IN CASE YOU MISSED IT: 5 key stories from February 20

Here are five Fastmarkets stories you might have missed on Thursday February 20 that are worth another look.

US-based metallurgical coal producer Warrior Met Coal has announced plans to develop a hard coking coal project in Alabama with a capacity of 3.9-million-tonnes per year, through an investment of around $550-600 million over the next five years.

Alcoa Corp has been certified by the Aluminium Stewardship Initiative (ASI) to market products under ASI’s chain of custody standard.

Copper output by global miner Anglo American was down slightly in 2019, which the company attributed to the year being one of the driest on record in Chile, it said on February 20.

China’s stainless steel market saw some activity over the past week following several weeks of stagnation as a result of the novel coronavirus (2019-nCoV) outbreak in the country.

HBIS Group’s Chenggang will conduct maintenance on one of its four blast furnaces (BFs) from February 20, which will reduce around 300 tonnes per month of vanadium pentoxide (V2O5) output, market sources told Fastmarkets.

What to read next
Saudi Arabia, through its spearheading of a mining and minerals production and consumption push in the Middle East, a region usually associated with oil and gas, is leading neighboring countries to increase their presence in the base metals markets
Indonesia is preparing to invest more in its aluminium supply chain as part of its wider critical metals strategy, Fastmarkets understands
Market sentiment remain mixed on whether the investigation will impact aluminium prices and production
Aluminium premiums in all key regions remained well-supported in the week to Tuesday June 18, amid ongoing reports of tight availability, while market participants in Europe and Asia are focusing on ongoing negotiations for Japanese third-quarter supplies
The Kingdom of Saudi Arabia’s (KSA) ambitious plan to diversify away from oil and into metals will increase local nickel consumption and fund international mining projects, given recent massive investments in nickel-intense industries
Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.