The price of copper and capital costs will be central to Freeport-McMoRan’s decision on the timing of an expansion at its Bagdad copper operation in the US state of Arizona, the president of the US producer told Fastmarkets

With increasing volumes of shredded scrap being exported from the US West Coast, Fastmarkets is launching a shredded scrap export index to balance its ferrous scrap exports offering from the US East and West Coasts

China’s premium for copper cathode imports increased after the country’s golden week holiday from September 29 to October, supported amid favorable import conditions, while the premium in the US copper market came under pressure due to excess supply, sources said

Fastmarkets is proposing to discontinue its broker buying, FOB, price assessments for punchings and plate grade ferrous scrap in the Cleveland and Pittsburgh markets.

Fastmarkets is proposing to adjust the methodology for its FOB NOLA alternative irons prices to include bids, offers and assessments of the market as well deals in its weekly pricing session.

Fastmarkets has adjusted its dealer selling price assessments for ferrous scrap in Atlanta, effective Tuesday October 10.

The publication of Fastmarkets' manganese ore fot indices for Monday October 9 was delayed due to a reporter error.

The London Metal Exchange (LME) is trialing the expansion of its closing price methodology across five of its base metals contracts ahead of launching next year, the exchange’s chief executive officer told Fastmarkets

Nickel market participants rejected the idea of making nickel sulfate or other Class 2 products eligible for delivery against the Class 1 London Metal Exchange (LME) contract and want the exchange to instead focus on fixing the existing contract, according to the LME chief executive officer

While there’s more work to be done, stability has been restored to the London Metal Exchange nickel contract and confidence in its value as a pricing mechanism is starting to return, according to the exchange’s chief executive officer