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Bulls roam the streets of Shanghai as supply-side factors compound
A bullish consensus formed last week in Shanghai as leading market participants met for the annual CPICC conference and Shanghai Pulp Week. Meetings were held against the backdrop of growing concerns around market pulp and woodchip supply, while questions remained around the strength of underlying demand. Heading into the week, the rally in pulp prices […]
March 28, 2024
·
By Patrick Cavanagh
Insights
US steel industry applauds Department of Energy’s $6 bln decarbonization investment
This initiative marks a significant step towards reducing industrial greenhouse gas emissions and championing the US in the global decarbonization effort
March 28, 2024
·
By Alesha Alkaff
Insights
Base metals miners continue to fight against inflationary pressures
The most recent financial results published by base metals mining companies highlight just how inflation is affecting profit margins, with increasing wages, financing costs and input prices all hitting profits, sources told Fastmarkets in the week to Thursday March 28
March 28, 2024
·
By Albert MacKenzie
Insights
Delay in Publishing PIX Pulp China Index Monthly Averages for March 2024
The March 2024 monthly averages were published today based on the index values of March 1, 8, 15 and 22.
March 28, 2024
·
By the Fastmarkets team
Insights
Rise of green ferro-alloys in China led by lower electricity costs; challenges remain
There are more opportunities being created for the Chinese ferro-alloys industry on the back of China’s focus on sustainable development goals and the rising availability of competitively-priced green electricity, sources told Fastmarkets
March 27, 2024
·
By the Fastmarkets team, Jessica Long, Tina Tong
Insights
Green steel blooms in Malaysia, but new moratorium could make or break it
The green steel supply chain is gradually starting up in Malaysia, largely due to stricter decarbonization-related government policies, sources said in the week to Monday March 25. One of these policies is a two-year moratorium on all expansion and diversification of manufacturing activities in the iron and steel industry
March 27, 2024
·
By Nabilah Awang
Insights
Albemarle’s spodumene concentrate bidding event concludes at 9,372 yuan/t exw China: sources
The result of Albemarle’s spodumene concentrate digital bidding event on Tuesday March 26 was 9,372 yuan ($1,230) per tonne on an ex-works China basis, according to sources close to the matter
March 27, 2024
·
By the Fastmarkets team, Zihao Li, Callum Perry
Insights
Century Aluminum to build green aluminium smelter in the US with DOE grant
Century Aluminum is among those selected to start award negotiations for up to $500 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding to build a new aluminium smelter, the company said on Monday March 25
March 26, 2024
·
By Yasemin Esmen
Insights
Launch of new European ferro-chrome price assessment
Fastmarkets launched its first price assessment for MB-FEC-0024 Ferro-chrome 50% Cr, delivered Europe, $/lb Cr on Tuesday March 26.
March 26, 2024
·
By Claire Patel-Campbell
Insights
Copper concentrate market participants lost amid ‘unstoppable’ declines in TC/RCs
Participants in the copper concentrates market are struggling to comprehend an “unstoppable” decline in treatment and refinement charges (TC/RCs), with every week bringing spot deals at fresh lows and rumors each “crazier” than the last, sources have told Fastmarkets
March 26, 2024
·
By the Fastmarkets team, Sally Zhang, Albert MacKenzie
Insights
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