The price for UK light iron scrap moved up for the first time in five weeks on Friday February 19, linked to tight supplies and an improving international market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?140-150 ($195-209) per tonne on Friday, up from ?120-135 per tonne on February 12.Prices we...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer this morning, Friday February 19, on the back of expectations for stronger demand from a widespread recovery and due to the underlying momentum.There are potential headwinds – namely the rising US treasury yields and talk that US taxes may have to rise to help pay for the pandemic respo...Read More

The export market for pig iron from the Commonwealth of Independent States increased during the week to Thursday February 18 on sales to Italy. Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $500-515 per tonne on Thursday, rising $5 from $495-510 per tonne a week before. "It seems the market in the Mediterranean region [including Ita...Read More

Iron ore prices drifted down on Friday February 19, on weakening demand from Chinese steel mills, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.55 per tonne, down $1.50 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.00 per tonne, down $1.50 per tonne58% Fe fines high-grade premium, cfr Qingdao: $159.21 per tonne, down $1.01 per tonne65% Fe Brazil-origi...Read More

New structures to lithium contracts will provide more flexibility to raise prices in response to improving market conditions, United States-based lithium producer Albemarle said during an earnings call on Thursday February 18.The call followed the release of the company's full-year and fourth-quarter financial results for 2020.Eric Norris, the company's president of lithium operations, said that n...Read More

NextEra Energy (NEE), an S&P 100 stock moved below $79.61 completing a double top pattern.Pre-opening Comments for Friday February 19thU.S. equity index futures were higher this morning. S&P 500 futures were up 15 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US79.28 cents following release following release of Canada's December Retail Sales report at 8:30 AM...Read More

The seaborne low-volatility pulverized coal injection (PCI) cfr price declined on Friday February 19 on alleviated Russian-origin material supply tightness while the majority of Australian coal cargoes were still in anchorage, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $141.13 per tonne, down $0.13 per tonnePremium hard coking coal, cfr Jingtang: $217.48 per tonne, unchang...Read More

China's domestic rebar prices rose further on Friday February 19 albeit at a slower pace amid low trading activity. DomesticEastern China (Shanghai): 4,470-4,500 yuan ($692-696) per tonne, up by 20 per tonne Northern China (Beijing) - weekly assessment: 4,330-4,370 yuan per tonne, up by 210-220 per tonne from February 5 More sellers returned to work during the day, but end users are still on holid...Read More

Bullish sentiment continued to drive trading on the London Metal Exchange on Friday February 19, with copper, nickel and tin rising again to new highs, even as potential headwinds start to emerge for the base metals complex. Copper's three-month price extended to $8,737 per tonne on Friday morning, its highest in nine years. By 9am, it was at $8,720 per tonne, 1.95% higher than its Thursday closin...Read More

China's hot-rolled prices declined on Friday February 19 amid low trading activity after rallying a day earlier following a weeklong public holiday for the Chinese New Year.DomesticEastern China (Shanghai): 4,680-4,720 yuan ($723-730) per tonne, down 30-60 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,660-4,680 yuan per tonne, up 330 yuan per tonneWhile some sellers issued offers...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 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...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 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.....Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More

Key data from Fastmarkets' pricing sessions in Europe and the United States for the week ending Friday February 19.Europe The market edged slightly upward, with around four truckloads purchased at ?,?1,310 ($1,581) per tonne and some sources reporting that cheaper material was no longer available....Read More

European plate and structural (P&S) scrap is emerging as a possible source of imported ferrous scrap for Chinese mills at competitive prices to Japanese heavy scrap (HS) materials, Fastmarkets heard.A 10,000-tonne P&S cargo from Europe was heard sold to a major eastern China steel mill at $460-470 per tonne cfr China this week, although the rumored buyer did not confirm this. P&S is the name given...Read More

Taiwanese importers of containerized ferrous scrap have had to pay more for their supplies after a swift rebound in Asian scrap prices following the Lunar New Year holidays in the region.Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $410-415 per tonne on Friday February 19, an increase of $10-20 from Thursday's pric...Read More

China's domestic lithium carbonate price increased by 4.4% over the week to Thursday February 18 supported by tight supply in the spot market, while the Asian seaborne lithium hydroxide market moved up for the first time in five months influenced by China's price upturn.China's domestic battery-grade lithium carbonate market continued its uptrend supported by spot material shortage, although buyin...Read More

Amidst a growing move towards electrification and emerging concerns about the sourcing of raw materials, base and battery metals exploration and development assets in North America are on investors' radar screens. Below, we provide an overview of eight companies in the space.Canada NickelThe core shack at Canada Nickel's Crawford project in Ontario. Credit: Canada Nickel Company.After listing on t...Read More