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The metals and mining market is going through a period of fundamental change. The industry is racing to meet decarbonization targets; all while supply chains are being tested to their limits. Production capacity is changing as new supply comes online. The ongoing war in Ukraine and other market forces have created unprecedented price volatility and imbalances in supply and demand.
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Wogen Resources has signed a binding offtake agreement with Australian antimony miner Larvotto Resources for the sales rights of the miner’s upcoming antimony-gold concentrate produced during the first seven years of mining, the companies confirmed with Fastmarkets on Monday December 2.
Liberty Steel will idle operations at its Peoria, Illinois, facility starting Monday December 9 through “at least” February 3 “due to a shortage of wire rod and financial difficulties,” an industry observer familiar with the company’s operations said on Monday December 2.
Gallium, germanium and magnesium were listed among the top 10 priority materials that could face significant supply chain disruptions, according to a report published by the British Geological Survey (BGS)-hosted Critical Minerals Intelligence Centre (CMIC) on Thursday November 28.
Fastmarkets proposes to amend the frequency of the publication of several US base metal price assessments to a monthly basis, including MB-PB-0006 lead 99.97% ingot premium, ddp Midwest US; MB-SN-0036 tin 99.85% premium, in-whs Baltimore; MB-SN-0011 tin 99.85% premium, ddp Midwest US; MB-NI-0240 nickel 4×4 cathode premium, delivered Midwest US and MB-NI-0241 nickel briquette premium, delivered Midwest US.
Fastmarkets proposes to discontinue its MB-PB-0099 lead 99.99% ingot premium, delivered Midwest US price assessment.
With the race to decarbonize the steel sector gathering pace around the world, Fastmarkets reached out to subject experts in Europe, to discuss the major challenges and opportunities that lie ahead in the new, green steel landscape.
Get the key takeaways from our recent webinar covering the future of US ferro-chrome pricing in a post-benchmark world.
Read more about the highlights from Fastmarkets’ annual Middle East Iron and Steel conference, which was held on 18-20 November in Dubai.
Steel market participants had varying reactions to US President-elect Donald Trump’s assertion on Monday September 25 that he will impose a 25% tariff of all products being imported from Canada and Mexico into the US, as well as levy a 10% additional tariff on all Chinese imports.
The International Energy Agency (IEA) and the UN High Level Climate Champions (UN HLCs) have developed a roadmap detailing a global implementation plan for governments and initiatives in the steel industry, aimed at accelerating decarbonization, Fastmarkets heard at the 29th Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change (UN FCCC).
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