IN CASE YOU MISSED IT: 5 key stories from October 30

Here are five Fastmarkets MB stories you might have missed on Wednesday October 30 that are worth another look.

The GFG Alliance will consolidate all of its steel businesses into one global group named Liberty Steel Group by the end of this year and align them with a strategy for carbon-neutral operations by 2030.

Japanese copper producer Pan Pacific Copper (PPC) has offered its Chinese customers copper cathode supply in 2020 at a premium of $83 per tonne cif Shanghai, $3 per tonne lower than 2019’s level, two sources familiar with the matter told Fastmarkets on Wednesday October 30.

South Africa’s manganese ore exports hit record levels of over 1.8 million tonnes in September and October 2019, shipping data shows.

The world’s third biggest zinc mine, Antamina, is set to challenge for the top production spot next year.

China’s imports of cobalt intermediates, including cobalt hydroxide, surged by 24.5% in July-September versus the prior quarter amid extensive procurement from Chinese consumers, who looked to take advantage of falling cobalt raw material prices during the period.

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.