Cobalt price, nickel usage limit damage to EV Metal Index

Europe’s largest lithium project fully funded

Vale resumes Creighton operations after earthquake

China’s EV battery sector frets over supply

[Ferro-Alloys.com] Ferndale Mayor Greg Hansen took “a nice, long walk in the rain’’ to compose himself Wednesday before agreeing to speak about the announced closure of the nearby Alcoa aluminum smelter — it’s a huge blow to a community already reeling.

Continued supply tightness of ferrous scrap and higher overseas demand for Turkish rebar has limited the immediate-term downside for Turkish imported scrap prices despite a fall in local rebar demand in Turkey this week.

The seaborne thermal coal market is oversupplied by around 40mn t and a demand-supply imbalance could persist for much of this year as the Covid-19 pandemic dents economic activity.

China's quick recovery from the Covid-19 outbreak has steadied iron ore prices this year, but global steel production cuts could divert 4mn-5mn t/month of iron ore to China and start to weigh on its spot markets, especially for pellet.