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US Congressman accuses Alcoa, Century, Rio Tinto of anti-competitive behavior in aluminium market | Hotter Commodities
A US Congressman has alleged that aluminium producers including Alcoa, Century Aluminum and Rio Tinto have engaged in anti-competitive price collusion by not offering duty-free aluminium to buyers in the country’s beverage industry
February 8, 2024
·
By Andrea Hotter
Insights
Global aluminium premiums mixed amid low activity
Global primary aluminium premiums were mixed during the week to Tuesday February 7, mostly affected by weak spot demand and low activity in parts of Asia and in Brazil, while some markets remained supported amid growing tightness
February 8, 2024
·
By the Fastmarkets team, Imogen Dudman, Yasemin Esmen, Chay Chye Leng, Leticia Simionato
Insights
Low-carbon aluminium to become requirement for beverage and packaging industry: Ball Corporation
Interest in low-carbon aluminium from the beverage and packaging industry is growing and aluminium packaging company Ball Corporation is working to meet that increasing demand, Dan Fisher, chairman and chief executive officer, said during the company’s earnings call on Thursday February 1
February 2, 2024
·
By Yasemin Esmen
Insights
China accelerating green power aluminium development
China's aluminium industry has increased the development pace of green-power aluminium in recent years, by using more green power for electrolytic aluminium production to reduce carbon emission and also by actively pushing forward differentiation of the metal from its non-green-power counterpart
February 1, 2024
·
By Ruby Liu
Insights
Proposal to launch two Brazilian aluminium delivered premiums
Fastmarkets proposes to split the current Brazilian aluminium P1020A delivered premium by launching two new domestic premium assessments to better reflect the two-tier market created by the different state value-added tax (VAT) rates, known as the ICMS tax.
January 31, 2024
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By Leticia Simionato
Insights
The challenging world of Russian aluminium sanctions | Hotter Commodities
The London Metal Exchange is finding that when it comes to metal of Russian origin, and in particular aluminium, it can't please all of the people all of the time.
January 29, 2024
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By Andrea Hotter
Insights
Smelter closure to wipe nearly 30% of US aluminum capacity
In a letter to its employees seen by Fastmarkets on Wednesday January 24, the independently owned Magnitude 7 Metals LLC aluminium smelter in Marston, Missouri said it would curtail its operations over the course of the next three to five days, and that "most employees will no longer be required after January 28"
January 25, 2024
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By Yasemin Esmen
Insights
Norsk Hydro continues to flex portfolio, targets automotive, exec says | Hotter Commodities
Norsk Hydro is continuing to maximize its production of aluminium products for the automotive sector amid ongoing weak demand in end-use markets like construction, according to a senior executive at the Norwegian producer
January 23, 2024
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By Andrea Hotter
Insights
Alcoa in home stretch of 5-year portfolio review: CEO | Hotter Commodities
Alcoa is into the home stretch of its five-year portfolio review, which draws to a close in October, the chief executive officer of the US aluminium producer told Fastmarkets.
January 19, 2024
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By Andrea Hotter
Insights
Asian aluminium demand anticipated to gradually recover, sources say | 2024 preview
The Asian aluminium market is expected to continue its recovery in 2024 after it struggled to meet expectations in the prior year, market participants have told Fastmarkets
January 12, 2024
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By the Fastmarkets team, Ruby Liu, Chay Chye Leng
Insights
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