IN CASE YOU MISSED IT: 5 key stories from August 15

Here are five Fastmarkets MB stories you might have missed on Thursday August 15 that are worth another look.

The world’s biggest copper consumer could be getting ready to start spending, analysts told Fastmarkets. Analysts expect China’s State Grid Corp of China, whose budget comprises 50% of the country’s annual copper demand, to come good on promises to increase investment on the nation’s electronic grid by 5% this year.

China’s alumina market is showing signs of a recovery following the emergence of higher offer prices by domestic producers this week due to a number of production cuts in the country, market sources told Fastmarkets on Wednesday August 14.

International inquiries for cobalt metal from China picked up quickly over the past week after the premium that the Chinese metal price holds against the European price narrowed sharply on August 14.

Southwestern China’s Kunming Intermediate People’s Court will auction all of the 18,661 tonnes of antimony ingots held by the collapsed Fanya Metal Exchange in late August, according to an official notice seen by Fastmarkets on August 15.

Chilean state-owned copper producer Codelco began operations at Chuquicamata’s subterranean phase on August 14, with an aim to increase mine life by 40 years and to improve the division’s productivity, the company said.

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