IN CASE YOU MISSED IT: 5 key stories from May 17

Here are five Fastmarkets MB stories you might have missed on Friday May 17 that are worth another look.

The United States will give a 180-day window to its auto trading partners to reduce imports of automobiles and certain automobile parts, essentially delaying potential Section 232 tariffs on these products, the White House said on Friday May 17. On the same day, US President Donald Trump announced an agreement had been reached to remove Section 232 tariffs from Canada and Mexico

Copper concentrate treatment and refining charges edged lower in the second week of May, with traders snapping up tender tonnages at low numbers while smelters hesitated on spot purchases.

The European Commission has initiated a review of its steel import safeguard measures, it said in a notice published in the Official Journal of the European Union on May 17.

Rumors that around 1,000 tonnes of bismuth held in Fanya warehouses might be auctioned dampened buying interest in China, causing the domestic Chinese bismuth price to plunge by 4% week on week on Friday.

The Chinese import price for bauxite will continue to rise gradually over the next 5-10 years on stronger domestic demand, Metro Mining chief executive officer Simon Finnis told Fastmarkets at the Alumina & Bauxite Conference held in Zhengzhou on May 16-17.

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.