Prices for seaborne low-volatility pulverized coal injection (PCI) material in both the fob and cfr markets declined on Friday March 5, with limited buying interest and low supply, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $122.99 per tonne, down by $1.46 per tonnePremium hard coking coal, cfr Jingtang: $214.51 per tonne, unchangedHard coking coal, fob DBCT: $...Read More

The prices of most base metals on the London Metal Exchange closed lower week-on-week on Friday March 5, coming off highs realized at the end of February.The nickel three-months LME Daily Official price closed at $16,425 per tonne in Friday's session and showed the steepest decline, down by 11.5% compared with the corresponding time last week.Supply-side nickel issues helped to stoke bearish senti...Read More

Steel scrap prices continued to surge this week due to sustained demand from buyers in all markets, with the exception of India. Downstream steel prices have supported raw material price increases in Asia, with buyers melting scrap to feed demand for billet and long steel products.Turkey books Canadian, Baltic Sea scrapUS export prices to go higherVietnam buys deep-sea bulk cargoesTaiwan chases co...Read More

China's production of refined zinc and concentrates will increase in 2021, with new mining projects and a recovery in existing domestic production boosting its capacity, attendees at an International Zinc Association (IZA) virtual panel discussion heard on Wednesday March 3.Fewer production interruptions caused by environmental inspections at domestic smelters, new projects coming online and a ram...Read More

Spot copper concentrate treatment and refining charges (TC/RCs) fell sharply to fresh multi-year lows on Friday March 5 due to smelters competing with traders for direct-from-mine cargoes. Fastmarkets' benchmark copper concentrates TC index, cif Asia Pacific...Read More

Fastmarkets has corrected its price assessment for the aluminium 6063 extrusion billet premium, in-whs dp Rotterdam, which was published incorrectly on Friday February 26 due to a reporter error. The price assessment for aluminium 6063 extrusion billet premium, in-whs dp Rotterdam should have been $440-470 per tonne, instead of $440-490 per tonne as published. This occurred due to a calculati...Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More

Deliverable base metals stocks at Shanghai Futures Exchange-registered warehouses mostly rose in the week to Friday March 5, except nickel, which recorded a 14.4% plunge in inventory, according to the exchange's latest stocks report. Nickel stocks totaled 11,393 tonnes on Friday, a fall of 1,913 tonnes (or 14.4%) from 13,306 tonnes a week earlier. The outflows mainly occurred at warehouses operat...Read More

Low-carbon primary aluminium is not yet commanding a premium in Europe but deals have been concluded with a low-carbon premium for aluminium billet and slab, participants told Fastmarkets.Fastmarkets assessed its new aluminium low-carbon differential P1020A, Europe at zero on Friday March 5."For P1020A it is still pretty hard to command any extra differential for low-carbon units, we have tried bu...Read More

ArrowMetals will become a seller of nickel sulfate after agreeing a tolling arrangement with Cyprus refinery Hellenic Minerals to produce battery-grade material.Arrow, which is part of Arrow Resources, based at Steinhausen in Switzerland, has entered into a tolling agreement to supply Hellenic Minerals with the laterite raw materials needed to produce battery-ready sulfate containing 10,000 tonnes...Read More

Indian steel mills have cut domestic hot-rolled coil prices for March sales by 1,000 rupees ($14) per tonne on sluggish demand and lower domestic iron ore prices.Fastmarkets' price assessment of steel hot-rolled coil domestic, ex-warehouse India was 54,000-55,250 rupees per tonne on Friday March 5, down by 1,000 rupees from last week's assessment of 55,000-56,250 rupees per tonne. ...Read More

Hot-dipped galvanized (HDG) and color-coated coil prices in Turkey rose further during the week to Friday March 5, supported by strong demand in domestic and export markets, especially Africa, sources told Fastmarkets.Market participants believe prices will keep climbing in line with the price increases seen for hot-rolled coil, the base product for coated coil.Fastmarkets' weekly price assessment...Read More

Huntsman Exploration says early indications from its new 16-hole, 3500m drill programme at the Canegrass project in Western Australia show strong nickel sulphide intersects among targets located along a 7km mineralised trend. The programme follows up on the company's 2018 success, which according to CEO Peter Dickie, show massive potential.Although assays from the current programme are pending, ni...Read More

Prices for CIS-origin steel billet in the Black Sea market remained largely unchanged on Friday March 5 with more reported sales to Turkey.A cargo from a small Russian mill was sold at "slightly above $610 per tonne cfr," one market source said. Considering the current cost of freight, around $25 per tonne, the price would be equivalent to $586 per tonne...Read More

The stars have aligned and shine bright over a certain hillside on South Australia's Copper Coast - just a couple of hours drive from the capital city of Adelaide.It's there, on the Yorke Peninsula, where Rex Minerals' Hillside copper-gold project resides. It's shovel ready with 2 million tonnes of relatively easy-to-develop copper and is well positioned to be swept up in the commodity's highly-to...Read More

Brazilian auto vehicle production fell by 3.5% in February 2021 compared with the corresponding month of 2020 on low exports and raw material supply disruptions, national automaker association Anfavea said on Friday March 5.The country produced 197,035 units in February, down from 204,206 units year on year. This is the lowest level recorded since 170,700 units in July 2020 - when the industry was...Read More

Sentiment in the European hot-rolled coil market was upbeat on Friday March 5, supported by a shortage of material in the market and solid demand, sources told Fastmarkets.ArcelorMittal raised official offers for HRC to ?,?800 ($962) per tonne ex-works on Friday, up by ?,?50 per tonne, following the recovery of domestic prices earlier this week. Downstream coil product offer prices, meanwhile, mov...Read More

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More

Global miner Anglo American plans to reach a production level of 26.50 million tonnes per year at its Minas-Rio iron ore project in Brazil between now and 2025 as it goes ahead with the ramping-up of the unit's output.The targeted volume was equivalent to the project's nominal production capacity.To reach such a level, Anglo American expects to invest $1.3 billion in its Brazilian iron ore...Read More

Prices for shredded steel scrap imported into India and Pakistan were largely unchanged over the week to Friday March 5 on lackluster interest among mills, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $460.86 per tonne on Friday, only slightly up from $459.75 per tonne one week earlier.A deal was heard at $455 per to...Read More