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Fundamental factors create ripe environment for recent copper price spike
Copper prices have pushed up on global metal exchanges in recent weeks and the London Metal Exchange three-month copper price hit an all-time high on Monday May 20, but what are the key reasons behind the record-breaking surge in prices?
May 22, 2024
·
By Albert MacKenzie
Insights
LME copper’s all-time high aided by funds positioning, COMEX squeeze on shorts
Fundamental supply tightness was part of the reason behind this week's LME three-month copper contract all-time high, but the rate of change was also down to an influx of financial investors and the interconnected squeeze on short positions on COMEX, sources told Fastmarkets
May 22, 2024
·
By Albert MacKenzie
Insights
Launch of US green steel prices
Fastmarkets is launching a US green steel differential to hot-rolled coil and an accompanying US green steel base price. The launch is targeting growing interest from the auto sector and elsewhere in a low-carbon-emission HRC option. It complements differentials and base prices in Europe and Asia.
May 22, 2024
·
By Daniel Hilliard
Insights
US looks to decarbonize aluminium industry, spurred by policy and demand
A surge in recycling capacity in the US aluminium industry is coming in the next few years while for now it continues to meet most of its primary aluminium needs from Canada.
May 22, 2024
·
By Yasemin Esmen
Insights
Fastmarkets ready for US green steel acceleration with much-needed HRC assessments
Read more about how Fastmarkets will provide much-needed price assessments for green steel
May 22, 2024
·
By Yolande Peters
Insights
Clean, lean US steel sector hunts for green steel premium
The US steel industry’s preponderance of electric-arc furnace (EAF) capacity may be a double-edged sword when it comes to collecting green steel premiums, market sources have told Fastmarkets
May 21, 2024
·
By Daniel Hilliard
Insights
A roundup of topics from the 30th Cobalt Conference
Fastmarkets rounds up the key discussion points at the 30th annual Cobalt Institute conference in New York, from May 12-14.
May 21, 2024
·
By Alexander Cook, Grace Asenov
Insights
Ferro-chrome benchmark canceled after becoming ‘less relevant’ – Merafe
The European quarterly ferro-chrome benchmark lost relevance over time and was canceled after a thorough review, Merafe Resources told Fastmarkets on Tuesday May 21
May 21, 2024
·
By Claire Patel-Campbell, Janie Davies
Insights
Proposal to amend UAE, Saudi Arabia HRC, CRC import price assessments
Fastmarkets proposes to amend the payment terms and quantities of three hot- and cold-rolled coil import price assessments for the United Arab Emirates and Saudi Arabia.
May 20, 2024
·
By Serife Durmus
Insights
European quarterly FeCr benchmark to be discontinued – Merafe: newsbreak
The quarterly European ferro-chrome benchmark price will be discontinued with effect from June this year, Merafe Resources said on Monday May 20
May 20, 2024
·
By Claire Patel-Campbell
Insights
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