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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
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By Andrea Hotter
Insights
US packaging paper demand dropped by 2% while unbleached capacity rose by 9% in 2023
The pace of demand for paper packaging in the US slowed in 2023 due to end-user destocking and prices for unbleached paper dropped by $40-50 compared to 2022
February 8, 2024
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By Gregory Rudder
Insights
Brazil’s commodities industry calls for 25% duty barrier to imports; end users express concern
Amid record volumes of imports, the Brazilian paper industry has joined steelmakers in requesting up to 25% import tariffs for certain products, which has worried importers and end users. In the wake of the Brazilian steel sector’s pleas in 2023, the Brazilian Tree Industry Association (Ibá) requested on January 16 that the government increase import duties […]
February 8, 2024
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By Sandy Oliveira, Gabriela Brumatti
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
Mexican ferrous scrap market falls further; attention turns to US domestic settlement
Ferrous scrap prices in main Mexican markets dropped sharply in the week to Tuesday February 6 – their third consecutive weekly decrease – amid weak sentiment, Fastmarkets understands
February 7, 2024
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By Felipe Peroni
Insights
Annual Review of PIX Pulp Europe and PIX Pulp China Indices Methodology – Open Consultation
This consultation, which is open until March 8, 2024, seeks to ensure that our methodologies continue to reflect the physical market under indexation, 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 FOEX […]
February 7, 2024
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By the Fastmarkets team
Insights
China issues first batch of rare earths quotas for 2024
China has released the first round of rare earth mining and smelting and separation quotas for 2024 in a joint announcement by the country's Ministry of Industry and Information Technology and the Ministry of Natural Resources on Tuesday February 6
February 7, 2024
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By the Fastmarkets team
Insights
Amendment to Fastmarkets’ 44% manganese ore indices
After a consultation period which ended on Tuesday January 30, Fastmarkets has amended the chemical specifications and names of its MB-MNO-0001 manganese ore 44% Mn, cif Tianjin and MB-MNO-0005 manganese ore 44% Mn, fot Tianjin indices.
February 6, 2024
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By Holly Chant
Insights
The USDA attaché boosts Argentina’s wheat and corn production estimates
The boost to the outlook is due to higher than expected yields and larger planted areas, compared to the drought-affected 2022/23 year
February 6, 2024
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By Mark Shenk
Insights
China’s gallium export control continues to squeeze market, despite higher December exports
The international gallium market remains under pressure from the export control China introduced on the metal in August 2023, despite higher exports from China in December, Fastmarkets heard in the week to Monday February 5
February 6, 2024
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By Solomon Cefai, Nico Zhang
Insights
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