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Sales of passenger cars in the European Union dropped by 3.27% year on year in December 2020, the European Automotive Manufacturers Association (ACEA) said on Tuesday January 19.
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China’s crude steel output in 2020 exceeded 1 billion tonnes for the first time with an increase of 5.2%, according to data released by the country’s National Bureau of Statistics on Monday January 18.
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The key producer of chromium salts in China, Hubei Zhenhua Chemical, has completed its purchase of Chongqing Minfeng Chemical, it announced on Monday January 18.
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Tronox’s plan to purchase the TTI titanium slag smelter in Norway from Eramet has fallen through after opposition from the UK antitrust regulator.
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US-based junior miner Lithium Americas received the Record of Decision from the United States Bureau of Land Management (BLM) for its Thacker Pass project in Nevada on Friday January 15.
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Fluorspar acidspar export prices remained stable in China last week amid weak demand. China’s domestic fluorspar transport has been partly disrupted in north China due to increased Covid-19 cases in Hebei province.
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Turkey’s biggest steel producer, Erdemir, has bought compatriot magnesia producer Kümas, with the sale approved by the Turkish Competition Authority, the steelmaker said on Friday January 15.
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Rio Tinto is to become the first producer of high-quality scandium oxide in North America and will produce around one-fifth of the current level of world supply from a planned plant in Québec, Canada.
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China’s steel imports increased sharply in 2020 but exports declined from 2019 levels, according to Chinese customs data released on Thursday January 14.
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South Africa’s chrome and manganese producers are facing competition with each other to secure trucking capacity amid Covid-19-related logistical disruptions and an impending rail shutdown, sources told Fastmarkets on Thursday January 14.
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China’s domestic battery-grade lithium carbonate prices rose by 5.6% to a 14-month high on Thursday January 14, 2021 on tightening spot supply while battery-grade lithium hydroxide also surged by 10.3% week on week on low availability of cheap materials, Fastmarkets heard.
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The Covid-19 pandemic is once again disrupting logistics in China, with authorities reporting the first death in the country since the spring of 2020.
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Prices of antimony trioxide in Europe and the United States continued their upward trend in the seven days to Tuesday January 12 due to tight availability of feedstock antimony metal as well as soaring freight costs.
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South African andalusite miner Andalusite Resources will be taken over by a local mining consortium, paving the way for the company to exit business rescue status and secure its position as a supplier of the mineral, Fastmarkets has learned.
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Key data from the graphite pricing sessions in Asia and Europe for the week ended Thursday January 14.
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German carmaker Volkswagen Group delivered 212,000 electric cars in 2020, a 158% increase from a year earlier and a record high for the company despite a challenging market environment and an overall drop in sales due to the economic fallout of the Covid-19 pandemic, it said on Tuesday January 12.
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Sentiment in the chromite market appeared to be firming with market participants on the sell side suggesting during the latest pricing session that there are signals of improved conditions in the short term.
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The European flourspar contract market dipped in December 2020 after a turbulent year for end consumer markets due to the Covid-19 pandemic.
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Chinese automotive output and sales dipped by just 2% in 2020 from a year earlier after a sustained recovery in the second half of the year. Continuous year-on-year growth in December in both sales and output continued to provide support to upstream raw material prices.
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United States-based minerals producer Westwater Resources has turned its focus to graphite from uranium in order to capitalize on expected growth in the battery-grade sector and to join expansion in the spherical graphite market.
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Portuguese oil and gas company Galp will increase its new-energy portfolio with a 10% stake in Savannah Resources’ lithium mine in the country.
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Mineral sand miner Kenmare has forecast increases in output in 2021 after upgrading its facilities at Moma, Mozambique.
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Fastmarkets proposes to reduce the frequency of two of its amorphous graphite price assessments to monthly from weekly.
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China Southern Rare Earths, a major state-owned producer, has announced price rises for key heavy rare-earth magnet elements.
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ArcelorMittal has restarted one of its sinter plants at Gijon in Spain's Asturias region after nine months of downtime.
