IN CASE YOU MISSED IT: 5 key stories from June 14

Here are five Fastmarkets MB stories you might have missed on Friday June 14 that are worth another look.

Chinese imports from the US of products including metals concentrates and non-ferrous and ferrous scrap are eligible for two rounds of applications for exclusion from Chinese tariffs, according to a new policy document seen by Fastmarkets. The document from the Customs Tariff Commission of the State Council implies that some Chinese metals importers will be able to buy these products without paying tariffs of as much as 25%.

With an international career that has spanned senior positions with some of the biggest companies and mines for non-ferrous metal production, Sonami president Diego Hernandez tells Andrea Hotter about the multiple roles that led him to the pinnacle of copper mining

In a new metals fraud case, state-owned Chinalco Shanghai Copper alleges that one of its trading subsidiaries paid more than $6 million for 900 tonnes of domestically warehoused copper from another trader, Jiangsu Trade Gold Supply Chain Management, only to discover that the material did not exist, company documents seen by Fastmarkets show.

Cuts to South Africa’s production of ferro-chrome have added to bearish market sentiment in China amid predictions that increased availability of raw materials will weigh on ore prices, Fastmarkets heard in the week ended Friday June 14.

The queue for aluminium at London Metal Exchange-approved warehouses at Port Klang, Malaysia, operated by Istim, edged down to 109 days at the end of May, according to the latest LME data.

What to read next
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt hydroxide, min 30% Co, inferred, China, $lb, via an open consultation process between May 4 and June 1, 2023. This consultation was done as part of our published annual methodology review process.
Fastmarkets will discontinue its consumer buying price assessments for machine shop turnings in the Cleveland and Pittsburgh markets effective Tuesday June 6.
Fastmarkets has decided to proceed with the launch of a new European low carbon ferro-chrome price covering material with lower chrome content.
Fastmarkets invites feedback on a proposal to increase the publication frequency of non-exchange-deliverable equivalent-grade (EQ) copper cathode premium, cif Shanghai, from once every two weeks to once every week.
The outlook for North American steel scrap prices has headed further into bearish territory ahead of June’s trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May
Fastmarkets is inviting feedback on a change of publishing time for our ferro-chrome price in the Chinese domestic market as well as ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.
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