IN CASE YOU MISSED IT: 5 key stories from August 22

Here are five Fastmarkets MB stories you might have missed on Thursday August 22 that are worth another look.

In March of this year, Norwegian aluminium producer Norsk Hydro was the victim of a cyberattack. Fastmarkets goes behind the scenes to find out how events unfolded, and what has happened since.

The Qingdao Intermediate People’s Court has put up for sale a significant quantity of aluminium ingots and copper cathodes impounded in 2014 during a government crackdown over the misuse of collateral for financing metals in Qingdao.

Brazilian steel slab producers are close to resuming bookings of semi-finished material to clients in the United States for November shipment, while they look forward to the renewal of the annual Section 232 import quota for 2020.

Global refined zinc usage dropped slightly in the month of June while mine production rose by 1.9% in the first half of 2019.

Switzerland-based AfriMet Resources has launched the world’s newest tin book, targeting tin trading and project investment with the support of steel specialist Vanomet Holding AG. Trading house AfriMet plans to target long-term tin projects in Africa, which has long been a large tin resource.

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Mexico’s strategic role in automotive nearshoring is fueling demand for recycled aluminium, with investment in scrap-intensive sectors boosting its non-ferrous secondary markets. Despite tariff uncertainties, USMCA compliance and EV production growth continue to attract global manufacturers.
Goldcorp founder Rob McEwen is back in the spotlight with a bold bet on copper in Argentina. The $2.5 billion Los Azules project, set to become Argentina’s first major copper mine in over 30 years, is reshaping the country’s mining industry while raising sustainability standards. Positioned as a key player in addressing a global copper shortage, the project highlights innovation, persistence and a commitment to meeting the growing demand from global electrification.
Fastmarkets has launched MB-NI-0257, high-grade nickel matte payable indicator, 65-75% nickel contained, cif China, % of official exchange price on Friday May 30.
The following price was affected: MB-AL-0020 Aluminium P1020A premium, ddp Midwest US, US cents/lb.  This price is a part of the Fastmarkets Base Metals package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price information by becoming a data submitter to this price, please […]
The US aluminium industry is experiencing challenges related to tariffs, which have contributed to higher prices and premiums, raising questions about potential impacts on demand. Alcoa's CEO has noted that sustained high prices could affect the domestic market. While trade agreements might provide some relief, analysts expect premiums to remain elevated in the near term. However, aluminum demand is projected to grow over the long term, supported by the energy transition and clean energy projects. To meet this demand, the industry will need to increase production, restart idle smelters and address factors such as electricity costs and global competition.