The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30

Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.

Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January

The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023

Supported by stronger market conditions and higher production capacity, the Brazilian aluminium industry will depend less on imports and will instead prioritize locally-produced metal in 2023, market participants told Fastmarkets

Fastmarkets analysts are forecasting an increase in prices across the base metals complex by the end of 2023. Copper and nickel prices are expected to be the best performers next year and to show large increases by the end of 2023, with the speed of this growth heavily dependent on China’s economic recovery

China’s automobile output and sales edged upward in 2022 from a year earlier, supported by the government's policy to halve the purchase tax on vehicles as well as other policies aimed at promoting consumer activity

Copper market participants have told Fastmarkets that European demand for the red metal in 2023 is “not all doom and gloom,” although the market will face problems

The mining sector will need to get over its reticence to operate in jurisdictions with high-risk profiles in order to achieve the growth required for the move to a new generation of energy markets

Buying appetite in China for high-purity copper scrap of overseas origin is expected to remain strong in 2023, with questions over the supply of domestic scrap in the country, and a growing trend to repurpose scrap materials as part of the decarbonization movement across the world