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The metals and mining markets are constantly changing. Stay connected to the stories driving change across the global metals markets, including the lasting effect of Russia’s invasion of Ukraine, energy price hikes, trade flow disruptions and the pull of decarbonization targets.
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Dive deeper into the stories impacting your markets with Fastmarkets’ in-depth news and analysis of the global metals market
The iron ore market has been on a general uptrend so far in 2019, with prices hitting their highest levels since late April 2014. The market has been focused on the effects exerted by the supply side and especially China’s restrictions on blast furnace operations, which may have the greatest influence on prices.
Despite China’s ban of low-quality copper scrap imports since the beginning of 2019, the volume of copper units contained in scrap imports has defied expectations by rising in the first five months of this year.
ArcelorMittal has begun the revamp of a blast furnace in Brazil earlier than planned, and has also temporarily stopped operations at a rebar facility in the country due to market conditions.
The outcome of the Group of 20 (G20) summit in Japan that was held on June 28-29, saw the United States and China agree to resume trade talks, which has boosted optimism for a trade deal.
Copper prices on the Shanghai Futures Exchange were up during morning trading on Monday July 1, buoyed by easing risk aversion after US President Donald Trump and China’s Xi Jinping agreed to a ceasefire on trade over the weekend.
Here are five Fastmarkets MB stories you might have missed on Friday June 28 that are worth another look.
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