IN CASE YOU MISSED IT: 5 key stories from March 11

Here are five Fastmarkets MB stories you might have missed on Monday March 11 that are worth another look.

The London Metal Exchange and Fastmarkets launched three new cash-settled derivative contracts on Monday March 11 to provide effective risk management tools for the aluminium, alumina and cobalt markets.

The LME is at the heart of yet another warehousing conundrum, with pressure mounting for a ruling on why the linked load-in/load-out rule was not activated at end of January despite a large queue of Glencore-owned aluminium appearing at Istim’s warehouses in Malaysia.

Malaysia and India have unique competitive advantages in manganese alloy production that other Asian alloy producers are unable to match, according to panelists at Fastmarkets’ Asian Ferro-alloys conference in Hong Kong on Monday March 11.

The global copper supply chain could be underestimating the market impact of Chinese scrap cuts amid the country’s growing consumption, established industry expert Jonathan Barnes told Fastmarkets.

A move toward buying almost all ferro-alloys on long-term contracts has left the spot market industry in the United States so quiet that some traders are looking at China to understand spot fundamentals, Barry Lazar, chief executive officer of steel raw materials supplier Medima, said this week.

What to read next
Glencore’s Gary Nagle might have spoken too soon when he said that his company wouldn’t be hit by a nickel fraud similar to that seen by its rival, Trafigura
Fastmarkets proposes to amend its steel cut-to-length plate carbon grade, fob mill US assessment to exclude material below 0.375 inches of thickness, which is sold with an added cost by several major mills.
The European Union’s much-anticipated Critical Raw Materials Act, announced on Thursday March 16 by European Commission president Ursula von der Leyen, has set out new lists of the raw materials now formally designated as strategic and critical
The London Metal Exchange is facing lawsuits seeking damages collectively worth more than half a billion dollars for losses that investors allege they suffered as a result of nickel trades being canceled by the exchange last year
The publication of a number of Fastmarkets’ price assessments was delayed on Thursday March 16 for technical reasons.
Continued tightness of class one supply within Europe and increased buying interest amid falling London Metal Exchange nickel prices and fresh liquidity have prompted an increase in premiums within Europe, while US and Chinese premiums remain steady for now
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