Become a customer

IN CASE YOU MISSED IT: 5 key stories from April 22

Here are five Fastmarkets MB stories you might have missed on Monday April 22 that are worth another look.

April 23, 2019
By Generic people page
Base metals Copper

The US copper market began trading in the red on Monday April 22, with market participants bearish despite a softer dollar and growing optimism of a breakthrough in American and Chinese trade talks.

Brazilian steelmaker and miner Usiminas maintained its production target of 7.5-8 million tonnes of iron ore in 2019 despite uncertainties that surround the start of operations at two plants needed to reach that volume, head of mining unit Carlos Rezzonico said on Friday.

China has reached peak annual steel consumption of 850-900 million tonnes, the China Iron and Steel Association said.

Global diversified mining and metals company South32 raised its 2019 production guidance for manganese ore to 5,630,000 wet metric tonnes, up by 89,000 tonnes from 5,541,000 tonnes in the 2018 financial year in response to favorable demand in the market.

The price of antimony in China stalled in the latest assessment period ended on April 17, with the country’s suppliers holding offers relatively firm as consumer enthusiasm in restocking waned.

What to read next
Mining, Outdoors, Road
Base metals market insights from LME Week
Market participants shared insight into the market dynamics for copper, nickel, zinc, lead and tin during LME Week, which ran September 30-October 4
October 9, 2024
 · 
By Natasha Porter
Architecture, Building, Power Plant
Western reindustrialization could ‘unlock’ green demand: LME Week
The Western world’s industrial strength is beginning to drop, but Jakob Stausholm, chief executive officer of Rio Tinto, said at a London Metal Exchange seminar that there was “plenty of demand to be unlocked from reindustrialization.”
October 9, 2024
 · 
By Laura Roberts
Zinc nugget
Zinc demand expected to grow this decade despite soft demand, supply challenges, IZA director says: LME Week
Demand for zinc was expected to grow by 2030, despite the challenges facing both the supply and demand sides, Andrew Green, executive director of the International Zinc Association, said in an exclusive interview with Fastmarkets during LME Week in London
October 9, 2024
 · 
By Natasha Porter
Open consultation on IOSCO-audited non-ferrous price assessments, indices
Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.
October 8, 2024
 · 
By James McKeigue
Open consultation on Fastmarkets’ non-ferrous materials, industrial minerals methodologies
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials and industrial minerals, as part of its announced annual methodology review process.
October 8, 2024
 · 
By Janie Davies
Freeport shifts away from marketing copper concentrates as new smelter ramps up, CEO says: LME Week
Freeport-McMoRan is in the process of ramping up its new copper smelter in Gresik, Indonesia, in a move that has seen the company switch away from being a marketer of concentrates as it becomes a fully integrated producer in the country, the company's chief executive officer Kathleen Quirk told Fastmarkets in an interview during the London Metal Exchange (LME) Week 2024.
October 4, 2024
 · 
By Andrea Hotter