Five associations representing carbon-intensive industries in Europe have joined forces to demand changes to the scope of the European Union’s Carbon Border Adjustment Mechanism (CBAM). Signed on Wednesday, January 25, one of the five signatories to the joint statement, the European steel association Eurofer, released the statement to the public domain on January 27. The […]

The publication of Fastmarkets’ assessment of the Japan aluminium 6063 extrusion quarterly billet premium, cif MJP for the first quarter of 2021 was delayed due to a reporter error. The aluminium 6063 extrusion quarterly billet premium, cif MJP, is a quarterly premium and is normally published on the third Friday of the first month of […]

Six things you need to know about base metals markets in 2022

The United States and the United Kingdom have initiated bilateral talks to hash out the future of Section 232 tariffs on steel and aluminium imports into the US, and retaliatory UK tariffs on certain US exports. US Commerce Secretary Gina Raimondo, US Trade Representative Katherine Tai and UK Secretary of State for International Trade Anne-Marie […]

European aluminium premiums continued to rise in the week to January 10, pushed up by extended curtailment announcements and surging energy prices across the continent

The company is looking to reduce its carbon emissions by more than 1 million tonnes per year

Concerns about the state of the magnesium market have persisted into 2022 after a volatile 2021 – a year in which consumers had to contend with an acute shortage of material

Market participants expect prices for aluminium scrap and secondary ingot to remain robust in 2022, with demand from the automotive sector anticipated to pick up by the second half of the year. Despite a recent sharp decline in price levels for European secondary ingot DIN226, participants are hopeful that higher levels will return in the […]

Sharp rises in carbon and energy costs, along with the introduction of “green steel” in Europe, will lead to changes to traditional pricing mechanisms in 2022, Fastmarkets understands. Some steelmakers have already started to implement surcharges for carbon and energy costs, whereas previously production costs have been included in the base prices of the steel […]

China’s focus on slashing carbon emissions will force longer-term changes in western aluminium trading and supply chains in the years ahead