Fastmarkets is inviting feedback from the industry on its pricing methodology for its Northern Europe and United States hot-rolled coil indices as part of its annual methodology review process in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.

Russian aluminium producer Rusal is to invest in the expansion and upgrading of its aluminium operations using capital raised through Nornickel's proposed share buyback scheme, the company said on Tuesday June 15.

Awareness and incorporation of environmental, social, and corporate governance (ESG) policies within the graphite market are slowly developing, with take-up greater downstream - especially in the anode sector - and among developing companies, sources told Fastmarkets.

Fastmarkets will launch a weekly price assessment for ferro-silicon, 75% Si min, cif Japan basis on Wednesday June 16.

Weakness was evident across the base metals in London and Shanghai on the morning of Tuesday June 15 despite pre-market Western equity index futures driving higher and high volumes traded on the London Metal Exchange.

China lithium producer Ganfeng Lithium is acquiring a 50% stake in a special purpose company that owns the Goulamina hard-rock mine in Mali for $130 million, the company said on Tuesday June 15.

Growing steel demand presents an opportunity for a scrap pricing supercycle in the next decade, writes Bill Beck, reporting on the Fastmarkets virtual Scrap, DRI, and Mini-Mills conference in mid-April.

Domestic prices for hot-rolled coil in Europe declined in the week to Friday June 11, but they remained at a high level.

Copper prices have rocketed over the past year, but Myra Pinkham asks market analysts whether present drivers will continue to support them in the longer term.

With long steel prices in Europe reaching historically high levels, construction activity is slowing in some regions due to reduced supplies and delays, with some market sources fearing a decline in industrial activity long term.