IN CASE YOU MISSED IT: 5 key stories from March 21

Here are five Fastmarkets MB stories you might have missed on Thursday March 21 that are worth another look.

Non-ferrous scrap market participants in the United States are bracing for massive trade disruptions as a result of impending Chinese import restrictions – and a rumored quota system – set to take effect on Monday July 1.

The use of Fastmarkets MB’s iron ore indices in physical contracts continues to widen, with several market participants confirming in recent weeks that they settled 2019 term contracts using the Fastmarkets MB 65% Fe iron ore index as the base.

The Democratic Republic of the Congo has lifted a ban on cobalt and copper concentrate exports imposed in February but maintained the threat of its future enforcement.

Copper concentrate deliveries from Mongolia’s Erdenet mine were disrupted in early March following the dismissal of several top managers in a restructuring program ordered by the country’s government, although production continued as normal, Fastmarkets has learned. The mine produces 530,000 tonnes per year of ores and is one of Asia’s biggest copper and molybdenum mines.

Vale has issued a warning over another potential iron ore production impact of as much as 10 million tonnes per year due to the suspension of operations at its Alegria mine in Brazil’s Minas Gerais state.

What to read next
Global copper futures prices are in a frenzy, with record highs being logged on the New York-based Commodity Exchange (Comex), London Metal Exchange and Shanghai Futures Exchange (SHFE) in recent days
A surge in recycling capacity in the US aluminium industry is coming in the next few years while for now it continues to meet most of its primary aluminium needs from Canada.
US President Joe Biden will increase tariffs on Chinese imports including steel and aluminium, electric vehicles, semiconductors and advanced batteries, to counteract China’s “unfair” trading practices, he announced on Tuesday May 14
Anglo American's rejection of takeover bids by BHP has put copper firmly under the spotlight, but what challenges lie ahead for the red metal as the corporate tussle continues?
Copper fabricators in China and the wider Southeast Asian region continue to feel the pain of high copper prices on futures exchanges and a lack of new orderbooks, with some having already asked for a postponing of shipments of long-term copper cathodes, sources told Fastmarkets in the week to Wednesday May 15
Recent weeks have seen a significant number of miners agreeing sales of copper concentrate to traders for one to four years of supply, Fastmarkets has learned