IN CASE YOU MISSED IT: 5 key stories from March 4

Here are five Fastmarkets stories you might have missed on Wednesday March 4 that are worth another look.

Brazilian mining company Vale has decided to halt operations indefinitely at its Fazendão iron ore mine in the south-eastern state of Minas Gerais, after an expansion permit was revoked in February by the local environmental development council.

Market participants avoided sending aluminium from Southeast Asia to the United States due to weak aluminium prices on the London Metal Exchange and premiums in the US Midwest.

Conversations at Fastmarkets’ International Copper Conference in Amsterdam, the Netherlands, on February 26-28 revolved around the impact of the novel coronavirus (2019-nCoV) on copper production and procurement chain, as well as logistics disruptions.

Production of nickel-cobalt-manganese (NCM) lithium-ion batteries at South Korean battery maker LG Chem is not being affected by supply disruptions at L&F, one of its local cathode materials suppliers, a company source told Fastmarkets.

The Chinese ferro-silicon price continued to fall in the week to March 4 due to high stocks and worsening magnesium price performance.

What to read next
Saudi Arabia, through its spearheading of a mining and minerals production and consumption push in the Middle East, a region usually associated with oil and gas, is leading neighboring countries to increase their presence in the base metals markets
Indonesia is preparing to invest more in its aluminium supply chain as part of its wider critical metals strategy, Fastmarkets understands
Market sentiment remain mixed on whether the investigation will impact aluminium prices and production
Aluminium premiums in all key regions remained well-supported in the week to Tuesday June 18, amid ongoing reports of tight availability, while market participants in Europe and Asia are focusing on ongoing negotiations for Japanese third-quarter supplies
The Kingdom of Saudi Arabia’s (KSA) ambitious plan to diversify away from oil and into metals will increase local nickel consumption and fund international mining projects, given recent massive investments in nickel-intense industries
Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.