IN CASE YOU MISSED IT: 5 key stories from September 26

Here are five Fastmarkets MB stories you might have missed on Thursday September 26 that are worth another look.

Traded volumes and open interest have remained high for the CME’s aluminium premiums futures contracts even after spot market volatility eased this year, Sean Kessler, manager of metals products at the Chicago Mercantile Exchange said on Wednesday September 25.

China’s domestic stainless steel prices rose late last week on costlier nickel, and maintained those gains over the first three days of this week.

The global refined copper market was in a deficit of 220,000 tonnes in the first half of 2019, up from a deficit of 177,000 tonnes in the same period in 2018, the International Copper Study Group (ICSG) said this week.

Mining and metallurgical group OM Holdings has warned that third-quarter manganese ore production at its Bootu Creek mine in Australia’s Northern Territory will drop by 103,000 tonnes following a fatality in August.

Current seaborne market conditions have prompted Vale to cut its iron ore pellet production guidance for 2019 to 43 million tonnes from 45 million tonnes previously, the Brazilian mining company said on September 26.

What to read next
Read more from senior analyst Andy Farida on how the price action in LME nickel has played out in the first half of 2024
Tight aluminium scrap availability, the increase in container costs, sluggish demand in the US and the US market’s current indifference to rising premiums in Europe and Asia were the top subjects discussed during the Harbor Aluminum Summit that took place in Chicago on June 4-6
Germany-based copper recycling and non-ferrous metal provider Aurubis has started commissioning their secondary smelter in Augusta, Georgia, and could eventually introduce black mass recycling to the facility
Base metals on the London Metal Exchange were mixed in morning trading on Monday June 10, with three-month prices lacking direction amid thin traded volumes due a public holiday in China, the largest market for base metals
Copper concentrate treatment and refining charges have repeatedly fallen to record-low levels over the first five months of 2024
The publication of Fastmarkets’ assessments for the nickel briquette premium, delivered Midwest US and the nickel 4x4 cathode premium, delivered Midwest US for June 4 were delayed because of incorrect methodology application.