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LME base metals prices mixed; China on holiday
Base metals on the London Metal Exchange were mixed in morning trading on Monday June 10, with three-month prices lacking direction amid thin traded volumes due a public holiday in China, the largest market for base metals
June 10, 2024
·
By Albert MacKenzie
Insights
North American aluminium industry needs $60 billion investment to reach net zero by 2050: Aluminum Association
To reach the International Energy Agency’s (IEA) net zero by 2050 goals, the North American aluminium industry needs around $60 billion in private and public investment, according to a May 29 report by the Aluminum Association and the environmental consulting firm ICF
June 3, 2024
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By Yasemin Esmen
Insights
Hydro working on three major decarbonization projects under new CEO
Norway-based aluminium producer Hydro has several plans for decreasing its carbon footprint, new chief executive officer Eivind Kallevik told Fastmarkets on Tuesday May 28.
May 30, 2024
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By Yasemin Esmen
Insights
Base metals prices defy weak demand in moves up – what happened this week?
Supply disruption and financial speculation helped most base metals prices hit 2024 highs in the week to Friday May 24, yet demand remains mostly muted
May 28, 2024
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By the Fastmarkets team, Albert MacKenzie, Imogen Dudman, James McKeigue, Natasha Porter
Insights
US looks to decarbonize aluminium industry, spurred by policy and demand
A surge in recycling capacity in the US aluminium industry is coming in the next few years while for now it continues to meet most of its primary aluminium needs from Canada.
May 22, 2024
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By Yasemin Esmen
Insights
Biden hikes tariffs on Chinese imports; steel, aluminium, electric vehicles among sectors targeted
US President Joe Biden will increase tariffs on Chinese imports including steel and aluminium, electric vehicles, semiconductors and advanced batteries, to counteract China’s “unfair” trading practices, he announced on Tuesday May 14
May 17, 2024
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By Alesha Alkaff
Insights
Mexican tariffs said to already be affecting aluminium supply chain and premiums
The new tariffs on aluminium imports imposed by Mexico are affecting the light metal's supply chain, trade flows and premiums, sources told Fastmarkets during the week to Friday May 3.
May 7, 2024
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By Renato Rostás, Imogen Dudman, Leticia Simionato
Insights
First publication of low-carbon nickel briquette premium reflects regional differences
Fastmarkets' initial low-carbon premium for nickel briquettes captured existing regional price differences, with growing awareness and legislative incentives indicating there is potential for a strong market to emerge
May 2, 2024
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By Callum Perry
Insights
Brazil increases import duty to 25%; quotas include HRC, CRC, HDG, Galvalume, tubes
The Brazilian Executive Management Committee for the Foreign Trade Chamber (Gecex-Camex) decided to increase steel import duties during one year to 25%, while establishing import volume quotas for 11 steel products, according to a document published on Tuesday April 23
April 25, 2024
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By Renato Rostás, Ana Enis, Gabriela Brumatti
Insights
US low-carbon aluminium units command premium for first time
The low-carbon aluminium differential in the US made its first move on Friday April 5 since Fastmarkets launched it five months ago.
April 19, 2024
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By Yasemin Esmen
Insights
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