IN CASE YOU MISSED IT: 5 key stories from February 3

Here are five Fastmarkets MB stories you might have missed on Monday February 3 that are worth another look.

The sell-off of Chinese steel futures this morning is a sign that “worse is to come” for global steel prices, market sources told Fastmarkets on February 3.

Canadian copper producer Taseko has decided to take action to protect itself against the tumbling London Metal Exchange copper price.

The UG2 chrome ore and ferro-chrome alloy markets in China were stable over the week ending on Friday January 31, although some market participants think travel restrictions could push up prices when buyers return from the Chinese New Year holiday.

The seaborne prices for both high and low-grade manganese ore in China ticked down in the week to January 31 in response to weakening sentiment amid the worsening coronavirus outbreak.

Cobalt prices held on to their recent gains on February 3, finding support because of the limited supplies of readily available material.

What to read next
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Glencore’s share price fell sharply on Thursday February 5 after Rio Tinto confirmed it was no longer pursuing a potential merger, ending weeks of speculation about a combination that would have created one of the world’s largest mining companies.
The proposal to increase the publication frequency from monthly to weekly comes amid increased volatility of copper on the London Metal Exchange, while copper scrap discounts have been shifting on a more regular basis. This more frequent assessment will enable Fastmarkets to reflect market dynamics in a timelier manner, as well as capture more spot […]
Fastmarkets has corrected its assessments for Shanghai bonded nickel stocks on January 30.
Fastmarkets has corrected the rationale for its MB-AL-0346 Aluminium P1020A premium, in-whs dup Rotterdam, $/tonne that was published incorrectly on Thursday January 29.
Fastmarkets has corrected the rationale for its MB-AL-0299 aluminium 6063 extrusion billet premium, ddp Spain that was published incorrectly on Friday January 23.