IN CASE YOU MISSED IT: 5 key stories from September 25

Here are five Fastmarkets MB stories you might have missed on Wednesday September 25 that are worth another look.

Global long steel consumption was expected to reach 851 million tonnes in 2019, up by 2.4% year on year although mounting political uncertainties such as trade wars and the UK’s intended exit from the EU may soften this growth, according to steelmaker Celsa.

Despite concerns of low prices and poor demand, the aluminium market still has growth potential due to the automotive industry, McKinsey & Company’s Benedikt Zeumer said at Fastmarkets’ International Aluminium Conference held in Athens, Greece.

The Shanghai copper cathode premium moved higher in the week to Tuesday September 24, with continued opportunities in the London-Shanghai arbitrage prompting increased market interest, while flat demand caps premiums in Europe and the United States.

Fastmarkets outlines some of the key topics likely to dominate discussions when participants of the battery raw materials and electric vehicle supply chain gathers in Amsterdam this week.

The lingering electricity restrictions in Inner Mongolia in China, which disrupted domestic silico-manganese production, failed to provide any support to the alloy price but dampened local alloy smelters’ manganese-ore purchasing appetite, market sources told Fastmarkets.

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Market reactions to the soon-to-be-implemented US copper tariff are driving short-term volatility and supply imbalances while fuelling long-term efforts to expand domestic production, recycling and infrastructure.
US export controls on recycled copper would have unintended consequences that could weaken the country’s domestic recycling and manufacturing ecosystems, the president of the Recycled Materials Association (ReMA) said.
The publication of Fastmarkets’ assessments for nickel 4x4 cathode, nickel briquette and nickel uncut cathode premiums in-whs Rotterdam was delayed on Tuesday July 16 because of a reporter error.
Fastmarkets has corrected its alumina index inferred prices, which were published incorrectly on Tuesday July 15.
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.
Fastmarkets launched two new price assessments for Indonesia’s domestic trade in nickel ore on Tuesday July 15. The two price assessments are for domestic trades of Indonesian laterite ores with 1.6% and 1.2% nickel content. Indonesia now accounts for 60% of the global nickel supplies and while there is an official government reference price, known […]