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
The publication of Fastmarkets’ price assessments of the base metals arbitrage for copper, aluminium, zinc and nickel for Friday August 1 were delayed due to reporter error. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ MB-ALU-0003 alumina index adjustment to fob Australia index, Brazil for Thursday July 31 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
Key takeaways: US 50% tariffs on Brazil exclude pulp, other major exporting sectors US President Donald Trump has signed an executive order implementing an additional 40% tariff on Brazil, raising the total tariff to 50%, the White House said in a statement published on Wednesday July 30. The new tariffs will take effect in seven […]
Market reactions to the soon-to-be-implemented US copper tariff are driving short-term volatility and supply imbalances while fuelling long-term efforts to expand domestic production, recycling and infrastructure.
US export controls on recycled copper would have unintended consequences that could weaken the country’s domestic recycling and manufacturing ecosystems, the president of the Recycled Materials Association (ReMA) said.
The publication of Fastmarkets’ assessments for nickel 4x4 cathode, nickel briquette and nickel uncut cathode premiums in-whs Rotterdam was delayed on Tuesday July 16 because of a reporter error.