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

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

US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on June 10.

Carmakers Volkswagen AG and Ford Motor Company have signed agreements that strengthen their global alliance in producing electric vehicles (EVs) and other commercial vehicles for customers in Europe and elsewhere, the companies said in a joint statement on Wednesday June 10.

Scrap metal cargoes shipped into China will be subject to a new set of inspection procedures from 2021, Fastmarkets has learned.

Chilean copper output rose by 2.6% year on year in April, with the country’s three top producers all reporting growth despite restrictions put in place to curb the spread of the Covid-19 outbreak.

Vietnam’s Masan Resources has completed the acquisition of Germany’s HC Starck Group tungsten business, the tungsten miner confirmed to Fastmarkets on June 10.

What to read next
The publication of Fastmarkets copper concentrates TC index, cif Asia Pacific was delayed on Friday March 26, due to a reporter error.
State-owned copper giant Codelco has created two subsidiaries to further its expansion into lithium, a metal Chile has identified as essential not only for the global energy transition but for its own future development
After a month-long consultation period, Fastmarkets has refined the delivery terms for its international nickel sulfate price assessments, with Japan and Korea now the only accepted locations.
After an extended consultation period, Fastmarkets has amended the specified brands in its cobalt standard grade and cobalt alloy grade price assessments.
A growing focus by consumers on Scope 3 carbon emissions is putting raw materials, such as bauxite and alumina, in the spotlight
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt sulfate, spodumene and graphite price assessments via an open consultation process between April 13 and May 18, 2023. This consultation was done as part of our published annual methodology review process.
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