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High ore supply weighs on CIF China manganese prices but market looks to Q4 smelter demand
Manganese ore prices, delivered to China, have been trending lower since early February, with Fastmarkets analysts and market sources expecting steady growth in supply and high inventory levels to drag on prices
August 15, 2023
·
By Holly Chant, Tina Tong
Insights
China stimulus policies key to sustaining base metal price rises, Sucden Financial says
Economic stimulus policies put in place by the government of China will be key to sustaining price rises among base metals in the coming quarters, Daria Efanova, head of research at UK-based services provider Sucden Financial, said during the company’s third-quarter metals webinar on Wednesday, August 2
August 11, 2023
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By the Fastmarkets team, Carrie Bone, Albert MacKenzie
Insights
Extension of consultation period on launch of Saudi Arabia domestic rebar price
After assessing market feedback, Fastmarkets is extending by one month the consultation period for its proposal to launch a weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Saudi Arabia.
August 9, 2023
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By Serife Durmus
Insights
Delayed publication of European flat steel prices
The publication of Fastmarkets' European flat steel assessments for Wednesday August 9 was delayed due to a technical issue.
August 9, 2023
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By Holly Chant
Insights
US electrical steel demand to outpace supply: Kloeckner CEO
The demand for electrical steel in the US will outpace the supply of the material, which is currently facing a shortage due to a lack of domestic producers of the value-added steel, the top executive of Kloeckner Metals Corporation (KMC) told Fastmarkets
August 9, 2023
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By Alesha Alkaff
Insights
European industry pushes to define ‘green copper’ despite the challenge supply chain complexity poses
Copper market participants in Europe have become increasingly interested in 'green' material, with some consumers focusing procurement on environmentally conscious copper
August 9, 2023
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By Albert MacKenzie
Insights
GSCC launches new ‘green steel’ standard amid growing ‘Buy Clean’ divide
The Global Steel Climate Council (GSCC) has launched new standards for producers that want to call their products “low carbon,” just as the US government, ready with billions of infrastructure spending to deploy, is deciding exactly what “low carbon” means
August 9, 2023
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By Jason Smith
Insights
Chinese demand for low-grade iron ore pushes FMG shipments to record levels
Low margins at Chinese steelmakers so far in 2023 have boosted demand for lower-grade iron ore products, which has led to record iron ore shipments from Australia's FMG in its financial year to June 30, sources told Fastmarkets this week
August 9, 2023
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By Alice Li
Insights
Vale sells stakes in Energy Transition Metals business; deals must face Canada scrutiny
Brazilian miner Vale has signed a binding agreement with Manara Minerals of Saudi Arabia under which the latter will buy a stake in Vale Base Metals (VBM), the holding entity for the South American company’s Energy Transition Metals (ETM) business, it announced on Thursday July 27
August 7, 2023
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By Carrie Bone, Bruno Martins
Insights
Automakers increasingly interested in green aluminium: Novelis
Novelis has noted increasing enthusiasm for low-carbon aluminium sheet from the automotive sector, more so than its other business segments, including beverage cans and specialty markets, according to a top executive at the company
August 7, 2023
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By Grace Asenov
Insights
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