Middle East

This consultation, which is open until April 8, 2026, seeks to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. The price under review […]

Lundin Mining and BHP published a preliminary economic assessment on February 16 for their Vicuña joint venture, projecting average annual copper production of 395,000 tonnes over the first 25 years of operation as Argentina’s copper concentrate pipeline continues to build. PSJ Cobre Mendocino separately confirmed on February 14 that its feasibility study was under way.

Key takeaways: The indices for locally produced brown testliner and fluting showed minor drops in February. Fastmarkets calculated its monthly PIX Testliner GCC index at $462.20 per tonne on March 3, down by $0.18 per tonne (0.04%) from $462.38 on February 3. Fastmarkets calculated its PIX Fluting GCC index at $438.15 per tonne on March […]

Fastmarkets has suspended its pricing for Iran steel billet and slab exports following the escalation of the conflict between the US, Israel and Iran and because relevant, relative pricing data is not immediately available.

Fastmarkets is inviting feedback from the industry on the pricing methodology for its steel reinforcing bar (rebar), domestic, delivered Saudi Arabia price, as part of its annual methodology review process.

Roughly 40,000 tonnes per month of copper cathode that once flowed smoothly into the United Arab Emirates (UAE) through Jebel Ali had few options to reroute after the Strait of Hormuz officially closed on Monday March 2, with the only alternative entry points — Khor Fakkan and Fujairah — already straining under the weight of diverted cargo, market sources told Fastmarkets.