IN CASE YOU MISSED IT: 5 key stories from November 14

Here are five Fastmarkets MB stories you might have missed on Thursday November 14 that are worth another look.

China’s annual scrap consumption could reach 330 million tonnes by 2030 and account for up to half of the country’s steel output, according to the China Association of Metal Scrap Utilization (Camu).

Copper miners and smelters look set to agree the lowest annual benchmark for concentrate in eight years, according to initial indications for 2020 contracts tabled by both sides.

While the ferro-alloys industry prepares to gather in Budapest for the annual International Ferro-alloys conference on November 17-19, Fastmarkets looks at the key price moves since last year’s conference.

Cobalt briquettes produced by the Ambatovy joint venture in Madagascar have been approved by the London Metal Exchange for delivery against its physically-settled cobalt contract.

China exported just 1.9 tonnes of unwrought indium in September compared with 23.6 tonnes in September 2018, according to the latest Chinese customs data.

What to read next
Over a decade since its first attempt, Glencore appears to have taken another tilt at Rio Tinto.
Participants in the market for copper scrap and blister in China, the world’s largest importer of copper raw materials, expect there to be fiercer competition for material in 2025, industry sources told Fastmarkets in the week to Thursday January 9.
Africa’s first transcontinental rail network, known as the Lobito Corridor, which aims to eventually connect almost the entire regional copper-cobalt belt with additional links across sub-Saharan Africa, is on track to break ground early in 2026, a senior official at the US Department of State told Fastmarkets.
The availability of relatively untapped resources, a huge influx of Chinese investment and a rapid licensing system have helped the Democratic Republic of Congo (DRC) to become one of the world’s three key producers of copper.
The European steel and aluminium scrap industries urged the European Commission on Wednesday January 15 against taking action to curb scrap exports after domestic industry metals producers backed measures to do just that.
Renewed US-China trade tensions with Donald Trump’s second presidential term could bolster Southeast Asia’s aluminium scrap industry in 2025, particularly amid still-growing Chinese demand, sources told Fastmarkets by Tuesday, January 14.