IN CASE YOU MISSED IT: 5 key stories from June 7

Here are five Fastmarkets MB stories you might have missed on Friday June 7 that are worth another look.

The outlook for continuing Chinese demand for copper scrap from the United States, especially No2 copper (birch/cliff), is cautiously optimistic among market participants.

In base metals, the ongoing trade war between the US and China is dampening investor interest in the primary copper industry, executives said at Fastmarkets’ 5th Annual Copper Seminar on Wednesday June 5 in New York. Additionally, disappointing US job growth figures hung over the commodity markets and sent the three-month lead price on the London Metal Exchange lower at the close of trading on June 7, with the metal failing to sustain gains made earlier in the week but staying above its nearby $1,800-per-tonne support level.

A customer of Konkola Copper Mines has been informed that it will not be receiving copper deliveries in June after the Zambian government’s recent liquidation order on the supplier.

Fastmarkets examines the disconnect between manganese ore and alloy prices, which has led to squeezed margins for alloy producers.

Cobalt prices have continued to slide amid weak buying activity.

What to read next
Fastmarkets advises that, as of Friday June 9, some regional ferrous scrap prices and markets have not settled for June; Fastmarkets typically settles these markets on or before the 10th of each month.
Fastmarkets proposes to amend the specifications for its weekly payable indicators for black mass in South Korea.
Learn why delayed universal definitions of green steel means pricing green steel remains a challenge
Fastmarkets has launched two new Green Steel prices for the European domestic market, starting Thursday June 8.
Learn more on why advancements in “green steel” considered unachievable in geographical isolation and require the collaboration of all stakeholders in all regions if they are to succeed.
Fastmarkets has corrected the rand fixing prices for LME-traded base metals, which were published incorrectly on Tuesday June 6 due to a technical error.
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