Nucor Corporation announced that Mr John J Ferriola 67 will retire as Chairman and Chief Executive Officer on December 31, 2019 and that the Board of Directors elected Mr Leon J Topalian, 51, to be President and Chief Operating Officer, effective September 5, 2019, and to succeed Mr. Ferriola as CEO on January 1, 2020,…Details
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Base metals prices on the Shanghai Futures Exchange were broadly down during morning trading on Monday September 9 with weak data from the United States and China last week weighing on the complex. US job growth slowed more than expected in August, with data released on Friday showing total non-farm employment rising by 130,000 –…Details
As of September 1, the Beltrame Group has appointed Mr Alain Creteur as the new Managing Director of Stahl Gerlafingen. He takes over all offices and functions of René Bollier. He has led Stahl Gerlafingen interim for the past 18 months as Managing Director. Mr Alain Creteur is 49 years old, of Italian-Belgian descent and…Details
Here are five Fastmarkets MB stories you might have missed on Friday September 6 that are worth another look. There was an air of optimism among copper participants attending a conference in the Chinese city of Qiqihar on Thursday September 5, with many there telling Fastmarkets they had heard deals and offers for copper cathode…Details
The export price of Brazil-origin slab increased this week amid renewed deals to the United States’ West Coast, market participants told Fastmarkets. Fastmarkets assessed steel slab export, fob main port Brazil at $430-450 per tonne on Friday September 6, up from $425-435 per tonne fob the previous week. A revival in demand from US slab…Details
There was an air of optimism among copper participants attending a conference in the Chinese city of Qiqihar on Thursday September 5, with many there telling Fastmarkets they had heard deals and offers for copper cathode at higher levels than in recent weeks due to improving market fundamentals. The higher offers and deals for copper…Details
LIVE FUTURES REPORT 06/09: LME nickel price consolidates lower following fresh inflow; copper holds above $5,800/t
The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday September 6, with upward momentum tempered by a fresh inflow of some 1,100 tonnes, while copper futures continued to find support above the $5,800-per-tonne support level. Recently trading at around $17,405 per tonne, nickel futures remain in a downtrend…Details
The China Securities Regulatory Commission (CSRC) has approved the listing of a non-ferrous metals exchange-traded fund (ETF) on the Shenzhen Stock Exchange (SZSE). The Dacheng Fund Nonferrous Metal Futures ETF will track the Shanghai Futures Exchange Non-ferrous Metals Futures Index, SZSE said on Monday September 2. “Investors will have one more tool to defuse investment…Details
Barring copper and zinc, base metal stocks at Shanghai Futures Exchange-approved warehouses fell in the week to Friday September 6, with the biggest percentage fall in lead stocks, which tumbled by 16.3% or 5,081 tonnes to 25,998 tonnes. The largest outflow in lead inventories was registered at Zongchu Wuxi’s warehouse in Jiangsu, which delivered out…Details
BATTERY RAW MATERIALS MARKET REPORT 06/09: Chinese cobalt prices rise due to higher raw materials costs
An overview of the battery raw materials markets and their latest price moves. Source of informationDetails
Some aluminium scrap prices in the United States slipped over the past week, with the majority unchanged from the previous week, due to muted market activity and a lack of demand, sources said on Thursday September 5. Fastmarkets’ assessment of the aluminium scrap non-ferrous auto shred (90% Al) buying price, delivered to Midwest secondary smelters, was at…Details
Reuters reported that EU governments approved limits to steel quotas designed to protect European manufacturers from the threat of surging imports following the effective closure of the US market. EU diplomats said that a large majority of EU countries voted to back changes proposed by the European Commission. The bloc has had in place for…Details
Secondary aluminium alloy prices fell across the board on Thursday September 5 due to diminishing demand in the United States, with the London Metal Exchange’s North American special aluminium alloy contract (Nasaac) also tumbling to a more than 10-year low. Fastmarkets’ assessment for aluminium alloy A380.1, delivered Midwest, was at 63-67 cents per lb on September…Details