IN CASE YOU MISSED IT: 5 key stories from May 15

Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.

A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.

The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less nickel this year, while that in China will fall by just 4% versus 2019, according to Nornickel.

Steady demand from China continued to prop up prices in Southeast Asia’s steel billet market over the past week, sources told Fastmarkets on May 15.

Fastmarkets’ Shanghai benchmark copper premium surged to its highest level since September 2015 on May 15, with traders looking for overseas material to tap arbitrage gains. sources said.

The Covid-19 pandemic is likely to lead to another casualty: the mega mine.

What to read next
Fastmarkets advises that, as of Friday June 9, some regional ferrous scrap prices and markets have not settled for June; Fastmarkets typically settles these markets on or before the 10th of each month.
Fastmarkets proposes to amend the specifications for its weekly payable indicators for black mass in South Korea.
Learn why delayed universal definitions of green steel means pricing green steel remains a challenge
Fastmarkets has launched two new Green Steel prices for the European domestic market, starting Thursday June 8.
Learn more on why advancements in “green steel” considered unachievable in geographical isolation and require the collaboration of all stakeholders in all regions if they are to succeed.
Fastmarkets has corrected the rand fixing prices for LME-traded base metals, which were published incorrectly on Tuesday June 6 due to a technical error.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.