IN CASE YOU MISSED IT: 5 key stories from October 21

Here are five Fastmarkets MB stories you might have missed on Monday October 21 that are worth another look.

Brazilian apparent steel consumption was down by 6.4% in September, compared with the corresponding month in 2018, with demand retreating for both domestic and imported materials, national industry association Instituto Aço Brasil said on Thursday October 17.

Estimated global primary aluminium production fell by 3.2% month on month in September 2019, according to figures published by the International Aluminium Institute (IAI) on October 21

Unionised workers at Escondida, the world’s largest copper mine, have threatened strike action, and have called on miners across Chile to ‘paralyze’ the mining industry, after a state of emergency was declared at the weekend.

The global nickel market remained in the deficit in the first eight months of this year, with apparent demand exceeding production by 77,100 tonnes, according to figures released by the World Bureau of Metal Statistics (WBMS) last week.

Softening demand and ample availability caused manganese ore suppliers to cut their offer prices on Friday October 18.

What to read next
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.