Base metals prices on the Shanghai Futures Exchange were mostly up during Asian morning trading on Friday January 25, with the complex following the stronger tone set by the London Metal Exchange three-month base metals prices on Thursday.

An ad hoc coalition of more than 45 groups from various industries in the United States has called on the administration of President Donald Trump to end the Section 232 tariffs on steel and aluminium imports from Canada and Mexico.

M2 Cobalt Corp and Jervois Mining Ltd are to merge in a deal that will complement the latter’s ambitions in East Africa as part of its focus on the growing battery metals market.

Fastmarkets proposes to update the normalization coefficients of the Turkey and Rotterdam ferrous scrap indices at a rate of once per month instead of once per quarter at present.

The prices for cobalt products in China were broadly steady on Wednesday January 23 on limited availability of prompt cargoes, but market participants are wary of price vulnerability after the Chinese New Year holiday on February 4-10.

Chinese steelmakers’ narrowing margins and improvements in the supply of Brazilian iron ore have resulted in lower penalties for alumina content in the steelmaking raw material recently, though there are factors that could raise buyers’ sensitivity toward this impurity in the coming months.

Three-month base metals prices on the London Metal Exchange were for the most part weaker with prices off by an average of 0.3% this morning, Thursday January 24.

Base metals prices on the Shanghai Futures Exchange were broadly rangebound with a slight upward bias during Asian morning trading on Thursday January 24, with the complex supported by improved market sentiment following stimulus measures by China’s central bank.

Due to a spreadsheet error, US fourth quarter pulp prices were published incorrectly in PPI Pulp & Paper Week on Jan. 18. The correct prices are: Delivered US East Northern Bleached Softwood Kraft (Canada) – $1428/tonne Southern Bleached Softwood Kraft (US) – $1,350/tonne Northern and Southern Mixed Bleached Hardwood Kraft (Canadian/US) $1,213/tonne Bleached Hardwood Kraft […]

Three-month base metals prices on the London Metal Exchange had dipped in recent days on the back of global growth concerns and after follow-through buying from last week waned, but the complex is broadly up again with average gains of 0.3% this morning, Wednesday January 23.