Metal Bulletin is part of Fastmarkets

Unlike most other commodities, cobalt is primarily a by-product – with 60% derived from copper and 38% from nickel – so how will changes in those markets change the picture for cobalt in the coming months following a year of price weakness and oversupply in 2024?

Following an initial one-month consultation period, Fastmarkets has decided to extend the consultation period of the proposal to launch low-grade ferro-nickel, 20-25% Ni contained cif China price assessment to allow for additional feedback from the industry.

Prices for imported flat-rolled steel into the US were largely stable on Wednesday November 20, with market participants reporting thin trading and long lead times deterring them from engaging in the foreign markets.

Copper recycling will become increasingly critical as the world transitions to cleaner energy systems, the International Energy Agency (IEA) said in a special report published early this week.

The publication of Fastmarkets’ MB-BMS-0014 Black mass, NCM/NCA, payable indicator, cobalt, domestic, exw USA, % payable Fastmarkets’ standard-grade cobalt price assessment and MB-BMS-0015 Black mass, NCM/NCA, payable indicator, nickel, exw USA, % payable LME Nickel cash official price assessment for Wednesday November 20 was delayed due to reporter error. Fastmarkets’ pricing database has been updated.

Insteel Wire Products Company announced it will cease operations at its factory in Warren, Ohio, next week.