Norwegian aluminium company Norsk Hydro announced a fresh wave of investments on Thursday July 7, expanding the company’s use of post-consumer scrap and focusing on meeting low-carbon aluminium demand from the European automotive industry
For 35 years, aluminium buyers, sellers and traders from all over the world have come together at the International Aluminium Conference to kick off the mating season. In the lobby and networking spaces of this event, careful negotiations take place between consumers looking to secure supply, traders looking for arbitrage windows and producers looking for long-term deals.
This year’s mating season won’t be like any other. Here are three big reasons why.
Surging energy prices in Europe have led to fresh concerns about aluminium production across the continent, with market participants mulling the possibility of additional smelter cuts
Europe’s base metals market has been plagued by logistical issues for the majority of 2022, and the most recent strike by workers at the Port of Hamburg in Germany will add to these woes, participants told Fastmarkets
European aluminium premiums have fallen from recent record highs in the week ended Wednesday June 15 due to increasingly bearish sentiment and a drop off in spot demand, but there is disagreement in the market about how far spot premiums can drop in current conditions
Demand for low-carbon aluminium in Europe has been steadily increasing, and offer prices for 2023 and beyond were steadily rising, market participants told Fastmarkets on Monday, June 6
Availability and the costs of trucking are now starting to significantly impact the flow of material in continental Europe, putting pressures on supply chains and keeping base metals premiums elevated, participants have told Fastmarkets
