Cobalt market participants have reported that this week’s Russian invasion of Ukraine will compound the tightness in availability of units in the spot market while some opt to steer clear of handling Russian material
Key Asian markets Taiwan and the Philippines will have to rely more on higher-priced steel billet from Southeast Asia if they can no longer procure Russian material amid the ongoing Russia-Ukraine conflict, according to sources
Turkish mills have been forced to pay $6 per tonne more for United States-origin ferrous scrap with the extreme curtailment of Black Sea billet shipments into global markets acutely intensifying demand for Turkish material, and there are more hefty increases for US ferrous scrap export prices on the horizon, sources told Fastmarkets
Russia’s invasion of Ukraine in February will have a profound effect on flows of material in global metal markets in the long term; in the short term the consequences have been extraordinary
Export prices for Chinese heavy plate increased in the week to Tuesday March 8 amid active trading, which was partly fueled by fears over tightening supply amid the ongoing Russia-Ukraine war
Russia’s invasion of Ukraine and the unfolding Western sanctions are expected to worsen the situation for antimony concentrate supplies, adding extra pressure to an already tight market for the metal and its derivative trioxide
Steelmakers in Russia have been searching for export opportunities with countries that do not support Western sanctions, sources told Fastmarkets on Wednesday March 9
High-level talks between Russia, the US and military bloc NATO wrap after strong warnings of military actions in the Black Sea
Availability concerns on certain materials and in specific regions have been supporting the emergence of a premium for alloy-grade cobalt against standard-grade material, compounded by the backdrop of the Russia-Ukraine war and its potential effect on flows of Russian cobalt
The headlines on corn prices, grain exports and crop planting from around the globe this week, April 12, 2022
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