IN CASE YOU MISSED IT: 5 key stories from September 4

Here are five Fastmarkets MB stories you might have missed on Wednesday September 4 that are worth another look.

A sustained weakness in the United States’ Midwest aluminium premium and increased barge freight rates pushed the estimated arbitrage between Southeast Asian warehouses and the United States to an 18-month low.

Zinc premiums in Northern Europe have risen with falling zinc prices, while spreads on the London Metal Exchange went into backwardation. Meanwhile, lead premiums were broadly flat with many market participants attending an industry conference.

Atlantic Copper, Europe’s third largest copper smelter and refinery, has delayed intake of copper concentrates for up to two weeks, with primary smelting reduced to 40% capacity after an outage at its electric furnace, sources at the company told Fastmarkets.

After a period of correction that lasted for about three weeks, the price for Chinese cobalt metal has been given fresh strength by rising raw materials costs and tightened spot supply.

Flat steel producer ArcelorMittal Italia will “continue operations beyond” September 6 at its plant in Taranto, Italy, despite the country’s adoption of the so-called Crescita Decree law, the company said on September 4.

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The US aluminium industry is experiencing challenges related to tariffs, which have contributed to higher prices and premiums, raising questions about potential impacts on demand. Alcoa's CEO has noted that sustained high prices could affect the domestic market. While trade agreements might provide some relief, analysts expect premiums to remain elevated in the near term. However, aluminum demand is projected to grow over the long term, supported by the energy transition and clean energy projects. To meet this demand, the industry will need to increase production, restart idle smelters and address factors such as electricity costs and global competition.
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