January 2021

APEX Q4 2020: ED&F Man’s Meir takes top spot in Q4 base metals forecasts leaderboard

ED&F Man Capital Markets’ Edward Meir took the top spot on the Apex base metals prediction ranking for the fourth quarter of 2020 with a 96.75% accuracy score while Wenyu Yao at ING was the winner for precious metals predictions over the quarter with 98.32%.

IRON ORE DAILY: Prices down amid weak demand, Chinese plans to cut crude steel production

Iron ore prices fell on Tuesday January 26, due to weakening demand generally and in response to China's announcement about its plans to cut crude steel production in 2021 as part of its 14th Five-year Plan.

JSW Steel's iron ore mines in Odisha ramp up to 100,000 tonnes per day

JSW Steel - the flagship company of the JSW Group - has reported a daily output of 100,000 tonnes of iron ore from its newly acquired mines in the Indian state of Odisha, according to local media.

IRON ORE DAILY: SGX 65% Fe contract monthly traded vol surpasses 6 mln t [CORRECTED]

The Singapore Exchange’s (SGX) 65% Fe iron ore derivatives contract - which is settled against Fastmarkets’ daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao - set a new record for traded volumes at 6.19 million tonnes so far in January, SGX data - published on Monday January 25 - shows.

Iron ore concentrate prices inch up on tight supply, steady demand

Prices for seaborne iron ore concentrate increased again in the week ended Friday January 22, supported by tight supply and strong demand for high-grade products amid steelmaking restrictions to cut emissions.

IRON ORE DAILY: China’s virus control measures curb price sentiment

Iron ore prices fell on Friday January 22 due to a negative near-term outlook following the introduction of stronger measures to control the resurgence of Covid-19 cases in China.

Vale eases Asia pellet drought with Vargem Grande restart

Vale resumed operations at its pelletizing plant in Vargem Grande, Nova Lima, Brazil, on Wednesday January 20, it said on Thursday January 21.

IN CASE YOU MISSED IT: 5 key stories from January 21

Here are five Fastmarkets stories you might have missed on Thursday January 21 that are worth another look.

Tailings storage facilities still pose huge threat of harm, RMF says

As many as one-third of the current global portfolio of tailings storage facilities (TSFs) are impaired and in need of urgent intervention, according to the Switzerland-based Responsible Mining Foundation (RMF).

IRON ORE DAILY: SGX 65% Fe contract sets new monthly traded record

The Singapore Exchange’s (SGX) 65% Fe iron ore derivatives contract – which is settled against Fastmarkets’ daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao – set a new record for traded volumes at 5.9 million tonnes so far in January, according to SGX published data on Thursday January 21.