IN CASE YOU MISSED IT: 5 key stories from March 1

Here are five Fastmarkets MB stories you might have missed on Friday March 1 that are worth another look.

Copper-starved London Metal Exchange warehouses could receive a long-awaited influx of metal from an unexpected source, Fastmarkets has learned.

The LME has released its pricing procedures and methodologies for the scheduled release of its cash-settled futures contracts on March 11, highlighting methods in which the bourse will determine daily settlement prices.

Mining operations at Rusal’s 2.3-million-tonne-per-year Bauxite Co of Guyana Inc have been suspended for 14 days due to strike action, with no timeline for the return of workers.

Miners in the Democratic Republic of the Congo are starting to look at blockchain as a way to provide supply chain traceability in compliance with customer and regulatory requirements, Lance Hooper, chief operating officer of Canadian resource company Cobalt Blockchain, said.

Ahead of Fastmarkets’ Battery Materials 2019 conference in Shanghai, Fastmarkets looks at the use of lithium in next-generation vehicles and other battery uses as well as soaring prices, which have spurred interest in lithium and boosted its importance in recent years as a battery material.

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Fastmarkets proposes to amend the frequency of the publication of several US base metal price assessments to a monthly basis, including MB-PB-0006 lead 99.97% ingot premium, ddp Midwest US; MB-SN-0036 tin 99.85% premium, in-whs Baltimore; MB-SN-0011 tin 99.85% premium, ddp Midwest US; MB-NI-0240 nickel 4x4 cathode premium, delivered Midwest US and MB-NI-0241 nickel briquette premium, delivered Midwest US.
The news that President-elect Donald Trump is considering additional tariffs on goods from China as well as on all products from US trading partners Canada and Mexico has spurred alarm in the US aluminium market at a time that is usually known to be calm.
Unlike most other commodities, cobalt is primarily a by-product – with 60% derived from copper and 38% from nickel – so how will changes in those markets change the picture for cobalt in the coming months following a year of price weakness and oversupply in 2024?
Copper recycling will become increasingly critical as the world transitions to cleaner energy systems, the International Energy Agency (IEA) said in a special report published early this week.
Fastmarkets proposes to lower the frequency of its assessments for MB-AL-0389 aluminium low-carbon differential P1020A, US Midwest and MB-AL-0390 aluminium low-carbon differential value-added product US Midwest. Fastmarkets also proposes to extend the timing window of these same assessments to include any transaction data concluded within up to 18 months.
Fastmarkets invited feedback from the industry on its non-ferrous and industrial minerals methodologies, via an open consultation process between October 8 and November 6, 2024. This consultation was done as part of our published annual methodology review process.