IN CASE YOU MISSED IT: 5 key stories from February 6

Here are five Fastmarkets MB stories you might have missed on Wednesday February 6 that are worth another look.

Brazilian miner Vale has declared force majeure on a number of iron ore and pellet contracts with customers following the halt of its Brucutu mine in the state of Minas Gerais, the company said on Tuesday February 5.

Ghana Manganese has been ordered to cease operations by Ghana’s minister of lands and natural resources due to inconclusive data.

Aurubis AG is searching for strategic alternatives for its flat-rolled product business after the proposed sale of the division to peer Wieland Werke was rejected by the European Commission, the German copper producer said on February 6.

Russian steelmaker Severstal plans to start construction of new blast furnace in 2019, using additional volumes of pig iron for its own needs, chief financial officer Alexey Kulichenko said in a conference call on February 5.

International mining companies that oppose the new mining code in the Democratic Republic of the Congo are a lot closer to resolving their outstanding issues than they were a year-ago, but work remains to be done, the chief executive officer of Canadian miner Barrick said.

What to read next
The Inflation Reduction Act in the United States may ironically cause global metal market prices to rise for some metals used in electric vehicles (EVs), Fastmarkets sources said
An alarming drop in water levels in Germany’s Rhine River and other key waterways in Europe has led to massively strained logistics in shipping commodities across Europe, driving up costs and exacerbating material supply, sources told Fastmarkets
Fastmarkets is proposing a realignment of its dealer selling price for ferrous scrap machine shop turnings in Houston, effective from the September 2022 monthly settlement.
Participants in the US steel market were divided on the impact of a price increase from Nucor’s sheet mill group this week, with some suggesting hot-rolled coil prices could fall further while others were optimistic that announcement could halt - or even reverse — the recent downtrend
Chromite prices rose further in the two weeks to Tuesday May 31 on support from cost pressures and logistical issues in South Africa
UG2/MG chrome ore prices experienced major declines in the week to Tuesday July 12, dropping by $15 per tonne week on week, as the market saw the beginnings of a break in the continuing stalemate of recent weeks
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