IN CASE YOU MISSED IT: 5 key stories from September 9

Here are five Fastmarkets MB stories you might have missed on Monday September 9 that are worth another look.

European authorities have approved an adjustment to the safeguard quota system, lowering the annual quota increase amount to 3%, as part of a review of the existing safeguard mechanism on September 4, market sources told Fastmarkets on Friday September 6.

Spot copper concentrates treatment and refining charges (TC/RCs) edged up in the first week of September with Chinese smelters adhering to the pricing floor and traders bidding less aggressively due to a cautious fourth-quarter outlook.

Strong gains in nickel prices since the start of the month and the expectation that this strength will persist are likely to slow the pace of nickel-rich battery adoption in the electric vehicle (EV) market in the near term, market participants told Fastmarkets.

European aluminium scrap prices universally dipped on September 6 with the effects of China’s moratorium on non-ferrous scrap imports finally being felt amid a loosening scrap supply picture.

Manganese ore prices continued to soften over the past week, after a reduction in the September prices for silico-manganese further damped sentiment in the market.

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Fastmarkets will discontinue its consumer buying price assessments for machine shop turnings in the Cleveland and Pittsburgh markets effective Tuesday June 6.
Fastmarkets has decided to proceed with the launch of a new European low carbon ferro-chrome price covering material with lower chrome content.
Fastmarkets invites feedback on a proposal to increase the publication frequency of non-exchange-deliverable equivalent-grade (EQ) copper cathode premium, cif Shanghai, from once every two weeks to once every week.
The outlook for North American steel scrap prices has headed further into bearish territory ahead of June’s trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May
Fastmarkets is inviting feedback on a change of publishing time for our ferro-chrome price in the Chinese domestic market as well as ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.
Fastmarkets is inviting feedback on a proposal change the publishing time for our silico-manganese, ferro-manganese and manganese ore port prices in China, to 5-6pm Shanghai time from 2-3pm London time.
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