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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.
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Dive deeper into the stories impacting your markets with Fastmarkets’ in-depth news and analysis of the global metals market
Base metals prices on the Shanghai Futures Exchange were mostly up during Asian morning trading on Friday January 25, with the complex following the stronger tone set by the London Metal Exchange three-month base metals prices on Thursday.
An ad hoc coalition of more than 45 groups from various industries in the United States has called on the administration of President Donald Trump to end the Section 232 tariffs on steel and aluminium imports from Canada and Mexico.
M2 Cobalt Corp and Jervois Mining Ltd are to merge in a deal that will complement the latter’s ambitions in East Africa as part of its focus on the growing battery metals market.
The prices for cobalt products in China were broadly steady on Wednesday January 23 on limited availability of prompt cargoes, but market participants are wary of price vulnerability after the Chinese New Year holiday on February 4-10.
Chinese steelmakers’ narrowing margins and improvements in the supply of Brazilian iron ore have resulted in lower penalties for alumina content in the steelmaking raw material recently, though there are factors that could raise buyers’ sensitivity toward this impurity in the coming months.
Three-month base metals prices on the London Metal Exchange were for the most part weaker with prices off by an average of 0.3% this morning, Thursday January 24.
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