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Nickel: European premiums under pressure as demand picks up

Nickel: European premiums under pressure as demand picks up

Spot premiums for refined nickel briquettes came under further pressure in Europe on Tuesday after continued availability of material in the region drove prices down. The premium for nickel briquettes-Warehouse Rotterdam stood at $743/mt on Nov. 28, down 67 percent...
Steel: Nucor and Dofasco raise sheet metal prices

Steel: Nucor and Dofasco raise sheet metal prices

North American steel mills Nucor and ArcelorMittal Dofasco have raised plate prices. Electric arc furnace (EAF) steel producer Nucor, one of the largest, raised its price by $60/ton yesterday due to new orders. Market participants had been waiting for Nucor to...
Cobalt: plummeting Chinese demand and rising supplies

Cobalt: plummeting Chinese demand and rising supplies

Forward negotiations for cobalt 2023 have taken a challenging turn for sellers following a severe drop in Chinese demand, which has put pressure on prices and left the market well-supplied ahead of next year's expected surplus. This, after 2022 was supposed to be a...