IN CASE YOU MISSED IT: 5 key stories from April 1

Here are five Fastmarkets stories you might have missed on Wednesday April 1 that are worth another look.

Spain’s Ministry of Industry, Trade & Tourism has finally confirmed the steel industry is considered “essential” and can continue operating, albeit at a slower pace, the Spanish steel distributors association, UAHE, said on April 1.

Arconic Inc has completed its separation into two standalone companies, with one focused on aerospace and transportation, and the other on aluminium sheet, extruded and architectural products.

Trading interest for bonded copper returned in March – especially in the latter half – capping the rise in copper inventories in Shanghai-bonded warehouses in the month to March 31, while nickel registered a stock decline on intermittent arbitrage opportunities.

Fastmarkets reviews the latest developments in South African ores and alloys supply following the lockdown order from President Cyril Ramaphosa on Monday March 23 amid the spread of Covid-19.

China will extend the new energy vehicle (NEV) purchase subsidy and purchase tax exemption policy for two years in an effort to support consumption and mitigate the impact of the Covid-19 pandemic on the economy.

What to read next
The Kingdom of Saudi Arabia’s (KSA) ambitious plan to diversify away from oil and into metals will increase local nickel consumption and fund international mining projects, given recent massive investments in nickel-intense industries
Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.
Read more from senior analyst Andy Farida on how the price action in LME nickel has played out in the first half of 2024
Tight aluminium scrap availability, the increase in container costs, sluggish demand in the US and the US market’s current indifference to rising premiums in Europe and Asia were the top subjects discussed during the Harbor Aluminum Summit that took place in Chicago on June 4-6
Germany-based copper recycling and non-ferrous metal provider Aurubis has started commissioning their secondary smelter in Augusta, Georgia, and could eventually introduce black mass recycling to the facility
Base metals on the London Metal Exchange were mixed in morning trading on Monday June 10, with three-month prices lacking direction amid thin traded volumes due a public holiday in China, the largest market for base metals