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Base metals prices on the London Metal Exchange have rebounded this morning, Tuesday September 22, after weakness in equities on Monday dragged them lower.
Fastmarkets is proposing to introduce fallback measures to its two Chinese vanadium fob price assessments amid a significant drop in spot liquidity in China’s vanadium export market.
The London Metal Exchange will add to its aluminium pricing offering with a new cash-settled European duty-paid aluminium premium contract settled against Fastmarkets’ benchmark Rotterdam premium.
Hot-rolled coil prices in the United States jumped on Monday September 21, with buyers scrambling to meet their needs in a supply constrained market.
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