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.

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The three-month copper price on the London Metal Exchange has slumped significantly since hitting an all-time high of $11,104.50 per tonne on Monday May 20
Copper fabricators in China and the wider Southeast Asian region continue to feel the pain of high copper prices on futures exchanges and a lack of new orderbooks, with some having already asked for a postponing of shipments of long-term copper cathodes, sources told Fastmarkets in the week to Wednesday, May 15.
Could the copper market bullish marathon be taking a mini break? Fastmarkets senior analyst Andy Farida looks at London Metal Exchange copper price movements.
Global copper futures prices are in a frenzy, with record highs being logged on the New York-based Commodity Exchange (Comex), London Metal Exchange and Shanghai Futures Exchange (SHFE) in recent days
Copper prices have pushed up on global metal exchanges in recent weeks and the London Metal Exchange three-month copper price hit an all-time high on Monday May 20, but what are the key reasons behind the record-breaking surge in prices?