IN CASE YOU MISSED IT: 5 key stories from February 27

Here are five Fastmarkets MB stories you might have missed on Wednesday February 27 that are worth another look.

Following reports of a potential power shortage in one of China’s major ferro-alloy production hubs in the second quarter of this year, market participants have downplayed any immediate impact on ferro-alloy prices in the country, saying they intend to adopt a wait-and-see stance in the run-up to April.

Significant copper concentrate stocks from the Democratic Republic of Congo are now sitting in bonded warehouses in Zambia, awaiting an unlikely roll-back of the import duty enforced by the Zambian government, Fastmarkets has learned. 

The London Metal Exchange has received its first application ahead of its introduction of the Registered Intermediating Brokers membership category, according to a note to members on Wednesday February 27.

Fastmarkets looks at key Asian ferrous scrap-consuming countries Vietnam, Taiwan and South Korea, and which exporters increased their shipments to these destinations in 2018.

State-owned long steel producer Emirates Steel is expecting a slowdown in the Middle East construction sector that will persist throughout 2019, chief executive officer Saeed Al-Remeithi said on Tuesday.

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Participants in the market for copper scrap and blister in China, the world’s largest importer of copper raw materials, expect there to be fiercer competition for material in 2025, industry sources told Fastmarkets in the week to Thursday January 9.
Africa’s first transcontinental rail network, known as the Lobito Corridor, which aims to eventually connect almost the entire regional copper-cobalt belt with additional links across sub-Saharan Africa, is on track to break ground early in 2026, a senior official at the US Department of State told Fastmarkets.
The availability of relatively untapped resources, a huge influx of Chinese investment and a rapid licensing system have helped the Democratic Republic of Congo (DRC) to become one of the world’s three key producers of copper.
The European steel and aluminium scrap industries urged the European Commission on Wednesday January 15 against taking action to curb scrap exports after domestic industry metals producers backed measures to do just that.
Renewed US-China trade tensions with Donald Trump’s second presidential term could bolster Southeast Asia’s aluminium scrap industry in 2025, particularly amid still-growing Chinese demand, sources told Fastmarkets by Tuesday, January 14.
European steel and aluminium producers have urged the European Commission to take immediate and effective action to tackle "scrap leakage" so that the European Union can meet its sustainable development aims and secure industrial competitiveness.