IN CASE YOU MISSED IT: 5 key stories from November 20

Here are five Fastmarkets MB stories you might have missed on Wednesday November 20 that are worth another look.

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil rose during the week to November 19 due to improved buying interest amid gains in upstream hot-rolled coil prices, market participants told Fastmarkets.

Aluminium premiums in Europe and the United States declined further in the week ended November 19, with the market under increasing pressure from weak demand and the backwardation in London Metal Exchange spreads.

Over 90% of copper scrap products currently allowed into China could be eligible for renaming as recyclable copper raw materials next year, a senior representative of China Nonferrous Metals Industry Association’s (CMRA) recycling metal branch told delegates at Asia Copper Week in Shanghai.

The nickel briquette premium in the United States rose for the second consecutive week amid enlivened spot activity in the week to November 19, while premiums for all other grades in China and Europe remained unchanged on slack demand.

Recent falls in the manganese ore market will relieve the squeezed margins of European manganese alloys producers but may not prevent further output cuts, according to Kevin Fowkes, managing consultant at AlloyConsult.

What to read next
Read more from senior analyst Andy Farida on how the price action in LME nickel has played out in the first half of 2024
Tight aluminium scrap availability, the increase in container costs, sluggish demand in the US and the US market’s current indifference to rising premiums in Europe and Asia were the top subjects discussed during the Harbor Aluminum Summit that took place in Chicago on June 4-6
Germany-based copper recycling and non-ferrous metal provider Aurubis has started commissioning their secondary smelter in Augusta, Georgia, and could eventually introduce black mass recycling to the facility
Base metals on the London Metal Exchange were mixed in morning trading on Monday June 10, with three-month prices lacking direction amid thin traded volumes due a public holiday in China, the largest market for base metals
Copper concentrate treatment and refining charges have repeatedly fallen to record-low levels over the first five months of 2024
The publication of Fastmarkets’ assessments for the nickel briquette premium, delivered Midwest US and the nickel 4x4 cathode premium, delivered Midwest US for June 4 were delayed because of incorrect methodology application.