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

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

Bosnian aluminium smelter Aluminij Mostar has shut down after years of financial struggle.

Copper-zinc miner Hudbay has appointed former Nevsun chief executive officer Peter Kukielski to take over as its interim CEO after longstanding executive Alan Hair stepped down from the post.

In a rare move, Japan has started selling steel billet to Southeast Asia due to tumbling scrap prices in the country’s domestic market.

In China, the country’s central government has toned down its ambitious plan to ban all solid waste imports, including metal scrap, by the end of 2020 in its recently proposed revisions to the regulation on solid waste management. Additionally, China will allow another 5,550 tonnes of ferrous scrap to be imported in the second half of this year, according to a notice seen by Fastmarkets on Wednesday July 10, and announced a second round of copper scrap import quotas that will allow a select list of companies to import an additional 124,500 tonnes of red metal scrap during the same period.

Russia has initiated a dispute at the World Trade Organization against the United States’ anti-dumping duties on Russian hot-rolled coil products, according to notice from the WTO’s website dated July 9.

What to read next
The proposal would align the index more closely with physically traded volumes in the region, and enable it to adjust to evolving market conditions. This proposal follows an observed widening of the spread between trader and smelter purchase components of the index and is aligned with a majority of market feedback. Additionally, Fastmarkets seeks feedback […]
Until now, aluminium has been hard to move, not hard to find. Global aluminium supply had remained technically intact, even as output was curtailed in parts of the Gulf, inventory buffers were drawn down or repositioned, and shipping through the Strait of Hormuz was severely disrupted.
Global aluminium producers face heightened uncertainty over power supplies, with oil and gas prices elevated by the closure of the Strait of Hormuz, through which around 20% of global oil and liquefied natural gas (LNG) flows, sources told Fastmarkets.
Fastmarkets is extending the consultation period for the methodology of several of its black mass payables indicators and prices, and is also proposing changes to the names of CIF South Korea and EWX Europe black mass prices.
Rio Tinto Aluminium is expanding its footprint beyond its historic hydro-powered Canadian base, targeting Europe, Asia and Latin America as part of a deliberate diversification strategy, according to the unit’s chief executive officer.
Fastmarkets has corrected its copper concentrates treatment and refinement charge indices, which were published incorrectly on March 20 2026 due to a technical error.