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The metals and mining markets are constantly changing. Stay connected to the stories driving change across the global metals markets, including the lasting effect of Russia’s invasion of Ukraine, energy price hikes, trade flow disruptions and the pull of decarbonization targets.
Our team of over 160 reporters and analysts brings you the latest metals markets analysis while diving into the important developments impacting price volatility.
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Dive deeper into the stories impacting your markets with Fastmarkets’ in-depth news and analysis of the global metals market
Pakistan’s government has said that Fastmarkets’ import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.
Spot prices in the key Vietnamese scrap import market rebounded strongly during the week to Friday February 26, even though buyers with inventories were not actively purchasing due to high prices and the narrow scrap-billet spread, according to market sources.
Hot-rolled coil prices in the United States continue to hit record highs, with further upside expected, Fastmarkets understands.
The United States’ copper scrap market has been thrown out of balance since the price for the red metal surged above the $4 per lb on Comex this week.
Aluminium crossed the $2,200-per-tonne mark and copper continued to extend its bullish rally on the London Metal Exchange during morning trading on Thursday February 25, with a softer US Dollar Index supporting higher prices in the complex.
Apart from nickel on the London Metal Exchange, the rest of the base metals on both the LME and Shanghai Futures Exchange were once again stronger this morning, Thursday February 25.
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