IN CASE YOU MISSED IT: 5 key stories from June 30

Here are five Fastmarkets stories you might have missed on Tuesday June 30 that are worth another look.

The definitive decision in the European steel safeguard case review failed to adjust the level of quotas to collapsed demand following Covid-19 crisis and is a “deep disappointment,” European steel association Eurofer and European trade union IndustriAll said in a joint statement on June 30.

Chinese non-ferrous scrap importers largely stayed on the sidelines during June, with a lack of detail surrounding China’s renaming of certain scrap metal as renewable materials causing participants to refrain from making any purchases.

Solgold is set to take 100% control of its Ecuador copper-gold mine named Alpala, with the latest buy-out attempt from a company that holds a minority stake in the project, Fastmarkets understands.

A new anti-dumping case has been brought by the two dominant silicon metal producers in the United States, petitioning against silicon producers in Bosnia & Herzegovina, Iceland, Malaysia and Kazakhstan.

China’s leading stainless steel producers – Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel – have all lowered their high-carbon ferro-chrome tender prices for July following a recent backswing in upstream chrome ore prices.

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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.