IN CASE YOU MISSED IT: 5 key stories from January 25

Here are five Fastmarkets MB stories you might have missed on Friday January 25 that are worth another look.

London Metal Exchange tin inventories, which reached the lowest level in 30 years earlier this past week, received the largest inflow since November 2014. The delivery goes some way to assuaging growing concerns of tightness in the refined tin market, which saw prices hit a seven-month high of $21,070 per tonne on Thursday – up by 8.3% since the start of the year.

First Quantum Minerals has suspended production at its Cobre Las Cruces copper mining and hydrometallurgical complex in Spain following a land slippage at its open-pit mine on Wednesday January 23.

rupture in a tailings dam at Vale’s Feijão iron ore mine in the city of Brumadinho, in in southeast Brazil’s Minas Gerais state, has flooded the company’s administrative facilities and part of the nearby Vila Ferteco community.

Fresh restrictions on production planned for China’s steelmaking hub of Tangshan in the northern region do not appear to have had any effect on steel prices, market sources told Fastmarkets MB.

There has been increasing emphasis on spodumene pricing due to the growing importance of this concentrate as a major source of feedstock for conversion in lithium compounds and the potential knock-on effect in the downstream electric vehicle and battery sectors.

What to read next
Read more from senior analyst Andy Farida on how the price action in LME nickel has played out in the first half of 2024
Tight aluminium scrap availability, the increase in container costs, sluggish demand in the US and the US market’s current indifference to rising premiums in Europe and Asia were the top subjects discussed during the Harbor Aluminum Summit that took place in Chicago on June 4-6
Germany-based copper recycling and non-ferrous metal provider Aurubis has started commissioning their secondary smelter in Augusta, Georgia, and could eventually introduce black mass recycling to the facility
Base metals on the London Metal Exchange were mixed in morning trading on Monday June 10, with three-month prices lacking direction amid thin traded volumes due a public holiday in China, the largest market for base metals
Copper concentrate treatment and refining charges have repeatedly fallen to record-low levels over the first five months of 2024
The publication of Fastmarkets’ assessments for the nickel briquette premium, delivered Midwest US and the nickel 4x4 cathode premium, delivered Midwest US for June 4 were delayed because of incorrect methodology application.