Latest news©2022 MB60Latest newsNew supply of smaller Indonesian steel billet a gamechanger for Philippines, sources sayThe first sale of 130mm blast furnace (BF)-based steel billet by a large Indonesian steelmaker was a significant moment for the Philippines import market because it will create more purchasing choice for buyers, sources said on the sidelines of Fastmarkets’ Singapore Steel Forum., 19 May 2022 12:17:00 GMTChina's GEM expands into Hungary for battery materials production, recyclingGEM has signed a cooperation memorandum with the Consulate General of Hungary in Shanghai for ternary precursor production and battery recycling in Hungary, the Chinese battery materials producer said on Tuesday May 17., 19 May 2022 11:12:00 GMTHorizonte starts construction at Araguaia ferro-nickel projectHorizonte Minerals is around two years away from completing construction at its Araguaia ferro-nickel project in Brazil after breaking ground at the site this week., 19 May 2022 11:01:00 GMTLME base metal futures edge up; tin gains 2%Base metal futures on the London Metal Exchange were up across the board at the 9am open on Thursday May 19 following Wednesday’s sell-off., 19 May 2022 09:39:00 GMTIndonesia confirms ban this year on tin, bauxite exports - reportsThe Indonesian government will ban exports of tin and bauxite this year as part of efforts to develop the domestic downstream metals sector, a minister said on Wednesday May 18, according to local media., 19 May 2022 09:16:00 GMTChampion Iron to produce DR-grade iron ore pellets with Pointe Noire purchaseCanadian iron ore miner Champion Iron will start to produce direct reduction (DR)-grade iron ore pellets with the purchase of the Pointe Noire pelletizing facility in Sept-Iles, Quebec., 19 May 2022 08:48:00 GMTChina’s CNGR partners with Singapore's Rigqueza for Indonesian nickel matte projectChinese battery raw materials producer CNGR Advanced Material Co is teaming up with Singapore-based Rigqueza International on a nickel matte project in Indonesia, the former said on Wednesday May 18., 19 May 2022 06:22:00 GMTUkraine to turn steel importer once post-war reconstruction starts, think tank says Ukraine will likely turn into a net importer of steel once the war situation eases and reconstruction efforts start, Stanislav Zinchenko, chief executive of Ukraine-based think tank GMK Center, said at the Singapore Steel Forum on Thursday May 19., 19 May 2022 05:12:00 GMTFive key stories from May 18Here are five Fastmarkets stories you might have missed on Wednesday May 18 that are worth another look., 18 May 2022 23:05:00 GMTBrazilian steel use down 10.4% in April, Aço Brasil saysApparent steel consumption in Brazil fell by 10.36% in April, from the corresponding month last year, mostly due to a sharp decrease in flat-rolled steel numbers, steelmakers’ association Instituto Aço Brasil said on Wednesday May 18., 18 May 2022 19:30:00 GMTBase metal futures decline following bounceBase metal futures on the London Metal Exchange were down across the board at the 5pm close on Wednesday May 18, with the base metals unable to hold onto their gains from Tuesday., 18 May 2022 16:34:00 GMTNeo reopens rare-earths plant in China after Covid-19 lockdownNeo Performance Materials’ JAMR unit for the separation of high-purity heavy rare-earths in Jiangyin, China, has reopened for full operations after being shut down for 12 days for a government-mandated, city-wide lockdown., 18 May 2022 14:18:00 GMTRefined copper market seen in balance in 2022 and 2023, IWCC saysThe refined copper market is expected to be largely in balance this year and next, the International Wrought Copper Council (IWCC) said in its six-monthly review of the copper market, released on Tuesday May 17., 18 May 2022 13:13:00 GMTMore recycled cobalt supply needed to meet long-term EV demand, panelists sayRecycled cobalt supply will be needed to supplement a tight primary cobalt market to meet demand from electrification, panelists at the Cobalt Institute conference in Zurich, Switzerland, said on Wednesday May 18., 18 May 2022 11:35:00 GMTAluminium price up on more cancellations; base metals prices mostly downThe base metals complex traded lower on the morning of Wednesday May 18, with aluminium bucking the trend to post moderate gains., 18 May 2022 10:03:00 GMTSustainability takes center stage of Cobalt Conference