IN CASE YOU MISSED IT: 5 key stories from October 29

Here are five Fastmarkets MB stories you might have missed on Tuesday October 29 that are worth another look.

The decline in Asian hot-rolled coil prices has continued to apply downward pressure on slab prices in the region, sources told Fastmarkets.

The copper market is largely shrugging off the positive price effects of supply constraints and is focusing its attention on the negative consequences on growth of the trade wars, the chief executive officer of Freeport-McMoRan has said.

The London Metal Exchange announced this week that industry members will form a committee to represent the views and interests of lithium stakeholders while the exchange plans the launch of a lithium futures contract.

Indonesian officials said on October 29 that their country’s ban on the export of nickel ore will begin in January 2020, as previously scheduled, once a review of irregular ore exporting practices is concluded.

The European ferro-silicon market backtracked over the past week, erasing recent gains as demand in the region tailed off, while US and Chinese prices both held amid lackluster trading activity.

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The United States' copper recycling industry is ramping up pressure on policymakers to impose some form of export controls on high-purity copper scrap, arguing that current trade dynamics – particularly with China – are distorting prices, weakening domestic capacity and undermining national security goals.
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US copper scrap market participants are shifting from COMEX to LME pricing in response to extreme price volatility and a new 50% copper import tariff. The change is influencing discount formulas, export strategies and long-term trading dynamics across the sector.