IN CASE YOU MISSED IT: 5 key stories from January 16

Here are five Fastmarkets MB stories you might have missed on Thursday January 16 that are worth another look.

Trading activity in the Iranian export market for steel billet and slab slowed down in the week ended Wednesday January 15, with the United States tightening its sanctions against a number of the Middle Eastern country’s major steelmakers amid increased tension between the two nations.

Fresh off the delivery of its first commercial batch from the Alcoa-Rio Tinto joint-venture Elysis to Apple last month, Alcoa expects the market will soon create a separate premium for less-carbon intensive aluminium, but the producer believes the market is not ready just yet.

Copper production at the Deziwa copper-cobalt project in the Democratic Republic of the Congo (DRC) has officially come online in January 2020, following successful trial operations in December 2019, sources told Fastmarkets this week.

A preliminary trade agreement between the United States and China has done little to change the outlook for industrial minerals and minor metals, with no sign of a reversal for tariffs on Chinese material and no firm commitments on Chinese purchases.

South32 reduced high-cost trucking of manganese ore at its South African operations in the three months to December 31, 2019, in response to lower manganese ore prices, the miner announced on January 16.

What to read next
Fastmarkets proposes to extend the shipment window of its alumina index inferred, fob Brazil, to allow for greater inclusion of reported liquidity, and to increase the frequency of publication to weekly.
Following a month-long consultation period, Fastmarkets has amended the methodology for the bi-weekly assessment of the aluminium P1020A main Japanese ports (MJP) spot premium, to include domestic tenders and deals from the Japanese market.
Fastmarkets proposes to discontinue its ferrous scrap consumer buying price for cast iron borings in Pittsburgh due to a lack of liquidity.
Fastmarkets is proposing a realignment of its consumer buying price for ferrous scrap No1 busheling in Cincinnati and Pittsburgh, effective from the May 2023 monthly settlement.
A drive by electric vehicle (EV) manufacturers to improve the affordability of their cars may upend an expectation by some market observers that future EV dominance of automotive production will sharply reduce demand for special bar quality (SBQ) steel
The publication of Fastmarkets’ US rebar prices took place earlier than scheduled on Wednesday March 22 due to a reviewer error.
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