IN CASE YOU MISSED IT: 5 key stories from August 19

Here are five Fastmarkets MB stories you might have missed on Monday August 19 that are worth another look.

Xinjiang Xinfa Aluminium, a subsidiary of Xinfa Group, was heard to have closed 500,000 tonnes of aluminium production operational lines at its plant in Xinjiang province, China due to an incident at its electrical transformer on August 18, sources told Fastmarkets on August 19.

Ferro-vanadium prices in China retreated over the week ended Friday August 16 amid limited buying interest, while the price of vanadium pentoxide in Europe fell back from recent gains, following the trend in China.

Guangxi Nanguo, which recently had to suspend its newly constructed 300,000-tonne-per-year copper smelter due to a lack of funds, has entered into procurement financing agreements with state-owned conglomerate Minmetals, sources with direct knowledge told Fastmarkets.

The United States has restated its opposition to an EU proposal to classify titanium dioxide and cobalt as possible carcinogens, asking the European Commission (EC) to consult with the World Trade Organization (WTO) before taking further action.

A spike in short-selling activity among traders turned the Vietnamese hot-rolled coil import market chaotic in the past week.

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Fastmarkets proposes to lower the frequency of its assessments for MB-AL-0389 aluminium low-carbon differential P1020A, US Midwest and MB-AL-0390 aluminium low-carbon differential value-added product US Midwest. Fastmarkets also proposes to extend the timing window of these same assessments to include any transaction data concluded within up to 18 months.
Fastmarkets invited feedback from the industry on its non-ferrous and industrial minerals methodologies, via an open consultation process between October 8 and November 6, 2024. This consultation was done as part of our published annual methodology review process.