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The metals and mining market is going through a period of fundamental change. The industry is racing to meet decarbonization targets; all while supply chains are being tested to their limits. Production capacity is changing as new supply comes online. The ongoing war in Ukraine and other market forces have created unprecedented price volatility and imbalances in supply and demand.
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Following a two-week consultation period, which concluded on Thursday February 5, Fastmarkets has amended the publication time of the indices for MB-IRO-0011 iron ore 61% Fe fines, fot Qingdao, yuan/wet tonne, and MB-IRO-0022 iron ore 61% Fe fines, fot Qingdao, $/dmt conversion from daily at 6:30pm Singapore time to daily at 6:30pm Shanghai time, as well as to […]
The rationales for the two indices were not in the appropriate sections and a discard judgement was omitted. The rationales have been corrected as follows: Pricing rationale for MB-IRO-0191 on 06 Feb 2026Fastmarkets’ index for iron ore 61% Fe fines, CFR Qingdao fell by $1.36 per tonne from the previous day. The price movement was based on […]
The United States convened more than 50 countries in Washington this week for a critical minerals summit that delivered a flurry of new initiatives designed to reshape the geopolitics — and pricing mechanics — of minerals essential to semiconductors, electric vehicles and the defense supply chain.
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
A new US initiative to establish a stockpile of critical minerals for the civilian economy could add pressure to already stretched supply, market participants told Fastmarkets on Tuesday February 3 and Wednesday February 4.
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price […]
The price subject to this annual review is Fastmarkets’ MB-STE-0141 steel billet import, cfr Manila, $/tonne.This consultation, which is open until Friday March 6, seeks to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies (PRAs). This […]
The proposal to increase the publication frequency from monthly to weekly comes amid increased volatility of copper on the London Metal Exchange, while copper scrap discounts have been shifting on a more regular basis. This more frequent assessment will enable Fastmarkets to reflect market dynamics in a timelier manner, as well as capture more spot […]
Fastmarkets has corrected its assessments for Shanghai bonded nickel stocks on January 30.
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