IN CASE YOU MISSED IT: 5 key stories from October 8

Here are five Fastmarkets MB stories you might have missed on Tuesday October 8 that are worth another look.

The world’s largest copper producer, Codelco, has offered customers in Asia 2020 copper cathode supply with premium levels unchanged from current levels, three informed sources told Fastmarkets.

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil were unchanged during the week to October 8 due to Golden Week – the week-long holiday to mark the country’s 70th anniversary.

Poor demand continues to weigh on Indian silico-manganese prices.

The European vanadium market continued its downtrend last week amid continuous weak demand and good spot availability.

The Rotterdam in-warehouse premiums for nickel cathode and briquette have continued to decline in the week ending October 8.

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The publication of Fastmarkets’ MB-PB-0086 lead 99.99% ingot premium, cif India and MB-PB-0087 lead 99.97% ingot premium, cif India assessments for Tuesday November 5 were delayed due to a reporter error.
Quarterly figures released by global miner Glencore on Wednesday October 30 showed that zinc concentrate output was dropping in a tight market while overall nickel output was down despite an increase in briquettes.
On Thursday October 24, the US Department of Treasury and the Internal Revenue Service (IRS) released the final rules regarding the Section 45X credits under the US Internal Revenues Code. The final rules clarify definitions and confirm credit amounts for eligible components, including solar and wind energy, inverters, qualifying battery components and applicable critical minerals. […]
Nickel premiums remained stable worldwide, with the London Metal Exchange's three-month nickel price hitting its lowest point since mid-September.
Imports of cobalt intermediates have continued to rise in China, with January-September volumes already exceeding that of the entire previous year. This excessive inflow has led to an enduring oversupply in the domestic cobalt market, sources have told Fastmarkets
Market participants disagreed over the cause of the long queues to withdraw aluminium from London Metal Exchange-registered warehouses at Port Klang in Malaysia, Fastmarkets heard on Thursday October 17