European aluminium billet premiums have fallen from recent record highs following a surge of imports, resulting in an oversupplied market at a time when demand from the automotive sector has weakened, participants told Fastmarkets

Fastmarkets has amended the frequency of its assessments of London Metal Exchange base metals warrant premiums to fortnightly from weekly

Some alumina refineries in China were finding it difficult to make profits in the face of higher production costs and falling alumina prices, raising the risk of production cuts in the future, Fastmarkets heard on Thursday June 9

Fastmarkets used the London Metal Exchange base metals prices at 09:44 GMT for the arbitrage calculations on Thursday June 9, because there was no data available at 08:00 GMT due to a system error.

This new supercycle, focused on specific commodity groups in the energy transition, has investors aiming to improve their ESG standards and approach

Fastmarkets has corrected its dealer buying prices for stainless scrap 304 solids, clips and stainless scrap 304 new clips in Pittsburgh, which were published incorrectly on Tuesday June 7 due to a reporting error.

Steel Dynamics Inc (SDI) is aiming for its new $1.9-billion electric-arc furnace (EAF) mill in Sinton, Texas, to be operating at 80% capacity by the third quarter before hitting full capacity by year-end, chief financial officer Theresa Wagler said at Fastmarkets’ Steel Success Strategies conference in Miami Beach, Florida, on Monday June 6

Chile’s copper production decreased by 8.93% in April from a year earlier despite a recovery from Escondida, with fewer volumes reported for Codelco and Collahuasi, the country’s copper commission, Cochilco, said on Thursday June 2

Dwindling demand and differing supply situations between regions pressured aluminium billet premiums down or kept them unchanged across the world on Wednesday June 1, with clear bearishness slowly taking over global markets

Even with prices at all-time highs, there is a very high likelihood for upward momentum to persist over the coming decade, according to serial entrepreneur and venture capitalist Lars Tvede