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Concerns loom over weak market fundamentals amid launch of new Chinese state-owned recycling company
A new Chinese state-owned enterprise (SOE) called China Resources Recycling Group (CRRG) has been established to build a national platform for recycling and reusing resources, according to an announcement from Chinese officials on October 18. While details of the company's specific plans remain scarce, market participants remain concerned about weak market fundamentals, sources told Fastmarkets..
October 31, 2024
·
By Carman Chew
Insights
Pilbara Minerals lowers FY25 production guidance as Ngungaju plant placed on care and maintenance
Australian lithium producer Pilbara Minerals will be placing its Ngungaju plant on care and maintenance from December 2024, the company announced on Tuesday October 29.
October 30, 2024
·
By Callum Perry
Insights
Glencore production results reveal falling zinc, nickel production
Quarterly figures released by global miner Glencore on Wednesday October 30 showed that zinc concentrate output was dropping in a tight market while overall nickel output was down despite an increase in briquettes.
October 30, 2024
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By James McKeigue, Natasha Porter, the Fastmarkets team
Insights
Chinese hot-rolled coil prices rise but buyer interest remains mixed
China’s domestic and export steel hot-rolled coil prices rose on Monday October 28, reflecting a robust performance in the futures market, but the upward price movement did not translate into increased demand.
October 29, 2024
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By Jessica Zong
Insights
Chinese stainless steel prices fall on weak demand and lower raw materials costs
Chinese stainless steel prices fell in the week ended Wednesday October 23 in both the domestic and export markets, in response to weak demand and lower-cost raw materials, sources told Fastmarkets
October 29, 2024
·
By Jessica Zong
Insights
Global steel market: Four early takeaways from Alacero Summit 2024 in Buenos Aires
Steel leaders from throughout Latin America gathered during October 29-31 in Buenos Aires, Argentina, at Alacero Summit 2024 to learn more about the region's growing importance in the global steel market
October 29, 2024
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By Gabriela Brumatti, Ana Enis, Dan Hilliard, the Fastmarkets team
Insights
Eramet regains full ownership of Centenario lithium project in Argentina
Paris-headquartered minerals firm Eramet announced the buy-back of Tsingshan Holding Group’s 49.9% stake in Eramine Sudamerica on Thursday October 24, effectively regaining full ownership of the Centenario lithium project in Argentina.
October 29, 2024
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By Callum Perry, Ewan Thomson, the Fastmarkets team
Insights
Fastmarkets launches Chinese green ferro-alloys prices to cover whole clean steel supply chain
China’s ferro-alloy industry continues to track toward sustainable development, focusing on decarbonization as a foundation and utilizing renewable energy and advanced technologies to reduce electricity consumption, waste gas and slag.
October 29, 2024
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By Tina Tong, Paul Lim, Jessica Long, the Fastmarkets team
Insights
Proposal to amend aluminium low-carbon differential P1020A, Europe
Fastmarkets proposes to amend the timing window of its MB-AL-0381 aluminium low-carbon differential P1020A, Europe from up to three months to up to 18 months.
October 29, 2024
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By Imogen Dudman
Insights
CME spodumene futures contract sees trading activity on launch day
The Chicago Mercantile Exchange’s cash-settled spodumene concentrate futures contract was traded for the first time on Monday October 28, the day the contract launched.
October 28, 2024
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By Callum Perry, Zihao Li, the Fastmarkets team
Insights
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