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S Korean black mass payables hold firm in January, EU market weakens further
Payables in concluded deals for nickel cobalt manganese (NCM) black mass in the CIF South Korea market held largely firm in January 2024 despite weaker battery raw materials prices and lower bids from some buyers, according to market sources
February 1, 2024
·
By Lee Allen
Insights
China Northern Rare Earth net profit falls over 60% amid falling RE prices
China Northern Rare Earth Group High Tech Co expects its net profit for 2023 to have decreased by 53.97-61%, the company announced on Monday January 29
February 1, 2024
·
By the Fastmarkets team
Insights
Proposal to launch two Brazilian aluminium delivered premiums
Fastmarkets proposes to split the current Brazilian aluminium P1020A delivered premium by launching two new domestic premium assessments to better reflect the two-tier market created by the different state value-added tax (VAT) rates, known as the ICMS tax.
January 31, 2024
·
By Leticia Simionato
Insights
Sellers propose hikes of $10-20 per tonne for northern bleached softwood kraft pulp
The Chinese pulp sector faces supply disruptions and market uncertainty as Canadian mills consider closures amid falling prices
January 31, 2024
·
By Nick Chang
Insights
CFR China soybean premium turns negative for first time this season
Brazilian soybean prices are under further pressure from another bumper harvest and weak Chinese demand
January 31, 2024
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By Jane Li
Insights
North American liner price rises impact demand outlook for boxmakers
In a marketplace with more than enough supply and unsettled demand, pricing for linerboard held unchanged for January, as major integrated mills lined up their Jan. 1 invoices for higher pricing of $70/ton on linerboard and $100-110/ton for corrugating medium in North America’s open market. Based on Fastmarkets’ PPI Pulp & Paper Week pricing survey, roughly one-third […]
January 30, 2024
·
By Gregory Rudder
Insights
Smelter closure to wipe nearly 30% of US aluminum capacity
In a letter to its employees seen by Fastmarkets on Wednesday January 24, the independently owned Magnitude 7 Metals LLC aluminium smelter in Marston, Missouri said it would curtail its operations over the course of the next three to five days, and that "most employees will no longer be required after January 28"
January 25, 2024
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By Yasemin Esmen
Insights
High stainless steel output in China led to jump in imports of raw materials in 2023
High stainless steel production in China in 2023 generated lofty imports of raw materials, including chrome ore, ferro-chrome, nickel pig iron (NPI) and ferro-nickel
January 25, 2024
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By Jessica Zong, Tina Tong, Dylan Duan
Insights
Brazil’s soybean exports reach 1.4 million tonnes so far in January
Brazil's customs data revealed that soybean exports for the first two weeks of January 2024 has already surpassed the figure for all of January 2023
January 18, 2024
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By Leticia Pakulski
Insights
Oversupply continues to put pressure on NPI, MHP markets in 2024 | 2024 preview
The rise in capacity-building in the past years in both China and Indonesia quickly turned nickel market once in short-supply into an oversupplied one, not only in China, but also globally
January 18, 2024
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By the Fastmarkets team, Yiwen Ju, Dylan Duan
Insights
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