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China’s lithium prices held steady in the week to February 21, while a lack of downstream buying slowed spot market liquidity, domestic logistics resumed gradually and delays remained to be seen, sources said.
The three-month nickel price on the London Metal Exchange was lower during morning trading on Thursday February 20, with price action pressured by continued inflows of material into LME-registered warehouses, while aluminium futures neared the $1,700-per-tonne support level.
The outbreak of the novel coronavirus (2019-nCoV), intra-year demand volatility and seaborne supply uncertainty are likely to contribute to iron ore price volatility in the coming year, Australia miner BHP said.
HBIS Group’s Chenggang will conduct maintenance on one of its four blast furnaces (BFs) from Thursday February 20, which will reduce around 300 tonnes per month of vanadium pentoxide (V2O5) output, market sources told Fastmarkets.
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