IN CASE YOU MISSED IT: 5 key stories from November 22

Here are five Fastmarkets MB stories you might have missed on Friday November 22 that are worth another look.

Prices in Southeast Asia’s steel billet market rose in the week to November 22 as Chinese buyers continued to snap up material in the spot market, sources told Fastmarkets.

Japanese and Korean copper smelters are likely to follow the contract for 2020 treatment and refining charges (TC/RCs) settled by Jiangxi Copper and miner Freeport, with major Chinese smelters also likely to accept the number.

China’s domestic and cif China, Japan and Korea battery-grade lithium compound prices all fell to fresh 2019 lows on Thursday November 21, which market participants attributed to subdued downstream demand and a negative short-term outlook.

South African chrome miner Tharisa has warned that its earnings per share and headline earnings per share will drop by 79% year on year for the 12 months to September 30 2019, partly due to a decline in chrome concentrate prices.

Diplomats at the World Trade Organisation’s goods council have attacked the European Union over its plans to integrate titanium dioxide and cobalt into its health and safety laws, claiming this could impose unnecessary restrictions on exporting certain stainless steels to the EU.

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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.