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

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

Anglo American has raised the 2019 iron ore production guidance for its Minas Rio operations in Brazil while maintaining the one for its Kumba operations in South Africa.

Europe’s largest copper producer, Aurubis, has announced its annual copper cathode premium for 2020 at $96 per tonne, unchanged from last year’s level, the company confirmed to Fastmarkets on October 22.

Chinese vanadium exporters continued to lower offers amid minimal buying interest abroad, while European and US ferro-vanadium prices continued to suffer from lackluster consumer interest.

Around 15,000-30,000 tonnes of nickel cathode has been transferred from the Shanghai bonded zone to London Metal Exchange-registered warehouses in Southeast Asia since September amid attempts by market participants to avoid incurring steeper losses by importing the metal into China against prevailing discounts, sources told Fastmarkets.

The Chinese domestic silico-manganese price continued to fall during the week ended Friday October 18 on abundant alloy supply and declining ore prices.

What to read next
The consultation, which is open until October 28, 2022, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials, as part of its announced annual methodology review process.
Fastmarkets wishes to clarify in this pricing notice its current methodological approach to Russian brands in its metals and mining pricing assessment process after Russia’s unprovoked invasion of Ukraine.
Fastmarkets’ Shanghai-London arbitrage calculations for base metals were published incorrectly on Wednesday September 28 due to a reporter error,
Is the ‘green’ advantage held by steel companies in the US at risk as the market adopts a more rigorous approach to reducing Scope 3 emissions?
Spot demand for aluminium is softening and Rotterdam premiums now, at the end of September 2022, are at a nine-month low, so market participants are considering whether Europe remains an attractive destination for imports
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed