IN CASE YOU MISSED IT: 5 key stories from April 20

Here are five Fastmarkets stories you might have missed on Monday April 20 that are worth another look.

Last month, analysts started warning that oil prices could fall below zero. On Monday, they did.

Iron ore fines output at Brazil-based miner Vale fell by 18.2% year on year in the first quarter of 2020, while the company has cut its guidance of iron ore and pellet production for 2020, the company said on Friday April 17.

Swiss private equity firm Parter Capital Group AG has sold its majority stake in the Aviles and La Coruña aluminium smelters, known as Alu Iberica, in Spain to Grupo Industrial Riesgo.

Chinese domestic portside manganese ore prices of both high and low grades registered significant increases in the latest assessments on April 17, after the country’s ore traders raised offer prices notably in response to a 14-day extension of the lockdown in South Africa.

The Chinese magnesium market was supported by output cuts and the suspension of operations at small plants in the week ended April 17, but muted demand has limited supply-driven price increases in the international market.

What to read next
Glencore’s Gary Nagle might have spoken too soon when he said that his company wouldn’t be hit by a nickel fraud similar to that seen by its rival, Trafigura
Fastmarkets proposes to amend its steel cut-to-length plate carbon grade, fob mill US assessment to exclude material below 0.375 inches of thickness, which is sold with an added cost by several major mills.
The European Union’s much-anticipated Critical Raw Materials Act, announced on Thursday March 16 by European Commission president Ursula von der Leyen, has set out new lists of the raw materials now formally designated as strategic and critical
The London Metal Exchange is facing lawsuits seeking damages collectively worth more than half a billion dollars for losses that investors allege they suffered as a result of nickel trades being canceled by the exchange last year
The publication of a number of Fastmarkets’ price assessments was delayed on Thursday March 16 for technical reasons.
Continued tightness of class one supply within Europe and increased buying interest amid falling London Metal Exchange nickel prices and fresh liquidity have prompted an increase in premiums within Europe, while US and Chinese premiums remain steady for now
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