IN CASE YOU MISSED IT: 5 key stories from September 24

Here are five Fastmarkets MB stories you might have missed on Tuesday September 24 that are worth another look.

The long-lasting downtrend in the international scrap market, which has pushed prices to three-year lows this month, has led to the point where steelmakers which use electric-arc furnaces (EAFs) have a significant advantage over those equipped with blast furnaces (BFs), which use iron ore as a feed.

The majority shareholder of aluminium producer UC Rusal has called on the London Metal Exchange to require aluminium producers using the exchange to reveal their carbon footprint, according to an executive at the Russian company.

Five private copper smelters in China have halted production because processing at market terms has become unfeasible due to a combination of weakening demand for end products, a tight copper concentrates market and the higher costs of complying with pollution standards.

Miners launch cheaper offer prices for manganese ore in response to declining demand from China.

Belgium-based battery-materials manufacturer Umicore has reached a multi-year supply agreement with South Korean battery maker LG Chem for nickel-cobalt-manganese (NCM) cathode materials, Umicore said on September 23.

What to read next
After a consultation, Fastmarkets is increasing the publication frequency of its non-exchange-deliverable equivalent-grade (EQ) copper cathode premium, CIF Shanghai, from once a week to twice a week.
New plans to introduce block trades for bilaterally negotiated transactions on the London Metal Exchange are aimed at enhancing liquidity and transparency without harming the exchange’s core physical user base, chief executive officer Matthew Chamberlain told Fastmarkets.
The London Metal Exchange has unveiled a series of proposals which, if successful, could accomplish what it failed to achieve close to a decade ago: bringing the investment community into the fold.
The primary aluminium premium for duty-unpaid units in Rotterdam edged higher in the week to Tuesday September 3, while the wider European market found continued support from high replacement costs and tight nearby inventories despite slow consumer demand.
Market participants are converging on Bali in Indonesia for the Fastmarkets International Critical Minerals & Metals Summit (ICMMS) on September 5 and 6, so ahead of the event, we capture the main themes facing the global nickel market.
Fastmarkets has amended the MB-NI-0256 nickel low-carbon briquette premium, cif global to include all shapes of exchange deliverable Class 1 nickel metal.