IN CASE YOU MISSED IT: 5 key stories from July 2

Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.

European importers of long steel and hot-rolled coil have claimed that this week’s definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.

Chilean copper miner Antofagasta has agreed to supply major Chinese smelters Tongling Nonferrous and Jiangxi Copper with copper concentrates in the first half of 2021, Fastmarkets understands.

An accident interrupted operations at one of the coking coal mines operated in Poland by Jastrzebska Spólka Weglowa (JSW), the company said on July 2.

Hebei Steel, China’s second-largest steel mill, has finalized its purchase price for July-delivery silico-manganese at 6,500 yuan ($920) per tonne, market participants told Fastmarkets on July 2.

China imported more than double the volume of cobalt metal in May compared with the same period last year due to arbitrage opportunities, according to market sources.

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Chinese mining giant CMOC reported a 178% year-on-year increase in cobalt metal production for the first six months of 2024, according to an announcement by the company on Friday July 12
Aluminum scrap generation in Europe is expected to decrease in the current quarter due to lower demand from downstream metal producers amid the domestic seasonal summer slowdown, according to the latest market overview from the Bureau of International Recycling (BIR)
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
Norway-based aluminium producer Hydro and German car manufacturer Porsche signed a long-term agreement on Tuesday July 9 for supply of low-carbon aluminium to further decarbonize the supply chain of Porsche’s sports cars. The agreement follows the letter of intent signed in April
The Indonesian government is looking to ease its export ban on bauxite, sources familiar with the matter have told Fastmarkets
Price and supply were the major topics of conversation for market participants across the value chain attending Fastmarkets’ flagship Lithium Supply and Battery Raw Materials conference in Las Vegas on June 24-27