Fastmarkets is proposing to introduce fallback measures to its two Chinese vanadium fob price assessments amid a significant drop in spot liquidity in China’s vanadium export market.

Fastmarkets will discontinue its tin ingot premiums on a seaborne basis to China from the start of January.

Fastmarkets proposes to discontinue its iron ore implied pellet premium over 62% Fe fines, cfr Qingdao, $/tonne [MB-IRO-0080].

Fastmarkets has corrected its daily iron ore 65% Fe Brazil-origin fines index, which was published incorrectly on Thursday December 31 due to a calculation error.

Fastmarkets is proposing to amend the specifications of its magnesium fob China main ports price and magnesium exw China price to reflect the quality of the material produced in China.

The publication of Fastmarkets’ chrome ore South Africa UG2 concentrates index basis 42%, cif China, $/tonne and ferro-chrome lumpy Cr benchmark indicator, charge basis 52% (and high carbon), Europe, $/Ib for Tuesday October 27 were delayed because of a reporter error.

Fastmarkets is issuing a consultation on its proposal to discontinue pricing the physical tin markets on a seaborne basis to China.

After a consultation period, Fastmarkets will amend the pricing holiday schedule for its cobalt hydroxide payable indicator with public holidays in China instead of those in England and Wales.

Fastmarkets has discontinued the publication of three base metals premiums, devised via calculation, after a month-long consultation.

After a period of consultation, Fastmarkets will amend the specification of its spodumene cif China price and discontinue its fob Australia and 7-7.5% cif China prices to better reflect emerging norms in the spodumene market that serve the lithium battery-grade chemicals industry.