Secondary aluminium markets in Europe should be significantly influenced by the availability of scrap through this year, with the rate of exports to Asia from Europe playing a key role in shaping price trends for ingot, according to industry sources

The market is now regaining momentum, with traders expecting further premium jumps once consumer activity picks up post-holidays

This increase was most notable in Rotterdam and Italy, reaching their highest levels since October 2023, underscoring the market's sensitivity to global events

After a 30-day consultation period, Fastmarkets has amended the frequency of the assessment of the MB-AL-0020 Aluminium P1020A premium, ddp Midwest US, from twice-weekly to daily.

One of the last five aluminium smelters in the United States – the privately owned Magnitude 7 Metals LLC smelter in Marston, Missouri – is considering closing if a buyer is not found, Fastmarkets has learned

A recent clarification of the Section 45X tax credit under the Inflation Reduction Act (IRA) that includes aluminium in the critical minerals list will help boost domestic production, according to aluminium producers in the United States

The aluminum billet markets in the key global locations of Europe, Brazil and Thailand softened in the month to Friday December 15, while the US market edged higher

Find out how days before the 2023 United Nations Climate Change Conference (COP28) in Dubai, the World Economic Forum (WEF) outlined three key areas of investment for the global aluminium industry to reach net zero by 2050 – clean energy, emerging technologies and decarbonization infrastructure – but it will require hundreds of billions of dollars

After an extended consultation period, Fastmarkets will launch two new European aluminium low-carbon value-added product (VAP) differentials to complement its existing low-carbon offering in Europe and begin the phased discontinuation of the existing MB-AL-0382 aluminium low-carbon value-added product differential.

“The [Department] has a set of tools through the Inflation Reduction Act [IRA] and the Bipartisan Infrastructure Law,” Annie Sartor, aluminum campaign director at clean industry advocate group Industrious Labs, said. “They are open to talking about what the industry needs. When we said the current investments were not enough, they were open to conversation,” […]