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

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

Fastmarkets - a leading source of pricing information for the global commodity markets – announced on Monday June 10 that it has been selected by the London Metal Exchange as its partner to develop a lithium price benchmark. The partnership will promote the uptake of a transparent and representative global lithium price, the LME said on June 10.

Russian steelmaker Metalloinvest will build a terminal for the transfer of hot-briquetted iron and iron ore pellets at the port of Ust-Luga, the largest and deepest port on the Baltic Sea, in response to growing demand.

The development plans in place at Russian nickel producer Nornickel will not be adversely affected by the resignation last year of major shareholder Oleg Deripaska, company president Vladimir Potanin said.

The Chinese alumina market’s material supply has not been affected by the full production stop at Xinfa Group’s Jiaokou refinery and has shown no sign of tightness until now, sources told Fastmarkets.

The export price for ferro-vanadium in China rose for a second consecutive week in the latest assessment on June 6, tracking the strength seen in the country’s domestic market.

What to read next
Fastmarkets advises that, as of Friday June 9, some regional ferrous scrap prices and markets have not settled for June; Fastmarkets typically settles these markets on or before the 10th of each month.
Fastmarkets proposes to amend the specifications for its weekly payable indicators for black mass in South Korea.
Learn why delayed universal definitions of green steel means pricing green steel remains a challenge
Fastmarkets has launched two new Green Steel prices for the European domestic market, starting Thursday June 8.
Learn more on why advancements in “green steel” considered unachievable in geographical isolation and require the collaboration of all stakeholders in all regions if they are to succeed.
Fastmarkets has corrected the rand fixing prices for LME-traded base metals, which were published incorrectly on Tuesday June 6 due to a technical error.
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