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Light rare earth prices stabilize, heavy rare prices fall on low demand
Chinese export prices for light rare earth products were unchanged for the fourth consecutive week on Thursday July 11, with suppliers firmly rejecting further price cuts, but low demand continued to pull down prices for heavy rare earth products used in magnets
July 12, 2024
·
By the Fastmarkets team, Caroline Messecar
Insights
Chinese lithium producers warn of losses amid ‘downturn in the lithium industry’
Major Chinese lithium producers Ganfeng Lithium Group and Tianqi Lithium Corp have issued profit warnings on Tuesday July 9 due to the ongoing decline in lithium prices since early 2023
July 12, 2024
·
By Ewan Thomson
Insights
US steel industry urges further support for Leveling the Playing Field 2.0 Act
US steel producers, pipe and tube manufacturers, trade organizations and union workers gathered at Capitol Hill in Washington DC to meet with lawmakers on Wednesday July 10, urging action on legislation aimed at bolstering US trade remedy laws to curb “unfair trade practices.”
July 12, 2024
·
By Alesha Alkaff
Insights
Biden imposes ‘melt and pour’ requirement for Mexican steel, aluminium imports
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
July 11, 2024
·
By Yasemin Esmen, Alesha Alkaff
Insights
Hydro, Porsche sign agreement for green aluminium in auto industry’s latest effort to decarbonize
Norway-based aluminium producer Hydro and German car manufacturer Porsche signed a long-term agreement on Tuesday July 9 for supply of low-carbon aluminium to further decarbonize the supply chain of Porsche’s sports cars. The agreement follows the letter of intent signed in April
July 11, 2024
·
By Yasemin Esmen
Insights
Delay to July ferrous scrap settlements
Fastmarkets advises that, as of Wednesday July 10, certain monthly North American ferrous scrap assessments had yet to be settled.
July 10, 2024
·
By Amy Hinton
Insights
Correction to Australia, Brazil alumina FOB indices on July 8
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday July 8 due to an error.
July 9, 2024
·
By James McKeigue
Insights
Correction to rationales for battery-grade lithium hydroxide, carbonate CIF CJK on July 9
Fastmarkets has corrected the rationales for its MB-LI-0033 lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade, spot price cif China, Japan & Korea and MB-LI-0029 lithium carbonate 99.5% Li2CO3 min, battery grade, spot prices cif China, Japan & Korea, which were published incorrectly on Tuesday July 9.
July 9, 2024
·
By Callum Perry, Zihao Li
Insights
Russia posts record wheat exports for 2023-24, plus structural changes for importers and exporters
In the 2023/24 marketing year, Russian wheat exports surpassed 55.4 million tonnes, driven by increased harvests and competitive prices, although restrained by government-mandated floor prices and shifting dynamics among exporters.
July 9, 2024
·
By Masha Belikova, Yana Sukharska
Insights
Germany’s UFOP warns current rapeseed output ‘insufficient’ to meet demand
Germany's UFOP highlighted a global rapeseed supply shortage, urging increased planting in 2025 to meet demand amidst reduced production forecasts.
July 9, 2024
·
By Timothy Worledge
Insights
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