WEEK IN BRIEF: Amnesty cobalt report; Iran sanctions lifted; Votorantim cuts nickel output; South32 cuts debt; IFMSA sale

Metal Bulletin reviews some of the key news from the past five days in the metals markets.

A report from Amnesty International this week outlined allegations including the use of child labour and a lack of safety precautions in artisanal cobalt mining in the Democratic Republic of Congo. The NGO called for action to guard against human rights abuses in the industry. Over the coming days, Metal Bulletin will look in-depth at the allegations and recommendations made by Amnesty, and the reaction of the wider cobalt industry. Meanwhile, cobalt traders Nick French and Steve English will leave SFP Metals having spent 16 years working together there, when the company closes its London office next Friday. Base metals prices staged a modest rally on the LME this week, despite uncertainty in the oil and equities markets. The USA has, with a few exceptions, dropped secondary sanctions on Iran (those relating to non-US persons), covering banking, shipping and metals, clearing the way for trade with Iran to resume. Here, legal experts...


Charlotte Radford

January 22, 2016

17:54 GMT