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.

Learn about how wildfires have influenced lumber prices in recent years.

Read a snippet of our weekly lumber market report, including insights and analysis on price changes and market movements.