Nickel continued to reach its highest prices in a month while the rest of base metals on the London Metal Exchange were marginally higher on Thursday April 8, with the prospect of more economic stimulus and supportive fiscal measures in the United States boding well for equity markets and metal futures.

Tata Steel’s recycling business in India is to offer domestically produced shredded material to the Indian market, adding to its existing offering, the company told Fastmarkets on Wednesday April 7.

Electric vehicles (EVs) and batteries feature prominently in US President Joe Biden’s $2-trillion plan to rebuild the country's infrastructure and economy.

Fastmarkets has corrected its weekly manganese ore 37% index, cif Tianjin and 44% index, cif Tianjin rationales, which were published incorrectly on Tuesday April 6 due to reporter error.

Liberty Steel has resumed production at its UK special steel plant in Rotherham, the steelmaker said on Tuesday April 6.

US President Joe Biden’s $2-trillion infrastructure and jobs package is being applauded by domestic steelmakers and the United Steelworkers union.

Britishvolt, a United Kingdom-based lithium-ion battery producer, has initiated fundraising plans in the United States to support its gigaplant project in Northumberland, UK, it said on Thursday April 1.

The key containerized ferrous scrap import market of Taiwan continued to witness price gains this week amid tight supply of United States- and Japan-origin materials, sources told Fastmarkets.

Base metals prices on the London Metal Exchange were mainly weaker this morning, Thursday April 1, and those on the Shanghai Futures Exchange were more mixed, while markets contend with cross winds.

Fastmarkets today, Thursday April 1, launches two new reference prices: nickel sulfate, cif China, Japan and Korea, $ per tonne; and nickel sulfate premium, cif China, Japan and Korea, $ per tonne.