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Mixed month ahead for base metals prices as optimism over China cools
Base metal futures on the London Metal Exchange are showing little signs of change as China's potential economic stimulus failed to materialize in June causing sentiment of rebounding Chinese demand to dampen
July 5, 2023
·
By the Fastmarkets team
Insights
Can China’s cheaper nickel sulfate make its way overseas?
Chinese participants are mulling over nickel sulfate exports into neighboring Japan and South Korea, with the main driver the regional price gap between China and these countries, Fastmarkets heard on Tuesday June 27
June 30, 2023
·
By Yiwen Ju
Insights
China extends NEV purchase tax breaks to 2027
China will extend its tax breaks for the purchase of new energy vehicles (NEVs) between 2024 and 2027
June 21, 2023
·
By the Fastmarkets team, Carrie Shi, Zihao Li, Yiwen Ju
Insights
Proposal to amend specifications for South Korea black mass payable indicators
Fastmarkets proposes to amend the specifications for its weekly payable indicators for black mass in South Korea.
June 9, 2023
·
By Lee Allen
Insights
Wave Nickel buys Brazil ops to make Ni-Co MHP with microwaves
Luxembourg-headquartered Wave Nickel is investing close to $300 million to make nickel-cobalt mixed hydroxide precipitate (MHP) in Midwestern Brazil with a new proprietary microwave technology, it told Fastmarkets
May 17, 2023
·
By Renato Rostás
Insights
LME nickel stocks at multi-year low
London Metal Exchange (LME) warehouse nickel stocks have reached their lowest point since 2007 on Wednesday May 3, following gradual withdrawals in recent weeks
May 5, 2023
·
By Callum Perry
Insights
Indonesia to prioritize domestic MHP production
Indonesia will stop providing licenses for new nickel pig iron (NPI) facilities and will assess the position of nickel matte due to concerns over nickel ore availability
May 4, 2023
·
By Callum Perry
Insights
South Korea’s Ecopro starts nickel cathode plant construction in Hungary’s growing into e-mobility hotspot
South Korean battery materials producer Ecopro BM announced on Friday March 21 that construction works have started for its nickel cathode manufacturing plant in Debrecen, Hungary
April 28, 2023
·
By Dalila Ouerghi
Insights
INSG forecasts 2023 nickel surplus amid increase in Class 2 supplies
The International Nickel Study Group (INSG) forecasts a global nickel market surplus of 239,000 tonnes for 2023, mainly driven by an increase in Class 2 supplies
April 28, 2023
·
By Callum Perry
Insights
Arbitrage emerges between MHP pricing mechanisms amid lower Chinese domestic nickel sulfate prices
A growing arbitrage has emerged between the different pricing mechanisms for nickel mixed hydroxide precipitate (MHP) while nickel sulfate prices come under pressure and demand weakens
April 21, 2023
·
By the Fastmarkets team, Callum Perry, Yiwen Ju
Insights
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