The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
Supported by stronger market conditions and higher production capacity, the Brazilian aluminium industry will depend less on imports and will instead prioritize locally-produced metal in 2023, market participants told Fastmarkets
Fastmarkets has corrected its aluminium P1020A main Japanese ports (MJP) quarterly premium assessment to $85 per tonne from $86 per tonne for the first quarter of 2023.
Fastmarkets is proposing to amend its aluminium P1020A main Japanese ports (MJP) quarterly assessment methodology.
China’s automobile output and sales edged upward in 2022 from a year earlier, supported by the government’s policy to halve the purchase tax on vehicles as well as other policies aimed at promoting consumer activity
Buying appetite in China for high-purity copper scrap of overseas origin is expected to remain strong in 2023, with questions over the supply of domestic scrap in the country, and a growing trend to repurpose scrap materials as part of the decarbonization movement across the world
Growing uncertainty about end-user demand and input costs through 2022 has driven a change in consumer habits in Europe’s aluminium and steel markets, with traders foreseeing a continuation of hand-to-mouth buying going into 2023
Nonferrous scrap export volumes from the United States rose in October, with decreases in used beverage cans (UBCs), nickel and zinc scrap being offset by increases in aluminium, copper and lead scrap, according to the latest data from the US Department of Commerce. In year-to-date comparisons, however, only exports of aluminium scrap declined
Fastmarkets is extending the consultation period for its proposal to launch an assessment of the secondary aluminium billet premium, delivered duty paid Europe, for a further two weeks, following initial feedback on the proposed specifications.
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