IN CASE YOU MISSED IT: 5 key stories from May 30

Here are five Fastmarkets MB stories you might have missed on Thursday May 30 that are worth another look.

Antimony prices have dropped significantly in both Chinese and European markets so far this year due to weak demand and bearish sentiment caused by factors led by rising trade tensions between China and the United States, the world’s two largest economies.

Opportunities to lock in long-term sales of cobalt hydroxide – and diversify a customer base outside of China in the process – are too appealing to pass by in a market still feeling the effects of a ramp-up in intermediates supply.

Workers belonging to three trade unions at Codelco’s Chuquicamata division voted to go on strike when they rejected the latest contract proposal from the Chilean state-owned copper miner, the unions said on May 29.

The Mexican government has begun to unblock some of the frozen bank accounts owned by steelmaker Altos Hornos de México, the company said late on Wednesday May 29.

Surging iron ore prices have narrowed steelmaking margins in China, although the country’s long steel producers are unlikely to lower their prices anytime soon to stimulate sales, sources told Fastmarkets MB this week.

What to read next
The publication of Fastmarkets copper concentrates TC index, cif Asia Pacific was delayed on Friday March 26, due to a reporter error.
State-owned copper giant Codelco has created two subsidiaries to further its expansion into lithium, a metal Chile has identified as essential not only for the global energy transition but for its own future development
After a month-long consultation period, Fastmarkets has refined the delivery terms for its international nickel sulfate price assessments, with Japan and Korea now the only accepted locations.
After an extended consultation period, Fastmarkets has amended the specified brands in its cobalt standard grade and cobalt alloy grade price assessments.
A growing focus by consumers on Scope 3 carbon emissions is putting raw materials, such as bauxite and alumina, in the spotlight
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt sulfate, spodumene and graphite price assessments via an open consultation process between April 13 and May 18, 2023. This consultation was done as part of our published annual methodology review process.
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