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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
EXCLUSIVE: Tata Steel to offer shredded scrap to domestic market in India
Tata Steel’s recycling business in India is to offer domestically produced shredded material to the Indian market, adding to its existing offering, the company told Fastmarkets on Wednesday April 7.
April 8, 2021
·
By Carrie Bone
Insights
EVs net lion’s share in US infrastructure proposal
Electric vehicles (EVs) and batteries feature prominently in US President Joe Biden’s $2-trillion plan to rebuild the country's infrastructure and economy.
April 7, 2021
·
By Rijuta Dey
Insights
Tsingshan Holding Group to invest $1.57 bln in lithium-ion battery plant
China-based nickel and stainless steel producer Tsingshan Holding Group will invest 10.3 billion yuan ($1.57 billion) to build a lithium-ion battery plant in the southern China province of Guangdong, it said on April 1.
April 7, 2021
·
By Dalila Ouerghi
Insights
US steel industry lauds Biden’s $2-trillion infrastructure plan
US President Joe Biden’s $2-trillion infrastructure and jobs package is being applauded by domestic steelmakers and the United Steelworkers union.
April 2, 2021
·
By Mark Shenk
Insights
Britishvolt explores US fundraising for $3.6 bln battery gigafactory
Britishvolt, a United Kingdom-based lithium-ion battery producer, has initiated fundraising plans in the United States to support its gigaplant project in Northumberland, UK, it said on Thursday April 1.
April 1, 2021
·
By the Fastmarkets team
Insights
How the London tin market sleepwalked into a once-in-a-lifetime spread squeeze [CORRECTED]
Tin market participants say they saw the record-breaking squeeze coming, but in pandemic-time trading, how does it get back to normal?
March 30, 2021
·
Insights
Teck Resources to ship Red Dog zinc concs to China’s Nanfang this year – sources
Teck Resources has agreed to supply China's largest zinc smelter with zinc concentrates from its Red Dog mine this year, diversifying the market for what is one of the world's biggest exporters of the metal.
March 30, 2021
·
Insights
FOCUS: Asia to be hit by ‘steel tsunami’ very soon
Asia will soon be hit by a “steel tsunami”, a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.
March 29, 2021
·
By Alex Theo
Insights
MORNING VIEW: Base metals prices mixed regionally; cross currents flowing through broader markets
Base metals prices on the London Metal Exchange were mainly lower this morning, Monday March 29, but those on the Shanghai Futures Exchange were stronger across the board while they reacted to Friday’s LME performance.
March 29, 2021
·
By William Adams
Insights
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