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IN CASE YOU MISSED IT: 5 key stories from November 27

Here are five Fastmarkets MB stories you might have missed on Wednesday November 27 that are worth another look.

November 28, 2019
By Generic people page
Base metals Copper

Brazilian steelmaker Gerdau has agreed to buy 96.4% of Siderúrgica Latino-Americana (Silat) shares from Spanish group Hierros Añón for $110.8 million, in a shift from its divestment strategy of the past four years.

Shifting London Metal Exchange zinc and lead prices have dictated premiums this past week, overriding fundamental shortages from key suppliers.

Miner-trader Glencore suspended operations at its Mutanda copper-cobalt mine in the Democratic Republic of Congo (DRC) early this week – a month earlier than previously expected.

The London Metal Exchange’s cash-settled alumina futures contract, which is settled against a basket of prices that includes Fastmarkets’ index, has seen a flurry of activity on the January 2020 prompt date.

Nickel premiums have fallen in the United States over the past week on a year-end push for sales while rates in China are mixed and those in Europe are flat.

What to read next
Global spot copper markets mixed; China ticks up, US tight, Europe quiet
Asian spot copper premiums rose in the week ended Tuesday July 23, with premiums imported into China increasing on improved arbitrage terms. In the US market, supply failed to keep up with strong demand while in Europe participants were mostly off for the summer holidays
July 25, 2024
 · 
By Albert MacKenzie
Adult, Female, Person
Freeport-McMoRan’s Kathleen Quirk says copper scarcity means companies are buying rather than building new supply
In the fourth episode of Fastmarkets critical minerals podcast Fast Forward, Freeport-McMoRan CEO and president Kathleen Quirk tells host Andrea Hotter why there's a preference to build and not build new supplies of copper right now
July 25, 2024
Steel, Aluminium, Blade
Demand for aluminium in green transition supporting otherwise challenging downstream markets: Norsk Hydro CEO
Demand for primary aluminium from the green transition remains a “brighter spot” for consumption amid an otherwise challenging downstream demand outlook, Eivind Kallevik, Norsk Hydro’s chief executive officer and president, told Fastmarkets in an exclusive interview on Tuesday July 23
July 24, 2024
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By Imogen Dudman
ACG’s Gediktepe deal first step in creating mid-tier copper producer | Hotter Commodities
Acquisition Company Limited (ACG) has agreed to buy the Gediktepe mine in Turkey — the company’s first deal as it works to build a sizeable mid-tier copper producer, its chairman and chief executive officer told Fastmarkets.
July 24, 2024
 · 
By Andrea Hotter
Metalworking, Person, Machine
Speculative interests in copper driving base metals narratives, says Sucden Financial
Copper market price speculation is driving the base metals narrative, head of research at UK-based services provider Sucden Financial Daria Efanova said during the company’s third-quarter metals webinar on Wednesday July 17.
July 23, 2024
 · 
By Natasha Porter
CMOC cobalt production soars by 178% in H1 2024, straining an already oversupplied market
Chinese mining giant CMOC reported a 178% year-on-year increase in cobalt metal production for the first six months of 2024, according to an announcement by the company on Friday July 12
July 18, 2024
 · 
By Alexander Cook