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LME decides not to ban Russian metal, keeps ‘status quo’
The London Metal Exchange has decided not to ban or otherwise change how it deals with Russian metal, the exchange said on Friday November 11
November 14, 2022
·
By Orla O'Sullivan
Insights
US revokes Russia’s market economy status; import duties likely to rise
The United States Department of Commerce revoked Russia’s market economy status on Thursday, November 10, which is likely to lead to higher duties on aluminium imported from Russia and could potentially boost US aluminium premiums, sources told Fastmarkets
November 11, 2022
·
By Orla O'Sullivan
Insights
US aluminium premiums continue to move higher amid wider global downtrend
Aluminium premiums in Europe and Japan continued to move lower in the week to Tuesday November 8, under pressure from weak consumer demand, while premiums in the United States bucked the downtrend for a second week despite uncertainty over the midterm elections there
November 10, 2022
·
By Carrie Bone, Orla O'Sullivan, Imogen Dudman, Jinfan Yang
Insights
Inclusion of indirect emissions in CBAM could jeopardize EU decarbonization ambitions: European Aluminium
Industry association European Aluminium has warned of the negative impact of including indirect emissions in the European Union’s Carbon Border Adjustment Mechanism (CBAM)
November 9, 2022
·
By Josh Fulton
Insights
US aluminium scrap imports decline in September vs August
Imports of aluminium scrap into the United States fell by 9.61% month on month in September, with decreases recorded in all import categories, according to the latest data from the US Department of Commerce
November 8, 2022
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By Kirstyn Petras
Insights
Proposal to launch European secondary aluminium billet premium
Fastmarkets proposes to launch a secondary aluminium billet delivered duty paid Europe premium in response to the recent growth in the secondary market.
November 4, 2022
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By Carrie Bone
Insights
Low-carbon aluminium demand expected to grow exponentially by 2030, McKinsey says
Demand for low-carbon aluminium, steel and copper is expected to grow by 2030, consultancy firm McKinsey said in a report published on Friday, October 28
November 3, 2022
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By Justin Yang
Insights
US Midwest aluminium premium turns upward after falling since May
The US Midwest aluminium premium for P1020A material rose for the first time in 36 assessments on Tuesday November 1, with most US market participants expecting there to be further upside
November 2, 2022
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By Orla O'Sullivan
Insights
Possible change in China’s zero-Covid policy drives base metals prices up; nickel up 8.2%
Three-month prices for base metals on the London Metal Exchange all rose at the 5pm close of trading on Tuesday November 1, with nickel’s price increasing by 8.2%
November 1, 2022
·
By Albert MacKenzie
Insights
European steel and aluminium sectors call for cautious implementation of carbon import levy
Trade body European Aluminium and the European steel association, Eurofer, have teamed up with other sectors facing a proposed carbon levy on imports, to call for a gradual implementation of the new regulations supporting the EU's transition to climate neutrality by 2030
November 1, 2022
·
By Holly Chant
Insights
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