IN CASE YOU MISSED IT: 5 key stories from April 15

Here are five Fastmarkets MB stories you might have missed on Monday April 15 that are worth another look.

Rusal intends to start an aluminium rolling mill in Kentucky, a key region for US aluminium production, with US holding company Braidy Industries Inc, the Russian aluminium producer said. 

Rio Tinto has committed $302 million of additional capital to advance its Resolution Copper project in the US state of Arizona, a mine that the company envisages will provide raw materials to help fuel the electromobility boom.

One concern at this year’s Minor Metals Trade Association (MMTA) conference overshadowed all other bearish factors affecting minor metals prices this year: the potential release of metal stocks held by the failed Fanya Metal Exchange.

The molybdenum market is set to remain volatile in 2019, Shaanxi Head-Moly sales director Jessica Young said during the annual MMTA conference in Edinburgh, Scotland, last week.

Producer stocks of cobalt sulfate, chloride and tetroxide need to record further drawdowns if cobalt prices are to recover meaningfully, Core Consultants managing director Lara Smith said.

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The most recent financial results published by base metals mining companies highlight just how inflation is affecting profit margins, with increasing wages, financing costs and input prices all hitting profits, sources told Fastmarkets in the week to Thursday March 28
Century Aluminum is among those selected to start award negotiations for up to $500 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding to build a new aluminium smelter, the company said on Monday March 25
Participants in the copper concentrates market are struggling to comprehend an “unstoppable” decline in treatment and refinement charges (TC/RCs), with every week bringing spot deals at fresh lows and rumors each “crazier” than the last, sources have told Fastmarkets
The US Department of Energy selected five base metals projects to receive more than $900 million in federal investment from its Industrial Demonstration Program (IDP), leading to a reduction of four million tonnes of carbon dioxide emissions annually, according to a statement by the Department on Monday March 25
Aluminium producer and recycler Constellium announced on Tuesday March 12 that the company is moving to test hydrogen utilization at an industrial scale as a power source in its casthouses
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday March 18.