IN CASE YOU MISSED IT: 5 key stories from September 16

Here are five Fastmarkets MB stories you might have missed on Monday September 16 that are worth another look.

September 17, 2019

By Generic people page

Base metals Copper

Brazilian multi-metal and mining company Vale has announced plans to build a further two nickel smelters in Indonesia in joint ventures with China and Japan, the deputy chief executive officer of Vale Indonesia said in a Saturday September 14 news interview.

Newmont Goldcorp has suspended production at its Peñasquito mine in Mexico, which is again being blockaded by the local community there, the company said on Monday September 16.

Copper miner PT Freeport’s export license for copper concentrates has been tripled by the Indonesian Energy and Mineral Resources Ministry for the March 2019-March 2020 period, Fastmarkets has learned.

Major Vietnamese integrated steel producer Formosa Ha Tinh Steel Corp has lowered its offers for hot-rolled coil to be shipped and delivered in November by $51 per tonne amid a weakening international market for the flat steel product.

The active contract price for aluminum on the Shanghai Futures Exchange may rise as high as 15,000 yuan ($2,128) per tonne by the end of October 2019 on the back of tightening supply, market participants have told Fastmarkets.

What to read next

Hotter Commodities Junior Miners

Critical minerals boom boosts growth-stage juniors | Hotter Commodities

Capital is flowing back into junior mining, but selectively. Investment is increasingly favouring development‑stage assets with clearer paths to production, supported by government funding and strategic partnerships. While demand for critical minerals underpins the cycle, early‑stage explorers continue to struggle for capital as investors prioritise discipline, ESG alignment and near‑term cash flow.

April 30, 2026

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By Andrea Hotter

Copper smelter close up

Kamoa-Kakula Q1 copper concentrate output falls 54% year on year, Ivanhoe weighs third-party purchases

Copper in concentrate production from Ivanhoe Mines' Kamoa-Kakula complex in the Democratic Republic of Congo (DRC) fell to 61,906 tonnes in the first quarter, down by 54% from 133,120 tonnes a year earlier, with the company now evaluating local third-party concentrate purchases to advance the ramp-up of its on-site smelter, according to an April 13 production release as the market focused its attention on the impact of global sulfuric acid shortages during CESCO Week in Chile from April 13-17.

April 20, 2026

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By Julienne Raboca

CESCO Week 2026

10 topics in focus at CESCO Week 2026 as sulfuric acid upends the copper market

China's planned sulfuric acid export ban from May 1, historic lows for copper concentrates treatment and refining charges (TC/RCs) and a fragmenting 2026 benchmark system dominated CESCO Week 2026 in Santiago from April 13-17.

April 17, 2026

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By Julienne Raboca

Fastmarkets proposes changes to Asia copper concentrates index weighting, seeks feedback on normalization of gold and silver

The proposal would align the index more closely with physically traded volumes in the region, and enable it to adjust to evolving market conditions. This proposal follows an observed widening of the spread between trader and smelter purchase components of the index and is aligned with a majority of market feedback. Additionally, Fastmarkets seeks feedback […]

April 8, 2026

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By Fastmarkets pricing team

Steel

Aluminium’s challenge now beyond moving the metal | Hotter Commodities

Until now, aluminium has been hard to move, not hard to find. Global aluminium supply had remained technically intact, even as output was curtailed in parts of the Gulf, inventory buffers were drawn down or repositioned, and shipping through the Strait of Hormuz was severely disrupted.

April 2, 2026

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By Andrea Hotter

Water, Waterfront, Port

Aluminium in energy crossfire as Hormuz uncertainty drags on

Global aluminium producers face heightened uncertainty over power supplies, with oil and gas prices elevated by the closure of the Strait of Hormuz, through which around 20% of global oil and liquefied natural gas (LNG) flows, sources told Fastmarkets.

April 1, 2026

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By Madeline Morgan