IN CASE YOU MISSED IT: 5 key stories from August 14

Here are five Fastmarkets MB stories you might have missed on Wednesday August 14 that are worth another look.

A series of press reports relating to the changes in Indonesia’s nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.

China announced a third round of copper scrap import quotas on August 14, allowing a select list of importers to bring an additional 87,680 tonnes of copper scrap into the country by the end of 2019, according to the Bureau of International Recycling.

The suspension of iron ore exports from SL Mining’s operations at Marampa in Sierra Leone left stockpiles of more than 500,000 tonnes of concentrates at the mine in the Port Loko district, according to the company.

Trading volumes on the London Metal Exchange declined by 6% in the first half of 2019, parent company Hong Kong Exchanges & Clearing said in its own half-year results announcement.

The conspicuous absence of Turkish mills from the East Coast ferrous scrap export market has started to take its toll, with Boston docks lowering prices effective from Tuesday August 13 and headwinds in global rebar prices likely to drag scrap prices lower.

What to read next
The influential annual treatment and refining charge (TC/RC) benchmark that sets the price that smelters charge miners to process their copper concentrate could be at risk, according to multiple market sources, although most believe the system, or elements of it, will remain
Fastmarkets' initial low-carbon premium for nickel briquettes captured existing regional price differences, with growing awareness and legislative incentives indicating there is potential for a strong market to emerge
The Chilean government is pushing ahead with plans for a new copper smelter despite the global smelting crisis, Chile’s minister of mining, Aurora Williams told Fastmarkets, adding that the state will also play a key role in developing the country’s premium lithium assets
Just under two weeks ago, the chair of BHP made a phone call to his counterpart at mining peer Anglo American and set in motion a flurry of activity designed to create the largest copper producer in the world
Brazilian aluminium supply coming from Companhia Brasileira de Alumínio (CBA) is said to have tightened, helping to boost the P1020A ingot premium, market participants told Fastmarkets in the two weeks to Wednesday April 24
In anticipation of a tight market, copper concentrate traders have locked in 2025 volumes at notably low treatment charges, with deals being placed well below the long-term industry benchmarks