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China launched a consultation paper on Friday August 9 to implement a stricter arsenic threshold on copper concentrates imports, a move that could lead to drastic changes in global trade flow of high-impurity concentrates and a further premium on treatment charges of clean concentrates.
Weak demand and bearish macroeconomic factors continued to pressure primary aluminium foundry alloy premiums lower in Europe and the United States on Friday August 9.
Treatment and refining charges for spot copper concentrates trended lower still early in August, with traders placing sharp bids on tendered cargoes and smelters amid continued port disruptions in Peru.
The Chinese domestic alumina price hit a fresh low on Thursday August 8 after falling for 13 consecutive weeks as a result of weaker domestic demand and an oversupplied market.
After more than a year of facing tariffs on steel imports under Section 232, downstream manufacturers in the United States have begun idling capacity and laying off workers while they tackle higher production costs and reduced market share.