Buying appetite in China for high-purity copper scrap of overseas origin is expected to remain strong in 2023, with questions over the supply of domestic scrap in the country, and a growing trend to repurpose scrap materials as part of the decarbonization movement across the world

Saudi Arabia’s sovereign wealth fund has joined forces with the country’s state-owned mining firm to create a company that invests in mining assets globally in the transition to a new generation of energy markets

Fastmarkets proposes to amend the name of its nickel mixed hydroxide-precipitate expressed price assessment and to amend the nickel content specifications to reflect the market more closely.

Fastmarkets has implemented a comprehensive update of its nickel scrap prices to bring them in line with its global price reporting agency standards.

Fastmarkets has corrected its consumer buying price for stainless steel scrap 430 bundles and solids, delivered mill Pittsburgh, following a calculation error for the monthly assessment in January.

Steelmakers in the United States reportedly are charging customers less in the South and more in the Midwest mainly due to three factors: differences in import penetration, end-market demand and cost structure, according to market participants — a disparity highlighted by Fastmarkets’ new index for the southern region

Following a one-month consultation, Fastmarkets has adjusted its coking coal index methodology to increase transparency by incorporating data from physical trading platforms.

Following a one-month consultation, Fastmarkets has amended the laycan timing and unit of its coking coal indices to better reflect the coking coal spot market.

Fastmarkets has corrected its consumer buying price for steel scrap no1 heavy melt, delivered mill Cleveland, following updated market information for the domestic ferrous scrap monthly trade in January.

Leading mining companies have recently expanded their exposure to copper via acquisitions rather than through greenfield investments, but new projects are needed to feed an expected rise in demand amid global energy transition trends, market experts have told Fastmarkets