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Electric vehicles are “the best thing to happen to the nickel market since the invention of stainless steel,” Nornickel’s marketing director told Fastmarkets in an interview, and his company’s high-quality sulfide ore deposits in Norilsk give the Russian mining company a competitive edge in the burgeoning battery market.
The Indian Supreme Court has given the go-ahead for ArcelorMittal to acquire Essar Steel, bringing an end to years of legal wrangles and giving the world’s largest steelmaker access to a much sought-after market.
Chilean copper miner Antofagasta Minerals has begun to settle annual copper concentrate supply contracts with smelters in Japan and China for 2020 supply, consolidating a benchmark set by US miner Freeport McMoRan and Chinese smelter Jiangxi Copper last week.
Having declared force majeure earlier this week, Anglo-Australian miner Rio Tinto is to resume shipments of aluminium from Canada after an eight-day rail strike came to an end.
Limited demand for rebar and low finished steel prices in Turkey are starting to have a big influence on deep-sea scrap deliveries, with Turkish mills stepping back from the market as a result.