Lithium prices have fallen significantly, putting the cost of cells at 7.5% of the price of an EV as of August 2024 (Tesla Model 3 Base, USA), down from 15% in January 2023. Find out how falling raw materials prices are impacting auto OEMs and reshaping global EV pricing strategies

Fastmarkets proposes to amend the impurity specifications for its weekly payable indicators for black mass in South Korea, Southeast Asia and Europe.

The rationales for MB-ALU-0002 Alumina index, fob Australia, $/tonne on those days had omitted a deal at $318 per tonne FOB Gladstone for 30,000 tonnes, which had been carried over from the previous index. This has been corrected. The published prices are unaffected by this change. This price is part of the Fastmarkets base metals package. For […]

Fastmarkets confirms its decision to discontinue its two domestic European stainless steel base price assessments.

MB-IRO-0008 Iron ore 62% Fe fines, cfr QingdaoMB-IRO-0144 62% Fe low-alumina fines, cfr QingdaoMB-IRO-0009 Iron ore 65% Fe Brazil-origin fines, cfr QingdaoMB-IRO-0017 Iron ore 58% Fe fines high-grade premium index, cfr QingdaoMB-IRO-0015 Iron ore 58% Fe fines, cfr QingdaoMB-IRO-0010 62.5% Fe Australia-origin lump ore premium, cfr QingdaoThese prices are part of the Fastmarkets’ steelmaking raw […]

Fastmarkets has corrected its fob Australia alumina index, which was published incorrectly on Monday June 2 and Tuesday June 3 due to a back-end calculation error. Fastmarkets has also corrected all the related inferred indices. On June 2 the following prices were published incorrectly: Fastmarkets’ MB-ALU-0002 Alumina index, fob Australia, was published in error as $375.59 per […]

The tonnage specifications will be updated to a minimum of 500 tonnes (previously 500-5,000 tonnes), recognizing that higher tonnages are often transacted in the physical market.  Fastmarkets also clarifies that these assessments do not include EU Carbon Border Adjustment Mechanism (CBAM) costs.  The new specifications are as follows with amendments in italic:  MB-STE-0047 – Steel hot-rolled coil import, […]

The publication of Fastmarkets’ MB-ALU-0002 alumina index, fob Australia assessment for Thursday October 30 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated.

The inclusion of CBAM costs will enable the assessments to better reflect how the spot market is expected to trade from 2026 onward, based on supply and demand fundamentals. This means the CBAM certificate costs may not always fully be reflected or passed on from seller to buyer in the spot FCA DP prices. The […]

Following an initial consultation with the market, and a review of the typical data sets that have been collected over recent months, Fastmarkets is proposing the changes to the name and specifications of the index for iron ore 62% Fe fines, fot Qingdao (MB-IRO-00011), and iron ore 62% Fe fines, fot Qingdao, $/tonne conversion (MB-IRO-00022), […]