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Sharp rises in carbon and energy costs, along with the introduction of “green steel” in Europe, will lead to changes to traditional pricing mechanisms in 2022, Fastmarkets understands.
China’s battery-grade lithium carbonate price continued to rally in the week to Thursday December 23, with spot supply drained by buyers’ continual restocking in the run-up to the year end. Elsewhere, prices also largely strengthened as a result of tight supply.
Seaborne iron ore prices rebounded on Thursday December 23 after a slight dip on Wednesday, with market participants optimistic that there will be an uptick in demand from steel mills at the start of 2022.
Base metals futures on the London Metal Exchange mostly rose during morning trading on Wednesday December 22, with the exception of tin, which experienced a mild drop.
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