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AT A GLANCE: Record-breaking iron ore prices boost Q1 results at LKAB
A summary of Swedish state-owned iron-ore producer LKAB’s financial results for the first quarter of 2021 ending March 31.
April 22, 2021
·
By Julia Bolotova
Insights
GLOBAL COPPER WRAP: Shanghai premiums at 7-mth low; Europe, US markets flat
China’s import premiums for copper cathode are in free fall, and market sentiment remained very low in current unfavorable import condition. Premiums in other regions held unmoved.
April 21, 2021
·
By the Fastmarkets team
Insights
MORNING VIEW: Base metals prices up on LME, down on SHFE; haven assets in demand
Base metals prices on London Metal Exchange were up across the board this morning, Wednesday April 21, but those on the Shanghai Futures Exchange were mainly weaker, as were broader markets, while haven assets were bid for.
April 21, 2021
·
By William Adams
Insights
FOCUS: Will nickel briquette lose appeal as feedstock with Chinese nickel sulfate price declining?
Nickel briquette has steadily become a more favored choice of feedstock for Chinese battery-grade nickel sulfate producers in recent months, resulting in a notable pick-up in spot trading activity for the former.
April 19, 2021
·
By Sally Zhang
Insights
Orocobre, Galaxy to merge, creating world’s 5th largest lithium chemical company
Australian lithium miners Galaxy Resources and Orocobre have entered into a binding merger implementation deed that will see the latter acquire 100% of the fully paid ordinary shares in the former, the companies announced on Monday April 19.
April 19, 2021
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By Susan Zou
Insights
Angola to export first iron ore since the 1970s
The first shipment of iron ore to leave Angola since 1976 left the Cutato mine in Cuando Cubango province by rail on April 10-11, according to Jamie van Reijendam, general manager of global trade at London trading house Ronly
April 16, 2021
·
By Alex Theo
Insights
EU retaliation may convince Biden to revise Section 232
While the Biden administration has reversed multiple Trump-era policies, it has not been in any rush to revise the Section 232 tariffs. That might change, however, with the European Union on the verge of escalating retaliatory tariffs on US products, according to market participants.
April 14, 2021
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By Mark Shenk
Insights
US corn outlook ‘very concerning’ as drought adds to planting woe
US-based analysts have cited another reason for the surprise shortfall in the expected planted area of corn, with some...
April 12, 2021
·
By Timothy Worledge
Insights
STEEL SCRAP WRAP: Global markets stabilize following recent price spikes
Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.
April 9, 2021
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By Amy Hinton
Insights
FOCUS: India mulls over self-sufficient future without imported scrap
India is stepping back from importing ferrous scrap and aiming to become a more self-sufficient steelmaker. But what issues led to this change of tactics and how will it affect global scrap trade flows? Fastmarkets investigates.
April 9, 2021
·
By Carrie Bone
Insights
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