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UG2/MG chrome ore prices tick up as buying interest boosts confidence
Fastmarkets’ weekly calculation of its chrome ore South Africa UG2/MG concentrates index, cif China was $283 per tonne on Tuesday, up from $281 per tonne on January 9. The index had held at $281 since December 19, 2023. The index had seen pockets of stability throughout 2023, including the most recent period, which lasted from December 19 […]
January 25, 2024
·
By Claire Patel-Campbell, Tina Tong
Insights
Weak Chinese alloys markets, strong bulk ores markets expected post-Lunar New Year
The market for downstream ferro-alloys — including ferro-chrome, silicon-manganese, ferro-manganese, ferro-silicon and vanadium — should remain weak after the Lunar New Year due to oversupply, sources told Fastmarkets. But the market for alloy ores, such as chrome ore, manganese ore and tungsten concentrates, should remain with stronger fundamentals after the February 10-17 holiday, sources said. […]
January 25, 2024
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By Jessica Long, Tina Tong
Insights
Russia boosts sunflower oil share in Turkey, while Iran markets slow
There has been a recent uptick in sunflower oil offers from Russian sellers, with many trades of Russian-origin sunflower oil taking place last week
January 25, 2024
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By Anna Platonova
Insights
Smelter closure to wipe nearly 30% of US aluminum capacity
In a letter to its employees seen by Fastmarkets on Wednesday January 24, the independently owned Magnitude 7 Metals LLC aluminium smelter in Marston, Missouri said it would curtail its operations over the course of the next three to five days, and that "most employees will no longer be required after January 28"
January 25, 2024
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By Yasemin Esmen
Insights
High stainless steel output in China led to jump in imports of raw materials in 2023
High stainless steel production in China in 2023 generated lofty imports of raw materials, including chrome ore, ferro-chrome, nickel pig iron (NPI) and ferro-nickel
January 25, 2024
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By Jessica Zong, Tina Tong, Dylan Duan
Insights
Samsung SDI stake in Canada Nickel highlights EV materials focus
South Korean battery maker Samsung SDI’s recent investment in Canada Nickel, despite falling nickel prices, is the latest example of companies forming long-term partnerships to secure electric vehicle supply chain production that qualifies for tax credits under the US Inflation Reduction Act (IRA)
January 24, 2024
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By Leticia Simionato
Insights
Open consultation on cobalt metal brand list
Fastmarkets proposes to increase and realign its listed brands for alloy-grade and standard-grade cobalt, in-whs Rotterdam, to reflect new developments in the market, and invites feedback on the following consultation.
January 24, 2024
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By Alexander Cook
Insights
China’s graphite exports plunge in December after introduction of export controls
Chinese exports of flake and spherical graphite plummeted in December, after China’s introduction of export controls on certain graphite related products
January 24, 2024
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By Sybil Pan
Insights
Norsk Hydro continues to flex portfolio, targets automotive, exec says | Hotter Commodities
Norsk Hydro is continuing to maximize its production of aluminium products for the automotive sector amid ongoing weak demand in end-use markets like construction, according to a senior executive at the Norwegian producer
January 23, 2024
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By Andrea Hotter
Insights
Chinese automakers sign Electric Vehicles subsidy pact with Thailand
Chinese automakers, led by Great Wall Motor, are set to expand their dominance in Thailand's EV market thanks to the newly approved 'EV 3.5' subsidy scheme
January 23, 2024
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By Nina Hu
Insights
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