IN CASE YOU MISSED IT: 5 key stories from January 17

Here are five Fastmarkets MB stories you might have missed on Friday January 17 that are worth another look.

Import prices of flat-rolled steel in South America made no clear trend for the past week while negotiations between sellers and buyers for March shipments intensified and put some markets under pressure ahead of the Chinese New Year break (January 24-30).

Aluminium billet premiums in Brazil and Japan ticked down on January 17 due to weak demand, while premiums in Europe and the United States were steady on unchanged fundamentals.

Fastmarkets’ copper concentrates treatment and refining charges (TC/RCs) continued to increase this week, with smelters and traders now largely squared for the first quarter.

All battery-grade lithium compound prices were steady week on week on Thursday January 16, with market activity thinning in Asia ahead of the Chinese New Year holidays while renewed demand supported prices in Europe and the United States.

Glencore plans to restructure its Rustenburg ferro-chrome smelter in South Africa due to deteriorating conditions in the ferro-chrome market and high power costs, the trader-miner announced on January 17.

What to read next
Saudi Arabia, through its spearheading of a mining and minerals production and consumption push in the Middle East, a region usually associated with oil and gas, is leading neighboring countries to increase their presence in the base metals markets
Indonesia is preparing to invest more in its aluminium supply chain as part of its wider critical metals strategy, Fastmarkets understands
Market sentiment remain mixed on whether the investigation will impact aluminium prices and production
Aluminium premiums in all key regions remained well-supported in the week to Tuesday June 18, amid ongoing reports of tight availability, while market participants in Europe and Asia are focusing on ongoing negotiations for Japanese third-quarter supplies
The Kingdom of Saudi Arabia’s (KSA) ambitious plan to diversify away from oil and into metals will increase local nickel consumption and fund international mining projects, given recent massive investments in nickel-intense industries
Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.