IN CASE YOU MISSED IT: 5 key stories from March 6

Here are five Fastmarkets stories you might have missed on Friday March 6 that are worth another look.

Most flat steel import prices in South America have remained unchanged in the week ended March 6, in a market lull before the start of negotiations for May shipments, although sellers were indicating that more expensive offers would be presented in the weeks ahead.

The International Copper Study Group (ICSG) has forecast that refined copper usage in 2020-21 will increase year on year by 1.5%, owing in part to sustained economic growth in the United States.

Nickel demand from China is likely to decline more than anticipated because of the novel coronavirus (2019-nCoV) outbreak, Nornickel said during its earnings call.

The battery-grade lithium carbonate price in China broke its steady streak in the week to Thursday March 5 after producers cut offers to meet cash flow needs, while European and US battery-grade prices fell by over 4% week on week.

Key data from the chrome pricing sessions in Asia, Europe and the United States for the week ending March 6.

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.