Chinese steelmakers looking to replenish steel scrap stocks after returning from their new year holiday on Thursday February 18, have raised bid prices for both domestic and imported material, sources told Fastmarkets.

China’s metals industry returned from holiday to find metal prices were higher and it would appear have chased prices higher, with all the base metals on the London Metal Exchange and Shanghai Futures Exchange showing gains this morning, Thursday February 18.

The board of Chilean lithium producer Sociedad Quimica y Minera (SQM) has approved the company’s investment in the Mount Holland lithium project in Western Australia, it said on Wednesday February 17.

Heavy snow across parts of the southern US has brought chaos to logistics in the key export hub of the US Gulf and is likely...

Recovery hopes tied into the rollout of Covid-19 vaccines and some brighter economic data has driven up bond yields that in turn has lifted the dollar, and that seems to be creating some hesitancy in the metals this morning, Wednesday February 17.

Startup Italvolt will build the first lithium-ion battery gigafactory in Italy with an initial capacity of 45 GWh, it announced on Monday February 15.

With China still on holiday, base metals prices on the London Metal Exchange have been consolidating this morning, Tuesday February 16, even though broader markets remain upbeat.

French lender BNP Paribas said on Monday it will halt financing customers who grow or buy soybeans or beef...

Even with Chinese market participants on holiday, base metals prices on the London Metal Exchange have for the most part been bullish on Monday February 15, with the exception of zinc.

Fastmarkets will publish inferred low-carbon midpoint calculations for some aluminium P1020A and value-added product (VAP) markets in line with the launch of the low-carbon aluminium differentials.