Iron ore 62.5% Fe Australia-origin lump ore premium, cfr Qingdao, US cents/dmtu

Scrap processor TSR will supply aluminium flat-roller Novelis with high-grade European aluminium scrap that can serve as a “sustainable P1020 substitute,” a TSR executive told Fastmarkets on Thursday October 10.

Supply chains for battery and critical raw materials will reorganize themselves, with market efficiency superseding subsidies in supply chains, delegates heard at the recent Financial Times Mining Summit.

The Western world’s industrial strength is beginning to drop, but Jakob Stausholm, chief executive officer of Rio Tinto, said at a London Metal Exchange seminar that there was “plenty of demand to be unlocked from reindustrialization.”