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US aluminium industry welcomes clarification on Section 45X
A recent clarification of the Section 45X tax credit under the Inflation Reduction Act (IRA) that includes aluminium in the critical minerals list will help boost domestic production, according to aluminium producers in the United States
December 20, 2023
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By Yasemin Esmen
Insights
Aluminium billet premiums fall in key global locations except for US market
The aluminum billet markets in the key global locations of Europe, Brazil and Thailand softened in the month to Friday December 15, while the US market edged higher
December 18, 2023
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By the Fastmarkets team, Renato Rostás, Carrie Bone, Yasemin Esmen, Chay Chye Leng
Insights
Chinese NPI prices resume downtrend amid weak demand and oversupply
The downtrend in China’s nickel pig iron (NPI) prices resumed in the week to Friday December 8 after pausing the preceding week, with the market still facing oversupply and slow demand from the stainless steel sector
December 11, 2023
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By Dylan Duan
Insights
Low-nickel NCM batteries back in favor to reduce cathode producer costs and encourage end-user demand
Some cathode makers have been switching back to lower-nickel cobalt manganese (NCM) from high-nickel NCM cathodes to reduce costs and encourage consumers amid slowing demand for electric vehicles (EVs), Fastmarkets understands
December 4, 2023
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By the Fastmarkets team, Yiwen Ju, Zihao Li
Insights
Aluminium industry must invest in three key areas to hit net zero: WEF report
Find out how days before the 2023 United Nations Climate Change Conference (COP28) in Dubai, the World Economic Forum (WEF) outlined three key areas of investment for the global aluminium industry to reach net zero by 2050 – clean energy, emerging technologies and decarbonization infrastructure – but it will require hundreds of billions of dollars
December 1, 2023
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By Yasemin Esmen
Insights
Primary aluminium stakeholders seek DOE clean energy investments
“The [Department] has a set of tools through the Inflation Reduction Act [IRA] and the Bipartisan Infrastructure Law,” Annie Sartor, aluminum campaign director at clean industry advocate group Industrious Labs, said. “They are open to talking about what the industry needs. When we said the current investments were not enough, they were open to conversation,” […]
November 28, 2023
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By Yasemin Esmen
Insights
US copper scrap prices hold ahead of Thanksgiving holiday
Copper scrap discounts in the United States continued to be steady in the week to Wednesday November 22, with sources noting little changes week on week ahead of the Thanksgiving holiday.
November 23, 2023
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By Kirstyn Petras
Insights
What’s ahead for base metals prices?
Aluminium price on China’s economy Range-trading has characterized the LME aluminium price as the decline since the start of October attempts to stabilize. At the beginning of the year, market participants had overestimated China’s ability to stimulate its way out of the Covid-lockdown era, putting too much emphasis on a fast and robust recovery. However, as China’s economic […]
November 8, 2023
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By the Fastmarkets team
Insights
US Midwest low-carbon aluminium differentials at zero; interest grows
Fastmarkets assessed its new aluminium low-carbon differential P1020A, US Midwest at zero on Friday November 3. The assessment for the aluminium low-carbon differential for value-added product, US Midwest, also was at zero on Friday. Fastmarkets aims to bring transparency to the market with its new low-carbon aluminium differentials. “We are getting lots of questions about carbon […]
November 6, 2023
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By Yasemin Esmen
Insights
Indonesia to account for more than 70% of global nickel supply in next five years: LME Week
Indonesia is to increase its dominance in global nickel supply within the next five years, amid an ongoing growth in capacity in the country
October 17, 2023
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By Laura Roberts
Insights
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