Jiangxi Copper has become the first Chinese company to receive the green light to set up a large-scale copper scrap processing facility in Malaysia after China’s clamp down on copper scrap imports led to mass scrap diversion to Southeast Asia, two company officials directly involved in the matter told Fastmarkets.

The Section 232 tariffs have supported a recovery in the US steel market - promoting higher domestic prices, creating “a more level playing field” and driving investment in the US steel industry, according to David Burritt.

The temporary truce on tariffs between China and the United States could be over, injecting a new round of uncertainty into the global financial markets and suspending hopes that a resolution to the countries’ trade impasse was likely.

Following initial research and a consultation among market participants, Fastmarkets proposes to launch a twice-weekly drummed molybdic oxide price, in-warehouse Busan.

Copper premiums in Shanghai have become less volatile due to there being less financing demand in the market after one of China’s largest copper importers, Tewoo Group, began experiencing liquidity troubles in late March.

Here are five Fastmarkets MB stories you might have missed on Monday May 6 that are worth another look.

Ferrous scrap will be the “next big thing” for commodity-based derivatives in Asia, according to the Singapore Exchange (SGX).

While 2016 and 2017 each had a single, clear factor that drove up seaborne coking coal prices, this was a key feature that was missing last year, when the market continued to strengthen regardless.

Key talking points in the iron ore market before the annual Singapore Iron Ore Week, which takes place on May 6-10, 2019.

Glencore produced 10,900 tonnes of cobalt in the first quarter of 2019, up 56% from 7,000 tonnes produced during the same period a year ago.