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Global spot copper markets mixed; China ticks up, US tight, Europe quiet
Asian spot copper premiums rose in the week ended Tuesday July 23, with premiums imported into China increasing on improved arbitrage terms. In the US market, supply failed to keep up with strong demand while in Europe participants were mostly off for the summer holidays
July 25, 2024
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By Albert MacKenzie, Sally Zhang, Rae Boyadjis
Insights
Demand for aluminium in green transition supporting otherwise challenging downstream markets: Norsk Hydro CEO
Demand for primary aluminium from the green transition remains a “brighter spot” for consumption amid an otherwise challenging downstream demand outlook, Eivind Kallevik, Norsk Hydro’s chief executive officer and president, told Fastmarkets in an exclusive interview on Tuesday July 23
July 24, 2024
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By Imogen Dudman
Insights
ACG’s Gediktepe deal first step in creating mid-tier copper producer | Hotter Commodities
Acquisition Company Limited (ACG) has agreed to buy the Gediktepe mine in Turkey — the company’s first deal as it works to build a sizeable mid-tier copper producer, its chairman and chief executive officer told Fastmarkets.
July 24, 2024
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By Andrea Hotter
Insights
Speculative interests in copper driving base metals narratives, says Sucden Financial
Copper market price speculation is driving the base metals narrative, head of research at UK-based services provider Sucden Financial Daria Efanova said during the company’s third-quarter metals webinar on Wednesday July 17.
July 23, 2024
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By Natasha Porter
Insights
Drop in European manufacturing tightens aluminium scrap availability
Aluminum scrap generation in Europe is expected to decrease in the current quarter due to lower demand from downstream metal producers amid the domestic seasonal summer slowdown, according to the latest market overview from the Bureau of International Recycling (BIR)
July 17, 2024
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By Declan Conway
Insights
Biden imposes ‘melt and pour’ requirement for Mexican steel, aluminium imports
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
July 11, 2024
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By Yasemin Esmen, Alesha Alkaff
Insights
Hydro, Porsche sign agreement for green aluminium in auto industry’s latest effort to decarbonize
Norway-based aluminium producer Hydro and German car manufacturer Porsche signed a long-term agreement on Tuesday July 9 for supply of low-carbon aluminium to further decarbonize the supply chain of Porsche’s sports cars. The agreement follows the letter of intent signed in April
July 11, 2024
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By Yasemin Esmen
Insights
Indonesian government looking to ease bauxite export ban
The Indonesian government is looking to ease its export ban on bauxite, sources familiar with the matter have told Fastmarkets
July 8, 2024
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By Ruby Liu, Laura Roberts, the Fastmarkets team
Insights
Russia’s war in Ukraine boosts copper demand
Russia's war against Ukraine is using millions of copper-containing shells, which has increased demand for the red metal, sources told Fastmarkets
July 8, 2024
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By James McKeigue
Insights
Argentina’s new investment regime a potential boon to copper projects
A new incentive program for companies with large investments in Argentina might unlock the country’s mining potential in the medium term, market participants recently told Fastmarkets
July 4, 2024
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By Renato Rostás
Insights
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