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EC names critical, strategic raw materials under proposed new act
The European Union’s much-anticipated Critical Raw Materials Act, announced on Thursday March 16 by European Commission president Ursula von der Leyen, has set out new lists of the raw materials now formally designated as strategic and critical
March 17, 2023
·
By Claire Patel-Campbell
Insights
European nickel uncut cathode and briquette premiums rise but premiums steady elsewhere
Continued tightness of class one supply within Europe and increased buying interest amid falling London Metal Exchange nickel prices and fresh liquidity have prompted an increase in premiums within Europe, while US and Chinese premiums remain steady for now
March 16, 2023
·
By the Fastmarkets team, Callum Perry, Yiwen Ju, Ian Templeton, Dylan Duan
Insights
Flack to acquire steel, aluminium OEMs to drive US hedging adoption
Flack Global Metals (FGM) will acquire steel and aluminium original equipment manufacturers (OEMs) and incorporate its hedging model into those businesses to accelerate the adoption of the financial tool in the United States, Flack’s founder and chief executive officer Jeremy Flack said
March 15, 2023
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By Rijuta Dey
Insights
Chinese NPI prices continue to slide on increased supplies from Indonesia
The decline in China’s nickel pig iron (NPI) prices continued for a fourth consecutive week on Friday March 10, with units from Indonesia boosting supplies and prices falling to their lowest levels since September 2, 2022
March 14, 2023
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By Dylan Duan
Insights
Canada’s ban on Russian aluminium imports | Hotter Commodities
Canada has banned the import of aluminium products from Russia due to the ongoing war in Ukraine, effective immediately, the country’s deputy prime minister said on Friday March 10
March 14, 2023
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By Andrea Hotter
Insights
ABTC secures black mass deal with TechMet-Mercuria, acquires new battery recycling site
Lithium-ion battery materials company American Battery Technology Co (ABTC) has agreed a deal with global marketing and supply chain platform TechMet-Mercuria for black mass material which will be generated by the first phase of ABTC’s new recycling facility
March 13, 2023
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By the Fastmarkets team, Lee Allen, Yasemin Esmen
Insights
Aurubis starts construction of plant to extract copper and nickel from recycled material, bleed
German multi-metal recycling giant Aurubis began construction of its bleed treatment plant in Olen, Belgium, the company said on Tuesday March 7
March 8, 2023
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By Yasemin Esmen
Insights
UK Financial Conduct Authority opens investigation into LME’s March 2022 suspension of nickel futures
The UK's Financial Conduct Authority (FCA) has opened an enforcement investigation into the London Metal Exchange’s “conduct, systems and controls” related to nickel futures trading
March 6, 2023
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By Yiwen Ju
Insights
UK regulator FCA steps up its nickel investigation
Almost a year after the London Metal Exchange temporarily suspended trading in its nickel contract, it has become the subject of the first enforcement investigation of a UK exchange by its regulator
March 6, 2023
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By Andrea Hotter
Insights
Broadened US tariff on Russia aluminium triggers LME contango jump: sources
A sharp contango developed in London Metal Exchange aluminium prices on Friday February 24 — the only price reaction so far to US tariffs on Russian aluminium that are far wider in scope than before
March 3, 2023
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By Orla O'Sullivan
Insights
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