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China’s exports of brown (BFA) and white fused alumina (WFA) rose year on year in November on recovering demand from overseas buyers, while refractory grade bauxite exports dropped over the same period.
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US-based junior miner Lithium Americas expects the final step in the permitting process for its Thacker Pass project in Nevada to be released on January 15 by the United States Bureau of Land Management (BLM), a company representative told Fastmarkets.
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US-based lithium producer Albemarle Corp has submitted additional information on its lithium reserves to the Chilean Nuclear Agency (CCHEN) following a formal request on Monday January 4.
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China’s fluorspar acidspar export market was flat in the first full trading week of 2021, with downstream buying exhibiting no recovery after the New Year break.
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China’s domestic battery-grade lithium carbonate market hit a 14-month high in the first trading week of the year after the price rose by 8% week on week on Thursday January 7 on soaring offer prices and heightened buying appetite.
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Refractory raw material consumers are likely to face shortages in bauxite, with the continued supply and logistics bottlenecks from China coming against a low-stock situation in destination markets.
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US-headquartered lithium producer Albemarle Corp will double lithium carbonate output at its brine-sourced production facility, Silver Peak, based in Nevada, it said on Thursday January 7.
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The antimony market had a volatile year in 2020 but was buoyed by ongoing trade flow disruptions and ore tightness in China that should continue to support prices in early 2021.
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Key data from the graphite pricing sessions in Asia and Europe for the week ended Thursday January 7.
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A summary of Australian spodumene concentrate miner Pilbara Minerals‘ results for the fourth quarter of 2020, released on Wednesday January 6.
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China’s magnesia export market has remained quiet, with few new deals reported this week because most market participants were just back from New Year holidays, although market sentiment remained upbeat due to tight supply.
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The UK Competition and Market Authority will conduct a further investigation on the potential effect of Tronox’s purchase of the TiZir titanium feedstock business from Eramet, the two companies said on Monday January 4.
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China, which is finalizing a new masterplan that will form the core of its policies for the ferrous sector in its 14th Five-Year Plan, is seeking input from steel market participants, its Ministry of Industry & Information Technology (MIIT) said on December 31.
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China's finance ministry has reduced the subsidies for electric vehicles (EVs) for 2021 by 20%, a move most market participants say they had expected.
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Delivery and sales from leading US-based electric vehicles (EVs) manufacturer Tesla showed strong growth over the course of 2020 despite the economic setbacks and logistic disruptions triggered by the global spread of Covid-19 and its economic consequences, according to data released by the company on Saturday January 2.
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Exports of dead burned magnesia (DBM) rose in November year on year due to increasing demand from overseas buyers, while caustic calcined magnesia (CCM) and fused magnesia (FM) exports declined.
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View the Fastmarkets holiday pricing schedule for 2021 and 2022.
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Sustainable mining of lithium - a critical raw material in the manufacturing of lithium-ion batteries that also plays a pivotal role in vehicle electrification - has come under increased scrutiny over the past year amid an accelerated shift toward electric vehicles (EVs).
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China’s spot prices for battery-grade lithium carbonate moved up further on tight supply, and deals were secured at even higher prices over the week Thursday December 31
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Key data from the graphite pricing sessions in Asia and Europe for the week ended Thursday December 31
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Chinese lithium producer Sichuan Yahua Lithium, a subsidiary of Sichuan Yahua Group, has signed a long-term supply agreement for battery-grade lithium hydroxide with United States-based electric vehicle (EV) maker Tesla on December 29, it said on Wednesday December 30.
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Both bauxite and fused alumina prices jumped during the two weeks to Thursday December 24, with supply tightness continuing to affect the market amid ongoing winter closure restrictions and additional supply issues related to power availability and land transport, in addition to soaring freight costs on the main routes from China to Europe.
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The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal transition period ends, easing metals and minerals market participants’ fears of logistics paralysis and material shortages.
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Key data from the graphite pricing sessions in Asia and Europe for the week ended Thursday December 24.
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Key pricing data from the pricing sessions in Europe and Asia for the week ended December 24.
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