US silicon output, shipments climb in February
Production of silicon metal and alloys in the US rose by 19pc in February from the prior year period, matching greater shipments.
The US produced 43,600 metric tons (t) of silicon alloys and metal in February, up from 36,500t a year earlier, according to the US Geological Survey.
Net shipments increased by 33pc to 29,900t in February. Producer stocks totaled 30,500t at the end of the month, down from 40,800t a year earlier.
Imports of all silicon metal grades were down by 10pc at 7,990t by content during the month. The US imported 7pc more of silicon metal (Si 99-99.99pc) for a total of 5,640t by content, which failed to offset lower volumes non-specified metal and silicon (Si greater than 99.99pc). Imports of metal (Si 99-99.99pc) from Canada declined by 31pc to 1,400t, while Brazilian volumes increased to 2,510t from 935t.
Total imports from the four nations under dumping investigation at the time, Brazil, Australia, Norway, and Kazakhstan, fell by 31pc to 4,189t from the prior year period.
The US imported 19,800t across all ferro-silicon grades in February, up from 8,570t by contained weight. Imports of ferro-silicon (other Si 55-80pc) were primarily responsible for the rise and increased to 17,800t from 7,110t in the prior year. Imports of Russian alloy totaled 13,100t by content, up from none a year earlier and more than offset lower volumes from other nations, including Kazakhstan and Iceland.
US exports of silicon metal declined by 41pc to 3,220t in February from a year earlier. Aggregate ferro-silicon exports decreased to 831t from 906t by content.
Related news posts
Turkey rebar: Market muted ahead of elections
Turkey rebar: Market muted ahead of elections
London, 28 March (Argus) — Turkish rebar prices were stable today, without a great deal of urgency shown by export buyers following a sustained uptick in scrap prices over the past few days. The domestic market remained subdued, as construction demand is still constrained by high borrowing costs and the ongoing depreciation of the domestic currency. Argus ' daily Turkish export assessment for rebar was unchanged at $590/t fob, with larger cargoes still available at this level. European, mostly Balkan, buyers have been making enquiries this week, with scrap prices inching steadily upwards over the past three weeks. But buyers have mostly been checking prices, and trade has remained thin. Rebar indications from suppliers were in a $590-605/t fob range, with most suppliers expecting at least $595/t fob. In the wire rod segment, material was available in a range of $605-625/t fob. The weekly wire rod assessment increased by $5/t to $600/t fob Turkey. In the domestic market, offers from most mills in the Marmara and Iskenderun regions were firm in a range of $610-620/t ex-works excluding value-added tax (VAT). But material remains available from Izmir mills and one Marmara mill at $595-600/t ex-works. While some buyers have made purchases in the run-up to the municipal elections on 30 March, restocking has been lacklustre, with a lack of firm signals from the construction sector. Argus ' daily Turkish domestic rebar assessment was unchanged at $600/t ex-works excluding VAT, with the lira equivalent also unchanged at TL23,4000/t ex-works including VAT. Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Taiwan scrap imports fall 13pc on year in February
Taiwan scrap imports fall 13pc on year in February
Singapore, 28 March (Argus) — Taiwan's ferrous scrap imports fell on the year in February, reflecting rising prices, subdued activity during the holiday period and high stocks. Ferrous scrap imports totalled 218,887t, down by 21.3pc on the month and 13.2pc on the year, customs data showed. Trade sources attributed the decline to rising seaborne scrap prices in November and December. Trade sources said lower bookings were expected given the lunar new year holiday in Taiwan on 8-14 February, with mills likely to have been prudent in their procurement since November as delivery of containerised scrap usually takes 8-10 weeks from the signing of an agreement. The US remained Taiwan's top ferrous scrap supplier in February, providing 81,249t, although this was down by 32.6pc on January and 25.1pc on the year. Ferrous scrap imports from Japan fell by 10.3pc on the month and 15pc on the year to 55,510t in February. Imports from Dominican Republic rose by 7.1pc on the month and 16.9pc year on year to 17,563t. Scrap supply from Australia fell by 47.8pc year on year to 9,921t. Trade sources said underwhelming fundamentals in Asia meant Australian sellers focused on south Asia, where they could achieve stronger margins. Looking ahead, a slowing construction sector could mean lower scrap imports. "The shortage of manpower and rising building material costs have impacted the initiation pace of new construction projects," the Taiwan Institute of Economic Research said on 25 March. Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Japan’s SMM eyes Li-ion battery recycling plant by 2026
Japan’s SMM eyes Li-ion battery recycling plant by 2026
Tokyo, 28 March (Argus) — Japanese battery cathode producer Sumitomo Metal Mining (SMM) plans to set up a lithium-ion (Li-ion) battery recycling plant in western Japan's Ehime prefecture by June 2026. The recycling plant is expected to have a processing capacity of around 6,000-7,000 t/yr of black mass, equivalent to batteries for around 60,000 electric vehicles, a company representative told Argus on 28 March. Black mass is the shredded remains of cathode materials such as nickel, cobalt and lithium. The company will start construction sometime during March-April 2025, but the timing for commercial operations was undisclosed. SMM has also entered into a partnership with nine domestic recycling partners to build a supply chain for collecting used Li-ion batteries, the company representative added. SMM produced cathodes using nickel and cobalt from recycled Li-ion batteries in June 2023. Domestic battery producer Prime Earth EV Energy proved the quality of SMM's used cathodes in performance testing. The recycled ratio of nickel and cobalt used in the test was more than 6pc and 16pc respectively. This exceeds the standard rates that EU battery regulations tentatively set as minimum recycling requirements for each material, a SMM representative previously told Argus . The EU regulation is expected to take effect from 2031 after approvals by member countries. By Yusuke Maekawa Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Centaurus' Jaguar Ni mine in Brazil eyes 2027 output
Centaurus' Jaguar Ni mine in Brazil eyes 2027 output
Singapore, 28 March (Argus) — Australian mining company Centaurus Metals said that its Jaguar nickel sulphide project in Brazil is undergoing a feasibility study and aims to start production in mid-2027. Jaguar, bought from Brazilian mining firm Vale in 2020 , is estimated to hold 109mn t of 0.87pc grade nickel for an estimated 948,900t of contained nickel. The nickel product will be largely targeted at the Atlantic market, with expectations that demand will strengthen in the region. "Demand for nickel we believe is not going away. And if you look at what's going to happen in the US and European markets in particular, nickel will probably be a bigger part of the battery composition than anywhere else," Centaurus' managing director Darren Gordon said at the Tribeca Futures Commodities conference held in Singapore on 26 March. "There's a huge amount of nickel that still needs to come into the market." Many Australian mining firms have struggled with a slump in global nickel prices earlier in the year because of a supply glut caused by increased volumes from Indonesia, coupled with a slowdown in demand. Several Australian mines have halted operations , while other processing facilities were placed on care and maintenance programmes . But Centaurus is hopeful that Jaguar will be able to compete on a cost and environmental basis with Indonesian supplies. "Nickel is going to continue be supplied out of Indonesia in very large ways so we are going to compete on costs. And we think that when we deliver the feasibility study, we will be able to demonstrate that we can compete on costs. But overlay on that, we have this very low carbon footprint associated with our project," Gordon added. Centaurus said Jaguar is one of the lowest carbon footprint nickel project globally, following a review done by a metals and mining ESG research company. Once operational, greenhouse gas emissions from the project are forecast to be 7.27t of carbon dioxide/t of nickel equivalent, which is assessed to be lower than 94pc of other global nickel production. By Sheih Li Wong Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Business intelligence reports
Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.
Learn more