Fastmarkets assessed the price of laterite ore with 1.5% Ni content, cif China
, at $68-71 per tonne on Friday, up by $5-6 per tonne (8.6%) from $63-65 per tonne a week earlier. This marks the highest since Fastmarkets began tracking the market in February 2016.
Fastmarkets’ weekly price assessment for laterite ore with 1.8% Ni content, 15-20% Fe, water content 30-35% Si:Mg ratio<2, cif China
, was $90-91 per tonne on Friday, up by $16-17 per tonne from $73-75 per tonne a week earlier. The price is now at its highest since late September 2014.
“The recent increase is mad; it’s going up so quickly and the...