Base metals prices were pausing and precious metals were mainly on a back footing this morning, Friday January 8, with sentiment generally bullish on the prospects for greater fiscal spending out of the United States when Joe Biden becomes the president in a few weeks’ time.

Freight Investor Services (FIS) completed the first brokered trade of the CME Group’s cash-settled cobalt futures contract on Thursday January 7, the company told Fastmarkets.

Confirmed purchasing activity and extraordinarily volatile raw material costs have propelled hot-rolled coil prices in the United States past $54 per hundredweight.

US-headquartered lithium producer Albemarle Corp will double lithium carbonate output at its brine-sourced production facility, Silver Peak, based in Nevada, it said on Thursday January 7.

Markets remained upbeat on the morning of Thursday January 7 despite the outbreak of violence in Washington, DC, with nickel joining copper and tin in setting fresh new multi-month highs but gold turning lower.

Following consultation with stakeholders, Fastmarkets RISI has decided to increase the frequency of Russian containerboard assessments to monthly from January 2021. Until now these prices have been published on a quarterly basis and reflect prices in the last month of the quarter. Fastmarkets RISI has received requests from stakeholders to increase this frequency to monthly […]

Hot-rolled coil prices in the United States rebounded on Wednesday January 6, but talk of lower deals remained in the market.

Fastmarkets is proposing to launch a weekly import price assessment for steel billet on a cfr China basis.

Markets seem to be anticipating a Democratic win in the Georgia Senate run-off this morning, Wednesday January 6, and that could be bullish for commodities because a Democratic-controlled US Congress could push through larger fiscal stimulus packages.

Fastmarkets is proposing to launch a new daily China ferrous scrap import price assessment to enhance its growing editorial coverage of the Asian market for the steelmaking raw material.