IN CASE YOU MISSED IT: 5 key stories from March 2

Here are five Fastmarkets stories you might have missed on Monday March 2 that are worth another look.

March 3, 2020

By Generic people page

Base metals Copper

The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 force majeure certificates to businesses in China affected by the novel coronavirus (2019-nCOV) outbreak.

The price of European aluminium ingot 226 continued to climb on Friday February 28 due to strong domestic demand amid concerns that the spread of the novel coronavirus (2019-nCoV) in Italy could hamper production in the region, leaving a tight market with inadequate supply.

Global ferrous scrap prices edged up (apart from in Turkey) in the week to February 28, mainly due to a rise in freight rates, with many market participants reporting weak trading activity.

Cesco Santiago, one of the biggest annual events for the copper industry, has been canceled, organizers confirmed to Fastmarkets.

Ferro-vanadium prices were under pressure over the latest assessment period amid weak consumer demand both in China and Europe, while the European vanadium pentoxide price edged up in Europe amid tight prompt availability.

What to read next

Global spot copper markets mixed; China ticks up, US tight, Europe quiet

Asian spot copper premiums rose in the week ended Tuesday July 23, with premiums imported into China increasing on improved arbitrage terms. In the US market, supply failed to keep up with strong demand while in Europe participants were mostly off for the summer holidays

July 25, 2024

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By Albert MacKenzie

Adult, Female, Person

Freeport-McMoRan’s Kathleen Quirk says copper scarcity means companies are buying rather than building new supply

In the fourth episode of Fastmarkets critical minerals podcast Fast Forward, Freeport-McMoRan CEO and president Kathleen Quirk tells host Andrea Hotter why there's a preference to build and not build new supplies of copper right now

July 25, 2024

Steel, Aluminium, Blade

Demand for aluminium in green transition supporting otherwise challenging downstream markets: Norsk Hydro CEO

Demand for primary aluminium from the green transition remains a “brighter spot” for consumption amid an otherwise challenging downstream demand outlook, Eivind Kallevik, Norsk Hydro’s chief executive officer and president, told Fastmarkets in an exclusive interview on Tuesday July 23

July 24, 2024

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By Imogen Dudman

ACG’s Gediktepe deal first step in creating mid-tier copper producer | Hotter Commodities

Acquisition Company Limited (ACG) has agreed to buy the Gediktepe mine in Turkey — the company’s first deal as it works to build a sizeable mid-tier copper producer, its chairman and chief executive officer told Fastmarkets.

July 24, 2024

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By Andrea Hotter

Metalworking, Person, Machine

Speculative interests in copper driving base metals narratives, says Sucden Financial

Copper market price speculation is driving the base metals narrative, head of research at UK-based services provider Sucden Financial Daria Efanova said during the company’s third-quarter metals webinar on Wednesday July 17.

July 23, 2024

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By Natasha Porter

CMOC cobalt production soars by 178% in H1 2024, straining an already oversupplied market

Chinese mining giant CMOC reported a 178% year-on-year increase in cobalt metal production for the first six months of 2024, according to an announcement by the company on Friday July 12

July 18, 2024

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By Alexander Cook