IN CASE YOU MISSED IT: 5 key stories from June 24

Here are five Fastmarkets MB stories you might have missed on Monday June 24 that are worth another look.

Koniambo Nickel SAS, 49%-owned by commodity firm Glencore, has evacuated and temporarily ceased production at its North Plant in New Caledonia following a leak at 6.22am local time on Monday June 24.

The United States Supreme Court has denied a request by the American Institute for International Steel (AIIS) to hear its case challenging the constitutionality of the Section 232 tariffs and quotas on imported steel implemented by President Donald Trump’s administration.

The ferro-tungsten market in Europe fell to a two-year low during the week ended Friday June 21 due to good spot availability and aggressive offers from suppliers looking to offload their material. Similarly, the European ammonium paratungstate market continued to retreat under pressure from cheaper offers in China and continuously weakening demand.

Nyrstar will write down the value of its zinc-copper-gold Myra Falls mine by an additional €30 million ($34.18 million), it said on June 22, bringing total 2018 impairment on assets to €130 million.

The benchmark for the supply of aluminium to main Japanese ports in the third quarter of 2019 has settled at a premium of $108 per tonne cif over the London Metal Exchange cash price.

What to read next
The most recent financial results published by base metals mining companies highlight just how inflation is affecting profit margins, with increasing wages, financing costs and input prices all hitting profits, sources told Fastmarkets in the week to Thursday March 28
Century Aluminum is among those selected to start award negotiations for up to $500 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding to build a new aluminium smelter, the company said on Monday March 25
Participants in the copper concentrates market are struggling to comprehend an “unstoppable” decline in treatment and refinement charges (TC/RCs), with every week bringing spot deals at fresh lows and rumors each “crazier” than the last, sources have told Fastmarkets
The US Department of Energy selected five base metals projects to receive more than $900 million in federal investment from its Industrial Demonstration Program (IDP), leading to a reduction of four million tonnes of carbon dioxide emissions annually, according to a statement by the Department on Monday March 25
Aluminium producer and recycler Constellium announced on Tuesday March 12 that the company is moving to test hydrogen utilization at an industrial scale as a power source in its casthouses
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday March 18.