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China issues plan for non-ferrous metals industry to comply with peak carbon emissions goals
China laid out a plan on Thursday, November 10 to decarbonize the non-ferrous metals industry, reiterating the energy-intensive sector's need to not exceed peak carbon emissions by 2030 in response to the country’s climate goals
November 18, 2022
·
By Yiwen Ju
Insights
Alcoa lobbying US, LME to sanction Russian aluminium
Alcoa has been lobbying the US government to sanction Russian aluminium, the major global and leading US aluminium producer said at a conference in New York on Wednesday November 16
November 18, 2022
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By Orla O'Sullivan
Insights
Slumping freight rates struggle to entice more containerized metal trade
The global trade for metals shipped in containers is being constrained by weak demand despite lower freight costs and higher availability of boxes compared with earlier in the year, sources have told Fastmarkets
November 18, 2022
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By Lee Allen, Jon Stibbs, Claire Patel-Campbell
Insights
Correction to US East Coast ferrous scrap export indexes
Fastmarkets’ calculation of its steel scrap HMS 1&2 (80:20), export index, fob New York and steel scrap shredded scrap, export index, fob New York were published incorrectly on Wednesday November 16 due to an input error.
November 16, 2022
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By Arthur Robert
Insights
CMC’s Barbara Smith answers seven questions on the US steel scrap market
The steel scrap market is undergoing a monumental shift as the pull of decarbonization, growing market consolidation and supply shortages propel steel scrap into 'hot' commodity status
November 16, 2022
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Insights
US 300-series stainless scrap prices climb amid LME nickel jump
While demand for stainless scrap remains very weak in the United States, scrap prices for the 300-series grades jumped this week on continued tight supply and a spike in London Metal Exchange nickel prices, with the nickel cash contract at its highest since May
November 16, 2022
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By Jim Lawrence
Insights
COP27 produces plans for more support for green steel, hydrogen energy transition
Governments of countries which are responsible for half of the global gross domestic product (GDP) outlined new targets for the previously agreed Breakthrough Agenda, a 12-month action plan to accelerate the drive toward decarbonization, delegates heard on Friday November 11 at the United Nations’ COP27 climate change conference in Egypt
November 15, 2022
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By India-Inés Levy
Insights
8 global scrap metal prices to watch
Fastmarkets experts share a unique visual snapshot of the ever-changing global scrap markets in 8 scrap metal price charts
November 14, 2022
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Insights
LME nickel price soars, narrowly avoids ‘disruption event’ as base metals futures mostly rise
Base metals futures on the London Metal Exchange gave an overall positive performance during the morning trading session on Monday November 14, with the metals mostly continuing their upward trajectory from the previous week
November 14, 2022
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By Callum Perry
Insights
Around the world in eight scrap spreads
Unprecedented scrap market volatility has created widespread uncertainty in global scrap price movements. Fastmarkets experts analyze the eight market-changing events influencing the global scrap markets
November 14, 2022
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By Lee Allen, Cem Turken, Lisa Gordon, Sean Barry, Kirstyn Petras, Jim Lawrence
Insights
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