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

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

China’s top copper concentrate buyers are in a fix. On Thursday July 18, the historically powerful China Smelter Purchase Team will gather for a quarterly meeting that traditionally is an arena for members to share information on trade flows and maintenance schedules, and to set a quarterly purchasing price floor for copper concentrate treatment and refining charges. This time, however, things could be different.

Insurer AON and software developer Gen10 have joined Dutch bank Rabobank, international trading firm Concord Resources and warehousing firm PGS in the development of the blockchain trading platform for the metal repo financing business.

The United States Senate’s passage of a tax treaty protocol with Spain will unlock large investments in North American Stainless’ (NAS) facility in Ghent, Kentucky, the company said on Tuesday July 16.

A multi-year low in the cobalt metal price in China triggered the speculative buying witnessed over the week to July 12, which is likely to be followed by restocking activity in the spot market, Fastmarkets learned.

The price for antimony has softened due to stalled demand, with lower offers for cadmium failing to find resistance.

What to read next
Fastmarkets proposes to extend the shipment window of its alumina index inferred, fob Brazil, to allow for greater inclusion of reported liquidity, and to increase the frequency of publication to weekly.
Following a month-long consultation period, Fastmarkets has amended the methodology for the bi-weekly assessment of the aluminium P1020A main Japanese ports (MJP) spot premium, to include domestic tenders and deals from the Japanese market.
Fastmarkets proposes to discontinue its ferrous scrap consumer buying price for cast iron borings in Pittsburgh due to a lack of liquidity.
Fastmarkets is proposing a realignment of its consumer buying price for ferrous scrap No1 busheling in Cincinnati and Pittsburgh, effective from the May 2023 monthly settlement.
A drive by electric vehicle (EV) manufacturers to improve the affordability of their cars may upend an expectation by some market observers that future EV dominance of automotive production will sharply reduce demand for special bar quality (SBQ) steel
The publication of Fastmarkets’ US rebar prices took place earlier than scheduled on Wednesday March 22 due to a reviewer error.
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