IN CASE YOU MISSED IT: 5 key stories from June 16

Here are five Fastmarkets stories you might have missed on Tuesday June 16 that are worth another look.

Swedish stainless steel producer Sandvik is to cut 429 jobs from its Sandvik Materials Technology division later this year because of the negative impact on business of the Covid-19 pandemic

Ferrous scrap prices have ticked up slightly in Mexico, although overall steel production and industrial activity remain low, market sources told Fastmarkets.

China has released a minimal amount of quotas in its eighth announcement in 2020 to allow importers to source copper and aluminium scrap from overseas, Fastmarkets understands.

The Shanghai Futures Exchange will start trading aluminium and zinc options from August 10 after receiving approval from the China Security Regulatory Commission, the exchange said on Friday June 12.

The electric vehicle (EV) sector will continue to find support in the medium term despite the overall impact of Covid-19 on global automotive output in 2020, according to battery materials manufacturer Umicore.

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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