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US Congressman accuses Alcoa, Century, Rio Tinto of anti-competitive behavior in aluminium market | Hotter Commodities
A US Congressman has alleged that aluminium producers including Alcoa, Century Aluminum and Rio Tinto have engaged in anti-competitive price collusion by not offering duty-free aluminium to buyers in the country’s beverage industry
February 8, 2024
·
By Andrea Hotter
Insights
Global aluminium premiums mixed amid low activity
Global primary aluminium premiums were mixed during the week to Tuesday February 7, mostly affected by weak spot demand and low activity in parts of Asia and in Brazil, while some markets remained supported amid growing tightness
February 8, 2024
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By the Fastmarkets team, Imogen Dudman, Yasemin Esmen, Chay Chye Leng, Leticia Simionato
Insights
China accelerating green power aluminium development
China's aluminium industry has increased the development pace of green-power aluminium in recent years, by using more green power for electrolytic aluminium production to reduce carbon emission and also by actively pushing forward differentiation of the metal from its non-green-power counterpart
February 1, 2024
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By Ruby Liu
Insights
Proposal to launch two Brazilian aluminium delivered premiums
Fastmarkets proposes to split the current Brazilian aluminium P1020A delivered premium by launching two new domestic premium assessments to better reflect the two-tier market created by the different state value-added tax (VAT) rates, known as the ICMS tax.
January 31, 2024
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By Leticia Simionato
Insights
Seasonal watch | Copper enters its brightest seasonal phase
February is set to be the best month for copper prices after a challenging start to the new year
January 31, 2024
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By Boris Mikanikrezai
Insights
The challenging world of Russian aluminium sanctions | Hotter Commodities
The London Metal Exchange is finding that when it comes to metal of Russian origin, and in particular aluminium, it can't please all of the people all of the time.
January 29, 2024
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By Andrea Hotter
Insights
China’s refined nickel export volume soars in 2023
Volume of refined nickel exported by China soared in 2023, official customs data released on Monday January 22 shows, after new entrants in the refining business stepped up their sales efforts in the overseas market
January 26, 2024
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By Dylan Duan
Insights
Smelter closure to wipe nearly 30% of US aluminum capacity
In a letter to its employees seen by Fastmarkets on Wednesday January 24, the independently owned Magnitude 7 Metals LLC aluminium smelter in Marston, Missouri said it would curtail its operations over the course of the next three to five days, and that "most employees will no longer be required after January 28"
January 25, 2024
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By Yasemin Esmen
Insights
Samsung SDI stake in Canada Nickel highlights EV materials focus
South Korean battery maker Samsung SDI’s recent investment in Canada Nickel, despite falling nickel prices, is the latest example of companies forming long-term partnerships to secure electric vehicle supply chain production that qualifies for tax credits under the US Inflation Reduction Act (IRA)
January 24, 2024
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By Leticia Simionato
Insights
Norsk Hydro continues to flex portfolio, targets automotive, exec says | Hotter Commodities
Norsk Hydro is continuing to maximize its production of aluminium products for the automotive sector amid ongoing weak demand in end-use markets like construction, according to a senior executive at the Norwegian producer
January 23, 2024
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By Andrea Hotter
Insights
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