IN CASE YOU MISSED IT: 5 key stories from December 11

Here are five Fastmarkets MB stories you might have missed on Wednesday December 11 that are worth another look.

Japan’s Kanto Tetsugen has secured a higher price at its ferrous scrap auction for December, which is likely to boost sentiment in the Asian market for the steelmaking raw material.

The emergence of a contango in London Metal Exchange aluminium spreads for early next year helped push premiums in the Dutch port of Rotterdam upward in the week ended Tuesday December 10, while rates elsewhere were either unchanged or down amid prevailing weak market conditions.

Chinese copper producer Jiangxi Copper will become the largest shareholder of Canada-listed First Quantum Minerals (FQM) after its $1.12-billion purchase of PIM Cupric Holdings (PCH), which holds around 18.015% of FQM’s issued shares.

A closed arbitrage window between the Shanghai and London exchanges forced nickel premiums in China lower, while a push for market participants to clear stock by year-end in the United States moved premiums lower there as well.

The sharp fall in London Metal Exchange three-month lead price has put upward pressure on the US lead premium. Stock liquidation and weak buying saw the Italian delivered zinc premium decline, while the Shanghai zinc market held firm.

What to read next
The Mexico Metals Outlook 2025 conference explored challenges and opportunities in the steel, aluminum and scrap markets, focusing on tariffs, nearshoring, capacity growth and global trends.
China has launched a coordinated crackdown on the illegal export of strategic minerals under export control, such as antimony, gallium, germanium, tungsten and rare earths, the country’s Ministry of Commerce announced on Friday May 9.
Fastmarkets proposes to amend the frequency of Taiwan base metals prices from biweekly to monthly, and the delivery timing for the tin 99.99% ingot premium from two weeks to four weeks.
The US-China trade truce announced on May 12 has brought cautious optimism to China’s non-ferrous metals markets, signaling a possible shift in global trade. Starting May 14, the removal of additional tariffs has impacted sectors like battery raw materials, minor metals and base metals such as zinc and nickel, with mixed reactions. While the improved sentiment has lifted futures prices and trade activity, the long-term effects remain unclear due to challenges like supply-demand pressures and export controls.
The publication of Fastmarkets’ assessments of Shanghai bonded aluminium, zinc and nickel stocks for April 30 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated. The data effective for April 30 was published on May 7 as a result. The following assessments were affected:Shanghai aluminium bonded stocksShanghai zinc bonded stocksShanghai nickel […]
Global physical copper cathodes premiums were mixed in the week to Tuesday April 15, with US market moving down, Europe rising and Asia holding largely steady.