Correction to rationale for alumina index, fob Australia on October 4

The publication of Fastmarkets’ price assessments of calcined alumina on Thursday October 3 were delayed due to a reporter error. Fastmarkets’ pricing database has been updated.

After assessing market feedback, Fastmarkets is extending by two weeks the consultation period for its proposal to launch an additional low-carbon differential for P1020 aluminium in Europe.

This week’s multiple announcements by the majority state-owned Saudi Arabian mining company Ma’aden that it was acquiring shares of aluminium producers in the region shows that the Middle Eastern aluminium industry has matured, according to Fastmarkets analyst Andy Farida

Australian alumina production remains “attractive” although heightened environmental-social-governance (ESG) considerations have been causing some tension recently, delegates said during a panel discussion at Fastmarkets’ International Aluminium conference in Athens, Greece, on September 10-12.

Fastmarkets has corrected its MB-ALU-0018 alumina index inferred, fob India, $/tonne; MB-ALU-0019 alumina index inferred, fob Indonesia, $/tonne; and MB-ALU-0020 alumina index inferred, fob Vietnam, $/tonne, which were published incorrectly from September 2 to September 9.

Fastmarkets has launched three inferred FOB alumina indices for Indonesia, Vietnam and India to its daily FOB Australia index after a successful consultation with the industry.

Fastmarkets launched a new alumina index for Indonesian material on Monday September 2 ahead of the International Critical Minerals and Mining Summit to be held in Bali later this week.

Amid the rising focus on environmental, social and governance (ESG) performance, the Australian mining industry faces a conundrum: maintain production at competitive levels or promote rigorous ESG standards

Copper market price speculation is driving the base metals narrative, head of research at UK-based services provider Sucden Financial Daria Efanova said during the company’s third-quarter metals webinar on Wednesday July 17.