IN CASE YOU MISSED IT: 5 key stories from April 18

Here are five Fastmarkets MB stories you might have missed on Thursday April 18 that are worth another look.

The decision by the European Commission to suspend carbon emissions allowances issued by the UK government under the EU’s Emissions Trading Scheme is expected to remain valid until the UK is able to reach a deal with the EU on the country’s exit from the union, Richard Warren, head of policy at industry body UK Steel, told Fastmarkets on Thursday April 18.

Alcoa’s revenue for the first quarter of 2019 totaled $2.7 billion, down by 19% from the fourth quarter of 2018, due to lower alumina and aluminium prices.

A forecast downtrend in the mid- to long-term London Metal Exchange cash zinc price could bring about a shortage of zinc mining projects, BMO Capital Markets analyst Kash Kamal said in a presentation at Fastmarkets’ International Lead & Zinc conference on Monday April 15.

The Chinese domestic indium price dropped by 4% week on week on April 17 in response to news that the Fanya Metal Exchange will again auction 34.64 tonnes of the indium stock it holds in its warehouse, after the first auction in January failed to attract any bidders.

Copper fund Red Kite has settled its $850-million market manipulation lawsuit with Barclays out of court, the latter said in a statement on April 18.

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Luxembourg-based recycler Befesa’s facility in Mooresboro, North Carolina, is the first in the world to manufacture special high-grade (SHG) zinc solely from recycled zinc
Lower aluminium premiums in Europe risk deterring imports amid falling freight rates, with some market participants now looking at the availability of material for 2023 in light of the various smelter cuts on the continent
Anglo American and Germany-based Aurubis have signed a memorandum of understanding (MoU) to jointly develop a solution that will ensure copper, a key commodity in energy transition, is traceable and sustainably produced, the London-based miner announced on Thursday, November 24
Recent disruptions to Peruvian mines have raised concerns about social tensions reducing the attractiveness of the industry to investors, but market participants told Fastmarkets that they still rate Peru highly as a copper mining hub
Codelco, the world’s biggest copper producer, will halve its refined copper sales to China in 2023, citing major production challenges at its Chuquicamata complex and closure of the Ventanas smelter, both in Chile
Baoshan Iron & Steel (Baosteel) will begin to supply steel made with sharply reduced carbon emissions to Beijing Benz Automotive (BBAC) from next year, the Chinese steel giant said on Tuesday November 22
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