Become a customer

IN CASE YOU MISSED IT: 5 key stories from January 15

Here are five Fastmarkets MB stories you might have missed on Wednesday January 15 that are worth another look.

January 16, 2020
By Generic people page
Base metals Copper

The Chinese steelmaking industry will focus on six key areas in 2020 to maintain its structured and orderly development, China Iron & Steel Association (Cisa) chairman Gao Xiangming said in a speech at a conference last weekend.

Lower Chinese production is set to fuel supply deficits in Asian aluminium markets in 2020, according to UC Rusal marketing head Roman Andryushin.

The persistent decline seen in the cif Shanghai copper premium came to a halt this past week after participants refused to sell any lower following earlier sell-offs, while others are gradually taking leave of the market ahead of the Chinese New Year holidays, limiting trading activity.

Equity investors have turned more bullish on lithium miners and processors in 2020 so far, helped by a shift in Chinese electric vehicle (EV) policy.

Jingxi Tiangui Aluminium’s 800,000-tonne-per-year phase-one alumina project in southern China’s Guangxi autonomous region started production in early January, market sources told Fastmarkets.

What to read next
Global spot copper markets mixed; China ticks up, US tight, Europe quiet
Asian spot copper premiums rose in the week ended Tuesday July 23, with premiums imported into China increasing on improved arbitrage terms. In the US market, supply failed to keep up with strong demand while in Europe participants were mostly off for the summer holidays
July 25, 2024
 · 
By Albert MacKenzie
Adult, Female, Person
Freeport-McMoRan’s Kathleen Quirk says copper scarcity means companies are buying rather than building new supply
In the fourth episode of Fastmarkets critical minerals podcast Fast Forward, Freeport-McMoRan CEO and president Kathleen Quirk tells host Andrea Hotter why there's a preference to build and not build new supplies of copper right now
July 25, 2024
Steel, Aluminium, Blade
Demand for aluminium in green transition supporting otherwise challenging downstream markets: Norsk Hydro CEO
Demand for primary aluminium from the green transition remains a “brighter spot” for consumption amid an otherwise challenging downstream demand outlook, Eivind Kallevik, Norsk Hydro’s chief executive officer and president, told Fastmarkets in an exclusive interview on Tuesday July 23
July 24, 2024
 · 
By Imogen Dudman
ACG’s Gediktepe deal first step in creating mid-tier copper producer | Hotter Commodities
Acquisition Company Limited (ACG) has agreed to buy the Gediktepe mine in Turkey — the company’s first deal as it works to build a sizeable mid-tier copper producer, its chairman and chief executive officer told Fastmarkets.
July 24, 2024
 · 
By Andrea Hotter
Metalworking, Person, Machine
Speculative interests in copper driving base metals narratives, says Sucden Financial
Copper market price speculation is driving the base metals narrative, head of research at UK-based services provider Sucden Financial Daria Efanova said during the company’s third-quarter metals webinar on Wednesday July 17.
July 23, 2024
 · 
By Natasha Porter
CMOC cobalt production soars by 178% in H1 2024, straining an already oversupplied market
Chinese mining giant CMOC reported a 178% year-on-year increase in cobalt metal production for the first six months of 2024, according to an announcement by the company on Friday July 12
July 18, 2024
 · 
By Alexander Cook