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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
·
By Callum Perry, Zihao Li, the Fastmarkets team
Insights
US Treasury’s finalized Section 45X a big win for secure supply chains, aluminium manufacturing: sources
On Thursday October 24, the US Department of Treasury and the Internal Revenue Service (IRS) released the final rules regarding the Section 45X credits under the US Internal Revenues Code. The final rules clarify definitions and confirm credit amounts for eligible components, including solar and wind energy, inverters, qualifying battery components and applicable critical minerals. […]
October 28, 2024
·
By Yasemin Esmen
Insights
Correction to electrical steel, non-grain oriented, CFR India, on October 18: pricing notice
The price was published in error as $760-770 per tonne. This has now been corrected to $660-670 per tonne. Fastmarkets’ pricing database has been updated to reflect this change. This price is part of the Fastmarkets‘ steel package. For more information, or to provide feedback on this correction notice, or if you would like to provide […]
October 28, 2024
·
By Suresh Nair
Insights
New stimulus measures could boost Chinese lumber demand
In late September, the People’s Bank of China (PBOC) announced a cut in the existing mortgage rate by an average of 50 basis points.
October 25, 2024
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By Peter Malliris
Insights
Uptick in plastic to paper demand with US bag, sack shipments up 19.2%
Packagers moving from plastic to paper, particularly Amazon’s work to eliminate plastic bubble wrap with paper, contributed to the increase in shipments.
October 25, 2024
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By Gregory Rudder
Insights
GEMCO’s manganese ore suspension: a volatile market driven by weak Chinese steel demand, panic buying
Prices for seaborne high-grade manganese ore have plunged in October 2024, with producers announcing cuts to production and exports amid poor levels of purchasing in China But the most recent price drop was merely the latest dramatic move in a period of increased volatility, following the suspension of operations at South32’s Groote Eylandt Mining Co […]
October 25, 2024
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By Tina Tong, Holly Chant
Insights
Global nickel premiums stagnant amid falling LME nickel price
Nickel premiums remained stable worldwide, with the London Metal Exchange's three-month nickel price hitting its lowest point since mid-September.
October 25, 2024
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By Dylan Duan, James McKeigue
Insights
Prices on European unbleached sack kraft market start to flag as players ponder Mondi Stambolijski impact
“Everyone expects an upturn in terms of demand but the market is not turning up,” one producer said.
October 25, 2024
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By Fastmarkets Forest Products
Insights
Outlook for the Latin America paper and board market amid unstable demand
Access a snippet of our monthly Latin America Paper Products Monitor, featuring an outlook for the market as whole as the region struggles to balance inflation and growth.
October 24, 2024
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By Rafael Barisauskas
Insights
Chinese nickel pig iron prices push up to 11-month high
Nickel pig iron (NPI) prices in China continued to climb in the week to Friday October 18, on an increase in tradbg amid positive sentiment, sources told Fastmarkets.
October 24, 2024
·
By Laura Li
Insights
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