IN CASE YOU MISSED IT: 5 key stories from March 26

Here are five Fastmarkets MB stories you might have missed on Tuesday March 26 that are worth another look.

The London Metal Exchange has announced a six-month suspension of listing fees for new cobalt brands on the exchange in a note to members on Tuesday March 26 amid emerging liquidity concerns from producers.

There are no concerns surrounding the availability of bauxite to meet ongoing aluminium supply chain growth, industry executives said at Fastmarkets’ 25th Bauxite & Alumina conference in Miami on March 26, noting that the key to ensuring access to it is improving community and government relationships. Additionally, new regulation to decommission upstream tailings dams in Brazil is necessary to ensure the safety of the community but should not reduce bauxite production, Milton Rego, deputy president of Brazilian Aluminium Association Abal, said at the same conference. 

MMG will declare force majeure on copper concentrate sales contracts from the Las Bambas mine in Peru, the mining company said on Tuesday in a notice to the Hong Kong Exchange. 

Most of Norsk Hydro’s operations are now running at normal capacity one week after the company was hit by a cyber attack, the Norwegian aluminium producer said on March 26.

Physical iron ore prices stayed rangebound for a second day on March 26, with market participants waiting on news of the full impact of Cyclone Veronica on Australian iron ore operations.

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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
Aluminum scrap generation in Europe is expected to decrease in the current quarter due to lower demand from downstream metal producers amid the domestic seasonal summer slowdown, according to the latest market overview from the Bureau of International Recycling (BIR)
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
Norway-based aluminium producer Hydro and German car manufacturer Porsche signed a long-term agreement on Tuesday July 9 for supply of low-carbon aluminium to further decarbonize the supply chain of Porsche’s sports cars. The agreement follows the letter of intent signed in April
The Indonesian government is looking to ease its export ban on bauxite, sources familiar with the matter have told Fastmarkets
Price and supply were the major topics of conversation for market participants across the value chain attending Fastmarkets’ flagship Lithium Supply and Battery Raw Materials conference in Las Vegas on June 24-27