IN CASE YOU MISSED IT: 5 key stories from March 27

Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.

European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.

The Zambian government will remove the 5% import duty on metal concentrates to ease the pressure on copper and cobalt producers during global lockdowns imposed to halt the spread of the Covid-19 virus and and sharp declines in commodity prices.

Hindustan Zinc, owner of some of the largest zinc mines and smelters in the world, is suspending most of its domestic operations in the northern Indian state of Rajasthan due to a nationwide lockdown.

Fastmarkets reviews the week’s developments in South African ores and alloys supply following the lockdown order from President Cyril Ramaphosa on Monday March 23 amid the spread of Covid-19.

The Chinese domestic spot battery-grade lithium hydroxide price fell by 3.7% on Thursday March 26 after nearly four months’ stability, while markets in the rest of the world were subdued due to the spread of the Covid-19 virus.

What to read next
Read more from senior analyst Andy Farida on how the price action in LME nickel has played out in the first half of 2024
Tight aluminium scrap availability, the increase in container costs, sluggish demand in the US and the US market’s current indifference to rising premiums in Europe and Asia were the top subjects discussed during the Harbor Aluminum Summit that took place in Chicago on June 4-6
Germany-based copper recycling and non-ferrous metal provider Aurubis has started commissioning their secondary smelter in Augusta, Georgia, and could eventually introduce black mass recycling to the facility
Base metals on the London Metal Exchange were mixed in morning trading on Monday June 10, with three-month prices lacking direction amid thin traded volumes due a public holiday in China, the largest market for base metals
Copper concentrate treatment and refining charges have repeatedly fallen to record-low levels over the first five months of 2024
The publication of Fastmarkets’ assessments for the nickel briquette premium, delivered Midwest US and the nickel 4x4 cathode premium, delivered Midwest US for June 4 were delayed because of incorrect methodology application.