The European aluminium market is preparing for further volatility with uncertainty building over the future availability of Russian aluminium supply, market participants told Fastmarkets on Thursday, October 13

German copper producer Aurubis is implementing a premium of $228 per tonne for 2023 for its European clients, the company said on Thursday October 13 in a memo to customers seen by Fastmarkets

Chilean state-owned copper producer Codelco has made a premium offer in the low- to mid-$230s per tonne to its key European clients for 2023 supply, sources have told Fastmarkets

Sustainable sourcing of metals is one of the most talked about issues for markets in 2022, dominating the discussion at conferences and in many markets entering their annual contract negotiation seasons. Copper is no different

Several aluminium premiums in Europe and the United States reverted to mid-2021 levels or earlier amid a general downtrend in the week to Tuesday, October 4.

Fastmarkets has discontinued the following converted price assessments:

The consultation, which is open until October 28, 2022, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials, as part of its announced annual methodology review process.

Fastmarkets wishes to clarify in this pricing notice its current methodological approach to Russian brands in its metals and mining pricing assessment process after Russia’s unprovoked invasion of Ukraine.

Fastmarkets’ Shanghai-London arbitrage calculations for base metals were published incorrectly on Wednesday September 28 due to a reporter error,