Prices for Brazil-origin slab started to stabilize in the week ended Friday January 22, with buyers and sellers seeing a shift in the mood, amid fears that prices could fall in the future.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was unchanged week-on-week at $760-780 per tonne fob on Friday.In the past couple of weeks, producers have raised their slab offe...Read More
Import prices for flat-rolled steel in South America softened in the week ended Friday January 22 with some Chinese mills accepting lower bids from clients."Some small-sized, privately owned mills in China are taking lower bids as long as they're in cash payment, in order to fund [their operations]," one trader source told Fastmarkets."Last week and this week," a source at a mill added, "we saw a...Read More
Indian domestic prices for secondary steel billet fell by 3,600 rupees ($49) per tonne in the week to Friday January 22, with the prices of both raw materials and finished products showing significant drops in the first half of the week.The price of steel billet, domestic, ex-works India, was assessed by Fastmarkets on January 22 at 35,200-35,400 rupees ($482-485) per tonne, down by 3,600 rupees p...Read More
A differentiated fee structure designed to drive member-to-member trade away from the telephone market is being proposed by the London Metal Exchange as part of its discussion paper. The goal is to incentivize trade on the exchange's electronic trading platform, LMESelect, and is proposed to be achieved by cutting fees to trade electronically while raising fees for the telephone market by around 5...Read More
Automakers are putting high hopes on 2021 amid a drive toward electrification and recovering demand.Mercedes Benz expects the share of hybrid and electric vehicles (EVs) in its sales portfolio to increase by 13% in 2021 after introducing four new Mercedes EQ models this year, including the EQA, EQB, EQE and EQS.The optimism is largely being supported by developments in Asia, which was a key driver...Read More
The London Metal Exchange base-metals complex finished the week to Friday January 22 on a broadly positive note, with most metals prices up from their Monday levels, albeit trading sideways from Thursday.Tin's three-month price showed the biggest rise of the week from Monday's closing price. Friday's 5pm price was $21,960 per tonne, up by 2.4% from Monday's closing price of $21,235 per tonne, but...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
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
Domestic prices for hot-rolled coil in Northern Europe were down slightly on Friday January 22, due to slow trading activity, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?711.25 ($863.64) per tonne on Friday January 22, down by ?,?1.75 per tonne from ?,?713.00 per tonne on Thursday January 21.The index was down ?,?...Read More
Chinese lithium spot carbonate prices have started to move higher and this is likely to underpin a recovery across the whole lithium complex, according to William Adams, Fastmarkets head of battery raw materials research and base metals."The Chinese spot price has led [lithium] prices on the way up and led prices on the way down, with the cif Asian prices and the Europe and North American prices f...Read More
Bolstered by historically low treatment charges (TCs) for copper concentrates and a strong base price for the red metal, Canadian producer Capstone Mining aims to be debt-free in 2021 and to hit 200 million pounds of copper production in 2022.Capstone - which operates the Cozamin mine in Zacatecas, Mexico, and the Pinto Valley mine in Arizona, in the United States - is aiming for 40% higher produc...Read More
The London Metal Exchange base-metals complex finished the week to Friday January 22 on a broadly positive note, with most metals prices up from their Monday levels, albeit trading sideways from Thursday.Tin's three-month price showed the biggest rise of the week from Monday's closing price. Friday's 5pm price was $21,960 per tonne, up by 2.4% from Monday's closing price of $21,235 per tonne, but...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
The copper concentrate market continued to be active this past week although treatment and refining charges (TC/RC) were unchanged after a marked drop two weeks ago. What you need to know High swells in Chile causing disruptions to January shipments there. Smelters in China continue to buy at lower levels, especially for March. Traders continue sharp bets on small tonnages tendered...Read More
Statistics released by the International Aluminium Institute on Thursday January 21 showed that global monthly aluminium production in December 2020 rose by 4.22% year on year.The total global production of primary aluminium in December was estimated to be 5.67 million tonnes, at a daily rate of 182,900 tonnes. The daily average production rate slipped by 0.33% month-on-month from November.Estimat...Read More
A summary of China's battery raw materials exports for December 2020.In brief Exports of cobalt tetroxide rose amid the continuous recovery of manufacturing activities and demand for batteries used in consumer electronics outside China. Lithium carbonate exports decreased both on a monthly and yearly basis due to no improvement in overseas demand. Lithium hydroxide exports increased on a monthly a...Read More
A summary of China's battery raw materials imports for December 2020.In brief Imports of cobalt metal rose amid a surge in import profits when the price in China started to rally in mid-December and the price in Europe was stable due to slow activities during the Christmas and New Year Day holidays. Lithium carbonate imports continued to grow year on year amid strong demand from China, driven by c...Read More
Base metals producer Vedanta Resources is seeking a sales partner in Europe to sell the copper rods produced at its Fujairah Gold venture in the United Arab Emirates (UAE), it said.Fujairah Gold produces 100,000 tonnes per year of continuous cast copper rod, a company announcement on social networking site LinkedIn said on Thursday January 21. The move is part of Vedanta's effort to diversify...Read More
Prices for cold-rolled and galvanized steel sheet in the United States climbed again - extending their historic highs - after buyers reported further challenges in competing for what little spot tonnage is offered by mills.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US rose to $64 per hundredweight ($1,280 per short ton) on Thursday January 21 from $63 per cwt on Janu...Read More
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