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CME spodumene futures contract sees trading activity on launch day
The Chicago Mercantile Exchange’s cash-settled spodumene concentrate futures contract was traded for the first time on Monday October 28, the day the contract launched.
October 28, 2024
·
By Callum Perry, Zihao Li, the Fastmarkets team
Insights
US Treasury’s finalized Section 45X a big win for secure supply chains, aluminium manufacturing: sources
On Thursday October 24, the US Department of Treasury and the Internal Revenue Service (IRS) released the final rules regarding the Section 45X credits under the US Internal Revenues Code. The final rules clarify definitions and confirm credit amounts for eligible components, including solar and wind energy, inverters, qualifying battery components and applicable critical minerals. […]
October 28, 2024
·
By Yasemin Esmen
Insights
New stimulus measures could boost Chinese lumber demand
In late September, the People’s Bank of China (PBOC) announced a cut in the existing mortgage rate by an average of 50 basis points.
October 25, 2024
·
By Peter Malliris
Insights
GEMCO’s manganese ore suspension: a volatile market driven by weak Chinese steel demand, panic buying
Prices for seaborne high-grade manganese ore have plunged in October 2024, with producers announcing cuts to production and exports amid poor levels of purchasing in China But the most recent price drop was merely the latest dramatic move in a period of increased volatility, following the suspension of operations at South32’s Groote Eylandt Mining Co […]
October 25, 2024
·
By Tina Tong, Holly Chant
Insights
Global nickel premiums stagnant amid falling LME nickel price
Nickel premiums remained stable worldwide, with the London Metal Exchange's three-month nickel price hitting its lowest point since mid-September.
October 25, 2024
·
By Dylan Duan, James McKeigue
Insights
Chinese nickel pig iron prices push up to 11-month high
Nickel pig iron (NPI) prices in China continued to climb in the week to Friday October 18, on an increase in tradbg amid positive sentiment, sources told Fastmarkets.
October 24, 2024
·
By Laura Li
Insights
Final decision on open consultation to methodology for European packaging paper and board and changes to sack kraft assessments
This consultation was done as part of our published annual methodology review process. No formal feedback was received during the consultation period and therefore Fastmarkets will proceed with the following proposed changes. Following extensive market research, Fastmarkets proposed to launch new assessments for bleached and unbleached European sack kraft to provide assessments that are more […]
October 24, 2024
·
By the Fastmarkets team
Insights
Argentine soybean oil premiums surge and surpass US bases
Soybean oil premiums in Argentina have surged since the beginning of the month, to trade at one of the highest levels on record since Fastmarkets started following the market in 2018, with volumes for nearby deliveries pressured by Indian demand and a slow pace of farmer sales, according to sources
October 23, 2024
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By Eduardo Tinti, Leticia Pakulski
Insights
GM, LAC sign $625-million agreement in push to secure lithium supply in the West
The Vancouver, Canada-based Lithium Americas (LAC) entered into a new $625-million investment agreement with the US automaker General Motors (GM) for establishing a joint venture to fund, develop, construct and operate LAC’s Thacker Pass lithium mine, the company announced on Wednesday October 16.
October 23, 2024
·
By Yasemin Esmen
Insights
Early publication of Asia ferro-silicon price assessments
Publication of Fastmarkets’ price assessments for three Asia ferro-silicon products on Wednesday October 23 was earlier than the time of 2pm UK stipulated in the methodology, due to a procedural lapse.
October 23, 2024
·
By Norman Fong
Insights
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