IN CASE YOU MISSED IT: 5 key stories from July 10

Here are five Fastmarkets stories you might have missed on Friday July 10 that are worth another look.

The United Steelworkers union in Canada has warned that certain steel products from the nation, along with aluminium, could again be hit with Section 232 tariffs by President Donald Trump’s administration.

Aluminium has an opportunity to play a key role in the government-led rebuilding of economies following the Covid-19 pandemic, including in the drive to a low-carbon economy as well as developments in infrastructure, transportation and construction, the secretary general of the International Aluminium Institute (IAI) said.

Some US, French and German shipping lines have stopped handling shipments of non-ferrous scrap material to China, citing concerns over the delayed launch of a policy in the East Asian country to trade scrap as renewable materials.

Production at Glencore’s Katanga copper and cobalt mine in the Democratic Republic of the Congo (DRC) has been uninterrupted by the confirmation of six Covid-19 cases at the operation.

The government of Finland decided on Thursday July 9 to invest €150 million ($170 million) into the equity of state-owned mining investment firm Finnish Minerals Group.

What to read next
The Mexican aluminium market might be strongly affected by the closure of the Strait of Hormuz, with supply constraints and consequently higher premiums, market participants told Fastmarkets on Tuesday March 10.
Lundin Mining and BHP published a preliminary economic assessment on February 16 for their Vicuña joint venture, projecting average annual copper production of 395,000 tonnes over the first 25 years of operation as Argentina’s copper concentrate pipeline continues to build. PSJ Cobre Mendocino separately confirmed on February 14 that its feasibility study was under way.
Chinese lead smelters turned more bearish on the procurement of raw materials in the week to Friday February 13, amid heightened price volatility in silver, which is often contained in lead ores as an important by-product and contributor to smelter profits, sources told Fastmarkets.
Roughly 40,000 tonnes per month of copper cathode that once flowed smoothly into the United Arab Emirates (UAE) through Jebel Ali had few options to reroute after the Strait of Hormuz officially closed on Monday March 2, with the only alternative entry points — Khor Fakkan and Fujairah — already straining under the weight of diverted cargo, market sources told Fastmarkets.
Navigating market volatility with data-driven strategies for resilient mining operations
The publication of several of Fastmarkets' copper concentrates indices was delayed on Friday February 27 because of a technical error. Fastmarkets' pricing database has been updated.