Fastmarkets has amended its aluminium P1020A (MJP) quarterly premium assessment methodology.

More than 100,000 tonnes of aluminium were delivered into London Metal Exchange warehouses in Gwyangyang, South Korea, on the morning of Wednesday February 8

Fastmarkets’ Shanghai-London arbitrage calculations for aluminium were published incorrectly on January 30-February 3 due to a formula error.

The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30

Supported by stronger market conditions and higher production capacity, the Brazilian aluminium industry will depend less on imports and will instead prioritize locally-produced metal in 2023, market participants told Fastmarkets

Fastmarkets has corrected its aluminium P1020A main Japanese ports (MJP) quarterly premium assessment to $85 per tonne from $86 per tonne for the first quarter of 2023.

Fastmarkets is proposing to amend its aluminium P1020A main Japanese ports (MJP) quarterly assessment methodology.

China’s automobile output and sales edged upward in 2022 from a year earlier, supported by the government's policy to halve the purchase tax on vehicles as well as other policies aimed at promoting consumer activity

Buying appetite in China for high-purity copper scrap of overseas origin is expected to remain strong in 2023, with questions over the supply of domestic scrap in the country, and a growing trend to repurpose scrap materials as part of the decarbonization movement across the world

Growing uncertainty about end-user demand and input costs through 2022 has driven a change in consumer habits in Europe’s aluminium and steel markets, with traders foreseeing a continuation of hand-to-mouth buying going into 2023