IN CASE YOU MISSED IT: 5 key stories from January 29

Here are five Fastmarkets MB stories you might have missed on Wednesday January 29 that are worth another look.

Sentiment in the seaborne iron ore and Asian steel markets has deteriorated amid a rapid spread of the 2019-nCoV – or Wuhan novel coronavirus – in China, which appears to have intensified in the last week.

Primary aluminium stocks at the main Japanese port of Nagoya declined by 8% month on month at the end of December 2019, according to data released by major Japanese trading house Marubeni Corp.

Copper premiums in Europe were stable in the week ended Tuesday January 28 after a drop in the three-month copper price on the London Metal Exchange failed to stimulate demand for the metal.

The low price of lithium and cost overruns on junior projects have made investors cautious about the sector, creating doubt about whether lithium juniors will be able to access capital and ensure a supply of lithium in the years ahead.

The Rotterdam uncut nickel cathode and US nickel briquette premiums rose in the week to January 28 on firmer demand for the former and weaker supply for the latter, while premiums in China held firm with participants out of the market for the extended Lunar New Year break.

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.