Fastmarkets is inviting feedback from the industry on the pricing methodology for several vegetable oils and meals prices as part of its announced annual methodology review process.

Mining executives are weighing the benefits and challenges of Chinese partnerships while grappling with price slumps and the looming impact of the US Inflation Reduction Act.

Chilean copper producer Codelco has not yet concluded negotiations for its 2025 premium offer to European customers but remains optimistic that the recent stimulus in China will provide a further boost to demand, the company’s chairman told Fastmarkets.

The process to pick a partner for Codelco’s lithium properties in the Maricunga salt flat is highly competitive, with a result due at the start of 2025, the company’s chairman told Fastmarkets.

The copper concentrates market was suffering from a dislocation that would probably lead to smelting cuts, the chairman of Chilean state-owned producer Codelco has said.

Read how Fastmarkets is introducing a regional graphite price benchmark for the US

Ferro-chrome markets in Europe have changed in 2024, and not just because the European quarterly benchmark finally ended in June: other changes have also taken place, in terms of pricing structure, sources of material and end-user demand, or lack thereof.

New mining frontiers were emerging but, ahead of the London Metal Exchange’s LME Week event, industry executives have warned of a supply squeeze, with regulatory hurdles and the costs of being ‘green’ hindering the production of copper and other critical minerals

The deadly storm may lead to a temporary near-to-medium-term uptick in steel prices, as scrap flows dwindle and the need for new steel soars, sources said. “[Original equipment manufacturers] and service centers will experience a boost in sales to rebuild from the hurricane,” one mill source said. “The rebuild includes new equipment like tree-trimming trucks, […]

Turkish steelmakers have continued to invest in solar-power plants over recent months in search of greener steel production methods, Fastmarkets has heard.