IN CASE YOU MISSED IT: 5 key stories from August 16

Here are five Fastmarkets MB stories you might have missed on Friday August 16 that are worth another look.

An oversupply that has been branded the leading cause of the persistent price weakness seen in China’s vanadium market during the first half of 2019 will likely continue to act as a headwind for the rest of the year, market sources told Fastmarkets.

Chinese domestic battery-grade lithium compound prices held in low ground in the week to Thursday August 15, but the pace of decline has slowed after some downstream demand returned.

Market participants in Asia expect PT Indonesia Tsingshan Stainless Steel to be the most significantly affected should the European Union decide to impose anti-dumping duties on imports of stainless hot-rolled coil and sheet from the region.

Progress at Mauritius-based Alphamin Resources’ Bisie tin mine in the Democratic Republic of Congo has led the company to alter its leadership structure, with the project now a step closer to full production after the conclusion of its commissioning phase.

Brazilian miner Vale has decided to temporarily halt part of the operations of subsidiary Ferrous Resources due to the absence of licensing documents. This will reduce its output of iron ore by around 330,000 tonnes per month, the company said late on August 15.

What to read next
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
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.