market participants are carrying out their own tests for
asbestos in material produced by VSMPO-Avisma Corp. and
distributed by Noble Resources Corp. now that VSMPO has told
customers which containers could possibly be contaminated.
Customers received a notice from
VSMPO on Nov. 30, AMM sister publication Metal
Bulletin understands, stating that contamination has not
yet been confirmed but that if there is any asbestos content,
it is likely to be about 5 parts per million.
VSMPO is examining the
potentially affected containers for contamination, a process
that is expected to be completed by the end of the year,
Metal Bulletin understands.
Some market participants are
keen to expedite the process, however, and are looking at
carrying out independent testing.
"Ive had our (material)
tested because we spent a lot of money to have it
processedI dont just want to (have to) replace it,"
one producer said.
"We should have some news today
(Wednesday) or tomorrow," he added.
A distributor added that he is
looking at taking on material from other suppliers to make up
the shortfall. "Were lucky we have connections and
relationships with other producers," the distributor said.
Market participants should count
themselves lucky, furthermore, that the companies involved are
large players like VSMPO and Noble, a trader said.
"If it had been some small
producer that makes ferrotitanium in some dark garage, they
would probably disappear completely, and everybody else would
be faced with cleaning it up," he said.
Prices in Europe now stand at $8
to $8.25 per kilogram and are unlikely to move much before the
end of the year, as further clarification is expected and
"The FeTi price might go down a
touch or possibly trend a bit higher, but I dont think it
will be by much. There are not enough transactions out there to
move it," the producer said.
A version of this article was first
published by AMM sister publication Metal