panel discussionA push for further supply chain transparency and sustainability emerged at the forefront of a panel discussion at the Cobalt Conference, hosted by the Cobalt Institute in Zurich, Switzerland on Tuesday May 17., 18 May 2022 09:20:00 GMTFormalizing artisanal mining will ensure sustainable cobalt supply, DRC minister saysFormalizing artisanal mining is the way forward to ensure sustainable and ethical cobalt production across the value chain, Julien Paluku Kahongya, minister of industry for the Democratic Republic of Congo (DRC) said on Tuesday May 17 at the Cobalt Institute conference in Zurich, Switzerland., 18 May 2022 08:06:00 GMTFive key stories from May 17Here are five Fastmarkets stories you might have missed on Tuesday May 17 that are worth another look., 17 May 2022 23:05:00 GMTBritishvolt to work on batteries for shipping sector after Scorpio investmentBattery manufacturer Britishvolt has received a strategic investment from commodities logistics and shipping company Scorpio Group, with both companies aligned on the need to decarbonize the maritime industry., 17 May 2022 23:01:00 GMTVale expects iron ore price to remain strong for longer amid mine depletionBrazil-based miner Vale expected fundamentals for the current positive commodity cycle to remain for longer, especially considering the iron ore mine depletion estimated for this decade, the company said on Tuesday May 17., 17 May 2022 18:30:00 GMTAlba profit jumps in first quarterA summary of financial results for Aluminium Bahrain (Alba) for the first quarter of 2022, ended 31 March, 2022., 17 May 2022 17:01:00 GMTBase metals mostly close higher; nickel bucks trendBase metal futures on the London Metal Exchange were mostly higher at the 5pm close on Tuesday, May 17, although nickel bucked the trend and remains under pressure., 17 May 2022 16:55:00 GMTSustainability is fundamentally reshaping investors’ approach to finance – Hotter on metalsA shift in spending from high- to low-carbon assets as part of the energy transition culture could create the biggest reallocation of capital in history – and is already fundamentally reshaping investors’ approach to financing., 17 May 2022 15:22:00 GMTMineHub adds container-based shipments, transactions to blockchain platformMineHub Technologies has added container-based transactions and shipments to its blockchain-based platform for supply chains, the company has said., 17 May 2022 12:21:00 GMTCisa anticipates demand pick-up for steel, iron ore once Covid-19 cases come under controlThe China Iron and Steel Association (Cisa) remains positive that demand for steel and iron ore will pick up once Covid-19 cases are brought under control, Qi Bin, deputy director, market research department of Cisa, said during the Singapore International Ferrous Week on Tuesday May 17., 17 May 2022 10:52:00 GMTUkraine-Russia war to 'drag on China's economic development'The ongoing Ukraine-Russia war will be a long-term drag on China's economic and political developments until it is resolved, retired diplomat and think-tank chief Bilahari Kausikan said at the Singapore International Ferrous Week opening ceremony on Tuesday May 17., 17 May 2022 10:10:00 GMTChina iron ore prices to depend on lockdown timings, steel exports likely to surge - AstrisThe future price trends of iron ore will depend on the timings of China's Covid-19 controls, while Chinese steel exports may surge in 2022 to fulfil a deficit caused by the loss of Black Sea-origin steel supply, Astris Advisory's commodity strategist Ian Roper said at Singapore International Ferrous Week on Tuesday May 17., 17 May 2022 09:54:00 GMTBase metals mainly up in London, potential rebound under wayBase metal prices on the London Metal Exchange were mainly higher on the morning of Tuesday May 17 – the exception being tin. Those on the Shanghai Futures Exchange were more mixed., 17 May 2022 09:31:00 GMTLME zinc price up 2.3%; 30kt of aluminium canceledBase metals prices on the London Metal Exchange were mixed during morning trading on Tuesday May 17, with copper and zinc the strongest performers., 17 May 2022 09:20:00 GMTVietnam removes anti-dumping duties on galvanized steel from China, S KoreaVietnam has decided to terminate the application of anti-dumping measures on a number of galvanized steel products from China and South Korea., 17 May 2022 06:34:00 GMT