After a consultation period, Fastmarkets has amended the pricing frequency of its assessments for MB-FEO-0001 Ferro-molybdenum 65% Mo min, in-whs Rotterdam; MB-FEO-0003 Molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam; and MB-FEO-0004 Molybdenum MB drummed molybdic oxide Mo, in-whs Busan to daily, from twice weekly.

Hefty copper concentrate costs amid a sustained supply deficit are expected to cause most global copper smelters to run below costs from 2025 onwards, sources told Fastmarkets at the sidelines of LME Asia Week 2024 in Hong Kong on Thursday June 27

Fastmarkets proposes to amend the frequency of its MB-AL-0343 aluminium P1020A (MJP) spot premium, cif Japan, $/tonne to daily from twice weekly.

Fastmarkets invited feedback from the industry on the pricing methodology for its MB-IRO-0004 pig iron import, cfr Gulf of Mexico, US assessment, via an open consultation process between May 24 and June 24, 2024. This consultation was done as part of our annual methodology review process.

Tightness in raw material supply has driven Fastmarkets’ copper and zinc treatment charges (TCs) to all-time lows, while lead concentrate TCs have hit intra-year lows. Fastmarkets looks at the common themes driving the downward movements

Fastmarkets proposes to amend the chemical specifications of its indices for high grade CIF and FOT Tianjin manganese ore.

Copper demand remains weak in China and Europe, with some European sources noting liquidity heading to the US while others note the market is slightly less quiet than the previous month and American sources agree that the market appears to be stabilizing from previous highs

Fastmarkets has observed a missing data set in its fluorspar fob China pricing history. Price data for three fluorspar, FOB China assessments for February 8, 2024, were missing due to a reporter error.

Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Tuesday June 25 due to a back end calculation error.

German chemical producer BASF announced on Monday June 24 that it will exit a $2.6 billion investment in a nickel-cobalt refining project in Weda Bay, Indonesia due to significant changes in the nickel market since the inception of the project