Get started

IN CASE YOU MISSED IT: 5 key stories from December 2

Here are five Fastmarkets MB stories you might have missed on Monday December 2 that are worth another look.

December 3, 2019
By Generic people page
Base metals Copper

United States President Donald Trump has imposed new tariffs on steel and aluminium imports from Brazil and Argentina, he said on social media platform Twitter on December 2.

A major Japanese steel mill plans to raise its hot-rolled coil offers to Asian buyers by $50 per tonne on a cfr basis for January-shipment materials.

Spot copper concentrate treatment and refining charges (TC/RCs) increased at the end of November, with the market busy discussing annual contracts and deals.

Chinese vanadium pentoxide (V2O5) prices have resumed their decline as sentiment deteriorated on falling downstream vanadium nitrogen tender prices from major steel mills, while in Europe the price range widened upwards on increased spot activity.

Belgian battery-materials manufacturer Umicore has completed its purchase of cobalt refining and cathode precursor activities in Kokkola, Finland from Freeport Cobalt for $203 million.

What to read next
Fastmarkets amends publication times, holiday pricing schedule for Asian base metals assessments: pricing notice
The amendment follows the decision made on May 14, after a consultation period for the proposed changes which took place between April 3 and May 11. The changes were first proposed in a pricing note published on April 3.  The purpose of the changes is to align the publication times to the activity in the […]
May 21, 2026
 · 
By Fastmarkets pricing team
Proposal to amend frequency of cif Japan and Korea nickel sulfate assessments: pricing notice
The proposal follows Fastmarkets’ observations that the commodity sees inactive spot liquidity and low volatility in prices. The proposed new specifications for the prices are as follows, with the amendments in italics: MB-NI-0246 Nickel sulfate, cif Japan and Korea, $/tonneQuality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% […]
May 20, 2026
 · 
By Sybil Pan
Proposal to amend minimum tonnage specification for aluminium P1020A (MJP) spot Premium, cif Japan: pricing notice
Based on preliminary market feedback, market participants noted that smaller-sized spot market transactions may be skewed and not reflective of the wider market. The aluminium P1020A(MJP), cif Japan, assessment specification which has a minimum tonnage of 100 tonnes will be amended to 500 tonnes after the proposed change. The proposed new specifications are as follows, […]
May 18, 2026
 · 
By Fastmarkets pricing team
Fastmarkets decides to amend publication times, holiday pricing schedule for Asian base metals assessments: pricing notice
Fastmarkets consulted the market on the proposed change between April 3 and May 11, 2026. Some feedback was received regarding the publication times of nickel pig iron and laterite ore prices. Fastmarkets will adjust the initially proposed publication times accordingly and proceed with the changes. This decision was first proposed in a methodology note published […]
May 14, 2026
 · 
By Fastmarkets pricing team
Incorrect publication of Shanghai copper premiums
The price assessments were not affected by the incorrect publication and the correct prices are showing on Dashboard. The price was published at 12.33pm London time instead of the scheduled time of 3-4pm. The following prices were published early:MB-CU-0405 Copper grade A cathode premium, in-whs Shanghai, $ per tonneMB-CU-0383 Copper grade A cathode ER premium, bonded in-whs […]
May 12, 2026
 · 
By Fastmarkets pricing team
Flag
Europe’s reliance on copper, aluminium imports exposed as security concerns overtake energy transition
On Wednesday May 6, a critical minerals panel at Commodities Trading Week in London said metals markets are shifting from an energy transition-led narrative toward security of supply, leaving Europe particularly exposed because of its reliance on imports.
May 12, 2026
 · 
By Madeline Morgan