Zinc and lead prices continued on their upward trajectories on the morning of Friday February 12, which the nickel price fell by 1.3% on a day that is likely to see little trading due to the Chinese New Year. The three-month zinc price rose to $2,795 per tonne at 9am from Thursday's closing price of $2,789.50. It rose 2.4% on Thursday from the previous day, and its weekly gain is of around 6%. It...Read More
With Greater China on holiday, base metals trading on the London Metal Exchange has been quiet this morning, Friday February 12, with prices little changed and trading volumes light - but so far prices are holding up in high ground.The outlook for metals demand is strong, but could it be derailed by the global semiconductor shortage?Base metalsThree-month base metals prices on the L...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael...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 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....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...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...Read More
Norway-based silicon and ferro-silicon producer Elkem has signed an agreement to acquire a new plant near Lyon, France, to produce highly specialized organo-functional silicones, the company said on Wednesday February 10.The exact purchase price has not been disclosed, although the final price 'is in the low double-digit millions of euros,' Elkem said.The company expects the plant to start product...Read More
The price of flat-rolled stainless steel in Europe continued to surge higher in the week to Friday February 12 on high raw materials costs and long delivery times, market sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?2,600-2,650 ($3,153-3,214) per tonne on Friday, up by ?,?10...Read More
Israeli diamond and mining tycoon Beny Steinmetz is betting on Brazil's authorities in his battle against Vale (NYSE: VALE).In January, the billionaire businessman was found guilty of bribing a public official to secure the giant Simandou iron-ore mine in Guinea. He was sentenced to five years, but his lawyers say they will appeal all the way to the Supreme Court.Steinmetz and two colleagues were...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationAn attempt by Gamestop-inspired retail investors to trigger a short squeeze on the silver...Read More
Ambler Metals, a joint venture between Canada's Trilogy Metals (TSX, NYSE: TMQ) and Australia's South32 (ASX: S32; LSE: S32), has inked a development funding agreement with the Alaska Industrial Development and Export Authority (AIDEA) aimed at building a critical road for a copper-zinc-gold project in the state's northwest.The partnership, formed in 2019, seeks to eventually develop the Upper K...Read More
Turkish steelmakers continued to purchase deep-sea scrap for March shipment at largely stable prices on Friday February 12, sources told Fastmarkets.A steel mill in the Marmara region booked a United States cargo comprising 15,000 tonnes of HMS 1&2 (80:20) at $410 per tonne and 15,000 tonnes of shredded at $415 per tonne cfr late on Thursday.A steel mill in the Iskenderun region was heard booking...Read More
The prospects for the global long steel market in 2021 remain rather optimistic despite some fluctuations, the International Rebar Producers & Exporters Association (Irepas) said on Wednesday February 10. "2021 looks very likely to be a year of rebound, a year of multilateral boosts to the global resurrection, with less political uncertainty. It is highly likely that demand will be good this year,...Read More
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