Here are five Fastmarkets MB stories you might have missed on Friday June 21 that are worth another look.

Ferrous hedging was a common topic at the Steel Success Strategies XXXIV conference in New York this past week, with record-low market prices and the need to increase efficiencies continuing to mandate a new way of thinking.

Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.

China has only permitted 240,429 tonnes of copper scrap imports in the entire third quarter of 2019 for the first batch of quotas, sending panic across the local scrap industry, according to an official list of Chinese importers granted import quotas, seen by Fastmarkets, on Thursday June 20.

Nickel’s three-month price on the London Metal Exchange edged lower during morning trading on Friday June 21, pressured by a continued draw on the exchange’s dwindling supply.

Iran’s shooting down of a US drone has raised tensions in the Middle East, with gold and oil prices extending gains, while equities in Asia have weakened.

Base metals prices on the Shanghai Futures Exchange were broadly down during the morning trading session on Friday June 21, with nickel leading the charge lower.

China’s domestic lithium hydroxide market weakened slightly this week while downstream buyers slowed their purchasing ahead of July, when spot consumption typically decreases in China and the prices in the rest of the world traded sideways.

Here are five Fastmarkets MB stories you might have missed on Thursday June 20 that are worth another look.

Pilbara Minerals will restrict its lithium production in June and July due to reduced demand in the second quarter of 2019 caused by delays in the commissioning of chemical conversion capacity by the company's key offtake partners in China.