The recent rally in the light iron steel scrap market in the UK extended into a third week amid a persistent tightness of supply into yards and firm demand for exports, sources told Fastmarkets on Friday March 5.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?150-165 ($209-230) per tonne on Friday, up from ?145-160 per tonne...Read More

Turkish steel mills continued their deep-sea scrap purchases for April shipments on Friday March 5, with support coming from finished steel sales in the global markets, sources said.A steel mill in the Marmara region booked a Baltic Sea cargo comprising HMS 1&2 (80:20) at $458.50 per tonne cfr and bonus-grade scrap at $468.50 per tonne cfr.A steel mill in the Iskenderun region booked a cargo from...Read More

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

China's hot-rolled coil prices plunged on Friday March 5 amid a futures retreat, triggered by a stronger United States dollar amid investor expectations for the US to raise interest rates to ease inflation.DomesticEastern China (Shanghai): 4,800-4,830 yuan ($742-747) per tonne, down 150 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,880-4,930 yuan per tonne, up 80-120 yuan per tonn...Read More

Iron ore prices declined on Friday March 5 due to weak iron ore demand amid the strict emissions restrictions and further air pollution control plans in Hebei, , sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $174.11 per tonne, down $3.87 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.66 per tonne, down $3.41 per tonne58% Fe fines high-grade premium, cfr Qin...Read More

Fastmarkets examines these questions following Tsingshan's announcement - believed to be a game changer for the nickel market - mainly focusing on the EV demand outlook, raw materials and the implications on exchanged-traded nickel pricing in the future as well as some uncertainties.Nickel matte has suddenly gained a lot of market attention after Chinese stainless steel producer Tsingshan Holding...Read More

The London Metal Exchange copper price led a broad price recovery across the base metals complex in morning trading on Friday March 5. Trading at $8,843 per tonne, the LME three-month copper price was up by 3% against Thursday's 7pm close, but still down 0.72% against the 5pm close, reflecting how metal market prices sold off sharply throughout yesterday following bearish fundamental and macr...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 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...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 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.Read More

The spot cobalt market was treading water on Thursday March 4 while market sources mulled whether falls in copper, nickel and Chinese cobalt futures prices could spill over to hit benchmark cobalt metal prices, sources told Fastmarkets Fastmarkets' benchmark price assessment for cobalt standard grade, in-whs Rotterdam stood at $24.75-25.65 per lb on Thursday, unchanged from the previous day b...Read More

Key data from the March 5 pricing session in London.Key drivers Slow inquiries lead sellers to adjust their price expectations during the second half of the week, and the ferro-molybdenum market consolidates around $28.50 per kg. Market sources...Read More

China has turned the nickel market on its head after the world's biggest stainless-steel producer, Tsingshan Holding Group, this week agreed to supply about 100,000 tonnes of matte (containing approximately 65-75% nickel) to Huayou Cobalt and battery materials maker CNGR Advanced Material.The news signals that the mainly Chinese-funded nickel pig iron (NPI) producers in Indonesia are now looking a...Read More

On April 11th, Ecuadorians choose a new president with critical implications for the country's nascent mining industry.For many, the vote is a referendum on the legacy of former president Rafael Correa, who ran the country for a decade until 2017. Riding the oil boom, he spent heavily on infrastructure and welfare but left the country's finances in ruins.It has been up to his successor (and former...Read More

Electric car maker Tesla (NASDAQ: TSLA) will become a technical adviser at the conflict-ridden New Caledonia nickel mine, as part of the company's attempt to secure enough supply of the key battery metal, which CEO Elon Musk has singled out as his biggest concern.Political leaders in the French Pacific territory agreed on March 4 to sell a majority stake in Vale's (NYSE: VALE) nickel business to...Read More

Resource nationalism has spiked in more than 30 countries over the last year and more than half of those nations are key producers of minerals and hydrocarbons, a new study reveals.The growing trend, paired with the economic impacts of Covid-19, has heightened governments' rising appetite for greater control over mineral revenues, the latest research from risk consultancy Verisk Maplecroft shows....Read More

Petra Diamonds (LSE: PDL) has sold a 299.3 carat diamond recovered in January at its iconic Cullinan mine, in South Africa, to Belgium-based Stargems DMCC for US$12.18 million.The exceptional Type 11a white gem-quality rock achieved a price of U$40,701 per carat, which exceeds the US$34,386 per carat received for the 424.89 carat "Legacy of the Cullinan Diamond Mine" in May 2019. The freshly so...Read More