IN CASE YOU MISSED IT: 5 key stories from April 2

Here are five Fastmarkets stories you might have missed on Thursday April 2 that are worth another look.

Tata Steel has reduced output at its steel production sites in India and Europe due to decreased demand, and to obey the temporary regulations imposed to tackle the spread of the Covid-19 pandemic, the company said on Wednesday April 1.

Norsk Hydro has decided to postpone adding 95,000 tonnes per year to capacity at the Husnes aluminium plant in Norway in light of the rapidly deteriorating market conditions caused by the Covid-19 pandemic.

Rio Tinto has declared force majeure on shipments of copper cathode from its Kennecott copper mine in the US state of Utah following a 5.7-magnitude earthquake near the site last month.

Concerns that a tailings dam leak at a Chinese molybdenum mine could affect supplies pushed prices up in the first half of the week, but the uptrend is only expected to be short-lived, sources told Fastmarkets.

Minor metals and ores and alloys producers that rely on shipping routes out of South Africa are warning that practical barriers to producing and transporting material outweigh any technical green light to export, amid conflicting instructions from the country’s authorities.

What to read next
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?
Fundamental supply tightness was part of the reason behind this week's LME three-month copper contract all-time high, but the rate of change was also down to an influx of financial investors and the interconnected squeeze on short positions on COMEX, sources told Fastmarkets