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Seaborne coking coal prices trended higher in the cfr China market following a strong domestic coking coal market and fell slightly in the fob market on Friday August 13 with market participants adopting a wait-and-see attitude.
Battery supply chain participants have prioritized securing lithium in the second half of 2021, but nickel has also been a headache for sourcing directors, who are less concerned about cobalt supplies, a Fastmarkets survey has found.
Zimbabwe has banned exports of raw chrome ore with immediate effect and will ban exports of chrome concentrates from July 2022 in order to secure its ferro-chrome industry, the country’s cabinet announced on August 3, in a move which proponents of a South African chrome ore export tax believe has strengthened their case.
In Latin America, higher public spending in 2020 due to Covid-19 and higher global commodity prices in 2021 are driving up prices while unemployment levels remain high and purchasing power stagnates.
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