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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.

September 10, 2019
By Generic people page
Base metals Copper

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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