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    • Europe to redraw iron ore supply lines after Russia’s invasion forces Ukrainian miner to halt operations
      Europe will have to rethink its iron ore supply lines after major producer Metinvest was forced to shut three mining and processing operations, because of logistics issues caused by Russia's invasion of Ukraine, the GMK Center think-tank told Fastmarkets this week
      July 8, 2022
       · 
      By Paul Lim
      Insights
    • Hydro announces new investments to meet growing low-carbon aluminium demands from auto sector
      Norwegian aluminium company Norsk Hydro announced a fresh wave of investments on Thursday July 7, expanding the company’s use of post-consumer scrap and focusing on meeting low-carbon aluminium demand from the European automotive industry
      July 8, 2022
       · 
      By Imogen Dudman
      Insights
    • View from above of the pit of an open-pit copper mine in Chile
      Chilean tax reform sets royalties, tax for copper producers
      The Chilean government has introduced a tax reform bill that, among other measures, would raise mining royalties on companies that produce more than 50,000 tonnes per year of copper, according to a release from the country’s ministry of finance
      July 8, 2022
       · 
      By Yasemin Esmen
      Insights
    • Key Asia bulk import steel scrap markets record sharp rise amid pre-Eid buying
      A raft of bookings for steel scrap in both Turkey and Pakistan this week ahead of the Islamic holy festival of Eid al-Adha has led to an acute rise in offer prices to key Asia bulk markets, sources told Fastmarkets
      July 7, 2022
       · 
      By Lee Allen, Tianran Zhao
      Insights
    • US aluminium demand destruction
      Alumina market grapples with rising costs, Atlantic differential may switch direction
      The alumina sector is continuing to grapple with rising costs and weakening market conditions, while the Atlantic differential could switch direction due to refinery production cuts and aluminium smelter closures, sources told Fastmarkets.
      July 7, 2022
       · 
      By Carrie Bone
      Insights
    • Shagang cuts another $7 per tonne off steel scrap procurement price
      Shagang Group, China's largest privately-owned steel producer in Jiangsu province, East China, has announced a 50 yuan ($7) per tonne cut to its scrap procurement prices due to lower steel scrap consumption by domestic steel mills amid thin profits or even losses, market sources said
      July 6, 2022
       · 
      By Olivia Zhang
      Insights
    • Aluminium mating season: Three reasons why the 2023 negotiations won’t be like any other
      For 35 years, aluminium buyers, sellers and traders from all over the world have come together at the International Aluminium Conference to kick off the mating season. In the lobby and networking spaces of this event, careful negotiations take place between consumers looking to secure supply, traders looking for arbitrage windows and producers looking for long-term deals.This year’s mating season won’t be like any other. Here are three big reasons why.
      July 6, 2022
       · 
      Insights
    • EU annual imports of soybeans and meal fall by 6% and 4.5%, respectively
      Data from the European Commission shows imports down from previous marketing year
      July 6, 2022
       · 
      By Anna Platonova
      Insights
    • Alcoa will cut alumina production by up to 15% at San Ciprián on high gas prices
      Alcoa will reduce production at its San Ciprián alumina plant in Spain because of high natural gas prices, it said late last week.
      July 5, 2022
       · 
      By Carrie Bone
      Insights
    • A wheat field in Turkey, Black Sea
      Grains, meals and vegetable oils export: Russian government changes formula
      New tax set in rubles after huge drop
      July 5, 2022
       · 
      By Masha Belikova
      Insights
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