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"

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

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.

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

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