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Nornickel resumed operations at its Taimyrsky nickel and copper mine in Siberia on June 1, the world’s second biggest nickel producer said on Friday June 4.
Seaborne coking coal prices stayed largely stable in the cfr market and inched up in the fob market on Friday June 4, with major mills in the cfr market done restocking premium cargoes while market sentiment in the fob market turned bullish on market expectations of a facilities overhaul in July for major Australian miners, Fastmarkets heard.
After assessing market feedback, Fastmarkets is extending the consultation period for its proposal to launch a weekly price assessment for ferro-silicon, 75% Si min, cif Japan basis.
An accident at Kaohsiung port, Taiwan, in which a tower crane collapsed on Thursday June 3 will likely have minimal impact on discharge rates for containerized ferrous scrap in the coming days, market sources told Fastmarkets.
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