IN CASE YOU MISSED IT: 5 key stories from June 8

Here are five Fastmarkets stories you might have missed on Monday June 8 that are worth another look.

Workers at Italian flat steel producer ArcelorMittal Italia will go on strike on Tuesday June 9 to protest job cuts, presented as part of new industrial plan, Italian trade unions Fim, Fiom and Uilm said on June 6.

The main workers’ union representing employees of Cobre Panamá, Utramipa, is pressuring Panamanian authorities to reopen the largest copper mine in Central America as soon as possible due to the suspension of labor contracts in late April, Fastmarkets heard.

The market for high-carbon ferro-chrome in Europe ticked up in the week to Friday June 5 with some producers holding out for higher prices in the face of weak demand.

Seaborne prices for both low and high-grade manganese ore in China tumbled to seven-week lows in the week to June 5 after some miners reduced offer prices for July-delivery cargoes significantly amid a bearish sentiment prevailing in the domestic market, sources said.

Spot cobalt hydroxide payables came off their recent highs during the second half of last week with consumers having completed the bulk of their recent restocking drive.

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The consultation, which is open until October 28, 2022, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials, as part of its announced annual methodology review process.
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