Here are five Fastmarkets MB stories you might have missed on Friday February 1 that are worth another look.
Courts in Brazil have ruled that up to 12.6 billion Reais ($3.44 billion) of Vale's assets and resources
will be frozen after the rupture of a tailings dam at Vale's C??rrego do Feij??o iron ore mine, the miner stated on Friday February 1.
Market participants will take a cautious stance on steel raw materials in 2019, with the
possibly of falling iron ore and coking coal prices hanging over the market, Fastmarkets MB analyst Miriam Falk said.
Codelco's Chuqicamata flash copper smelter
will remain offline for at least a month longer than previously expected, with a large-scale upgrade at the plant experiencing delays, the company told Fastmarkets.
First Quantum Minerals
has resumed copper production at its Las Cruces mill in Spain after a land slippage last week, by processing lower-grade stockpiled ore.
Asian ferrous scrap prices are
riding surges in iron ore prices and much-needed restocking activity by steel mills and are continuing on an upward trend, Fastmarkets heard on February 1.