IN CASE YOU MISSED IT: 5 key stories from June 8

Here are five Fastmarkets stories you might have missed on Monday June 8 that are worth another look.

Workers at Italian flat steel producer ArcelorMittal Italia will go on strike on Tuesday June 9 to protest job cuts, presented as part of new industrial plan, Italian trade unions Fim, Fiom and Uilm said on June 6.

The main workers’ union representing employees of Cobre Panamá, Utramipa, is pressuring Panamanian authorities to reopen the largest copper mine in Central America as soon as possible due to the suspension of labor contracts in late April, Fastmarkets heard.

The market for high-carbon ferro-chrome in Europe ticked up in the week to Friday June 5 with some producers holding out for higher prices in the face of weak demand.

Seaborne prices for both low and high-grade manganese ore in China tumbled to seven-week lows in the week to June 5 after some miners reduced offer prices for July-delivery cargoes significantly amid a bearish sentiment prevailing in the domestic market, sources said.

Spot cobalt hydroxide payables came off their recent highs during the second half of last week with consumers having completed the bulk of their recent restocking drive.

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Fastmarkets proposes to amend the frequency of the publication of several US base metal price assessments to a monthly basis, including MB-PB-0006 lead 99.97% ingot premium, ddp Midwest US; MB-SN-0036 tin 99.85% premium, in-whs Baltimore; MB-SN-0011 tin 99.85% premium, ddp Midwest US; MB-NI-0240 nickel 4x4 cathode premium, delivered Midwest US and MB-NI-0241 nickel briquette premium, delivered Midwest US.
The news that President-elect Donald Trump is considering additional tariffs on goods from China as well as on all products from US trading partners Canada and Mexico has spurred alarm in the US aluminium market at a time that is usually known to be calm.
Unlike most other commodities, cobalt is primarily a by-product – with 60% derived from copper and 38% from nickel – so how will changes in those markets change the picture for cobalt in the coming months following a year of price weakness and oversupply in 2024?
Copper recycling will become increasingly critical as the world transitions to cleaner energy systems, the International Energy Agency (IEA) said in a special report published early this week.
Fastmarkets proposes to lower the frequency of its assessments for MB-AL-0389 aluminium low-carbon differential P1020A, US Midwest and MB-AL-0390 aluminium low-carbon differential value-added product US Midwest. Fastmarkets also proposes to extend the timing window of these same assessments to include any transaction data concluded within up to 18 months.
Fastmarkets invited feedback from the industry on its non-ferrous and industrial minerals methodologies, via an open consultation process between October 8 and November 6, 2024. This consultation was done as part of our published annual methodology review process.