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Chinese domestic spot battery-grade lithium carbonate prices stabilized temporarily on Thursday March 12 after a slight decrease last week, market in other regions remained flat with market participants worrying about an economic slowdown due to the spread of coronavirus (2019-nCoV) globally.
The Institute of Scrap Recycling Institutes (ISRI) has decided to cancel the annual recycling event in Las Vegas next month, the biggest of its kind in the scrap industry, citing concerns over the spread of the coronavirus (2019-nCoV).
Opportunistic Chinese billet importers seeking to profit from an open arbitrage window are likely to cushion the blow to Southeast Asian prices caused by extensive measures imposed in the Philippines to stem the spread of the novel coronavirus (2019-nCoV), sources told Fastmarkets.
Two more steel producers in Italy have stopped operations following the recent nationwide extension of the country’s coronavirus-related quarantine area, and more stoppages were expected, sources told Fastmarkets on Thursday March 12.
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