IN CASE YOU MISSED IT: 5 key stories from August 14

Here are five Fastmarkets MB stories you might have missed on Wednesday August 14 that are worth another look.

A series of press reports relating to the changes in Indonesia’s nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.

China announced a third round of copper scrap import quotas on August 14, allowing a select list of importers to bring an additional 87,680 tonnes of copper scrap into the country by the end of 2019, according to the Bureau of International Recycling.

The suspension of iron ore exports from SL Mining’s operations at Marampa in Sierra Leone left stockpiles of more than 500,000 tonnes of concentrates at the mine in the Port Loko district, according to the company.

Trading volumes on the London Metal Exchange declined by 6% in the first half of 2019, parent company Hong Kong Exchanges & Clearing said in its own half-year results announcement.

The conspicuous absence of Turkish mills from the East Coast ferrous scrap export market has started to take its toll, with Boston docks lowering prices effective from Tuesday August 13 and headwinds in global rebar prices likely to drag scrap prices lower.

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Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
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