Backed by the German government and armed with decades of commodities trading experience, Securing Energy for Europe (SEFE) is moving into metals with a deliberate, risk-managed strategy designed to bridge the worlds of energy and industry, a company executive has said.

Fastmarkets has corrected its MB-ALU-0002 Alumina index, fob Australia, which was published incorrectly on Monday October 20 due to a procedural lapse. Fastmarkets has also corrected all the related inferred indices.

Soybean futures on the Chicago Mercantile Exchange were unchanged on Wednesday October 15 amid positive data on US soybean demand, although concerns over the US-China trade war persisted.

Rising energy costs and policy decisions are shaping the future of US aluminium smelting. Domestic production, investment and competitiveness depend on low-cost power, tariff impacts and the transition to renewable and nuclear energy sources.

Fastmarkets launches MB-IRO-0193 Iron ore 62% Australia-origin lump ore premium, cfr Qingdao, US cents/dry metric tonne unit (dmtu) on Tuesday October 21.

The Aluminum Association has called for an export ban on used beverage container (UBC) scrap from the US to countries outside of North America, arguing that aluminium scrap should be treated as a strategic asset in a white paper released on Tuesday October 14.

US and European wheat futures were little changed near multi-year lows on Monday October 20, with market participants weighing abundant global supply, reports of hedge fund short covering and a rare USDA data release.

Fastmarkets has launched AG-TLW-0040 Bleachable fancy tallow, delivered California, cts/lb on Monday October 20.

Fastmarkets has corrected the rationale for its MB-AL-0287 aluminium 6063 & 6060 extrusion billet premium, cif Brazilian main pors, which was published incorrectly on Friday 17 October.

Treatment charges (TCs) for zinc concentrates shipped into China increased in the two weeks to Friday October 10, with deteriorating import arbitrage conditions driving smelters to push for another increase in the processing fees, sources told Fastmarkets.