals relenting on their recent rises due to the 'Biden bounce', even as the dollar continued to weaken. LME tin's three-month price was at $21,935 per tonne, for example, shortly after 9am, a slight move sideways from its Thursday closing price of $22,000 per tonne. ...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been up across the board a day earlier, while markets generally seem to be taking a breather after the enthusiasm the US presidential inauguration brought. Republicans in US Congress thought to be willing to work with President Joe Biden on his $1.9 trillion...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 22.USAThe US manganese alloys markets continued their uptrend this week while thin available inventory and renewed demand strength continue to drive price strength.Lagging US imports and global production cutbacks have been credited with creating the present shortage of material on the groun...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...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 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 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 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 assessed Cobalt standard grade,...Read More

For a junior exploration company that started trading on the TSX Venture Exchange in late November 2020, Whitehorse Gold (TSXV: WHG) has made significant progress at its 100%-owned Skukum gold project in the southern Yukon, about 55 km south of Whitehorse.The 170 sq. km project consists of the Skukum Creek and Goddell gold deposits, and the past-producing Mt. Skukum gold mine, which produced 79,...Read More

South African miner Gold Fields (NYSE: GFI) has formally begun construction of the mining infrastructure for its Salares Norte project in northern Chile.The company expects to complete the US$860 million project in late 2022, with first gold production in early 2023.About 15% of the construction has already completed, Gold Fields said. That includes a mining camp for 1,800 people, related in...Read More

Haywood Securities is raising its price forecasts for copper this year from US$3.00 per lb. to US$3.50 per lb.; for zinc from US$1.10 per lb. to US$1.25 per lb.; and for nickel to US$8.00 per lb. from US$6.75 per pound.Looking beyond 2021, Haywood's forecast for 2022 is US$3.50 per lb. copper; US$1.20 per lb. zinc; and US$8.50 per lb. nickel."The economic recovery is building, demand for metals is...Read More

Australian rare earths miner Lynas Corp.'s (ASX: LYC) shares jumped on Friday after it announced a deal with the U.S. government to build a commercial light rare earths separation plant in Texas.The facility, expected to produce about 5,000 tonnes of rare earths a year, would help Washington's push to secure domestic supply of essential minerals used in magnets and motors that power phones, wind...Read More

Prices for steel scrap across Asian markets have plummeted in recent days due to weak sentiment and buyers abstaining from purchases, market participants told Fastmarkets on Friday January 22.Asian markets started the week with a slump amid lower steel consumption and falling ferrous futures in China.Market expectations of further price drops ahead of the Chinese New Year - observed in a week-long...Read More

Taiwanese scrap buyers have stayed away from the import markets on sharply correcting prices during the week to Friday January 22, markets sources told Fastmarkets.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $400-405 per tonne on Friday, down $5 per tonne from a day earlier and down by $26-30 per tonne...Read More