Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world’s biggest centers for metals business that has already started to happen.

The base metals were consolidating recent gains but generally holding up near high ground this morning, Thursday November 19 – this despite some nervousness emerging in wider markets about the rapid spread of Covid-19.

Fastmarkets has partnered with CME Group to launch a cash-settled cobalt contract to be settled against Fastmarkets’ daily benchmark cobalt price assessment.

Fastmarkets, the industry-leading cross-commodity PRA, announced on Thursday November 19 that CME Group has chosen Fastmarkets as the PRA for its new cash-settled cobalt futures contract, which will launch on December 14, pending regulatory review. The new contract will be listed on and subject to the rules of COMEX and settled against the benchmark daily standard-grade cobalt price assessed by Fastmarkets.

The benchmark three-month aluminium price on the London Metal Exchange fell just short of the $2,000-per-tonne mark at the 5pm close on Wednesday November 18, ending the day at $1,998 per tonne, up by 1% from the previous day’s close.

A scramble for corn and soybean planting area is likely to dominate the years ahead, as aВ surge in global and Chinese...

Japan's Panasonic has teamed up with Norwegian aluminium producer Norsk Hydro and Norway's state-owned oil major Equinor to look into developing a sustainable battery business in Norway.

The metals were looking robust this morning, Wednesday November 18, and for the most part are managing to drive higher despite concerns about the rapid spread of Covid-19 and some mixed economic data of late.

Fastmarkets proposes to amend the specifications of its manganese ore 44% Mn index.

Hot-rolled coil prices in the United States have continued to climb amid an ongoing supply squeeze and robust overall market fundamentals, Fastmarkets has learned.