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The London Metal Exchange has formally canceled this year’s LME Week, which was due to take place in London later this year, “due to the Covid-19 pandemic.”
Global manganese ore production contracted by 22% in April from March because of the Covid-19 pandemic, according to the latest data from the International Manganese Institute (IMnI).
Markets were for the most part stronger this morning, Monday June 1, following relief that United States President Donald Trump’s response last Friday to China’s plans to impose national security laws in Hong Kong did not shake market sentiment because he did not meddle with the phase one US-China trade deal, or increase sanctions.
Fastmarkets has discontinued its iron ore implied pellet premium over 62% Fe fines, cfr Qingdao, $/tonne [MB-IRO-0080].
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