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Aluminium is a core material in the global metals market, from electronics to automobiles. The growing need to transition to a more sustainable future has placed aluminium near the top of the metals market food chain because of its strength, recyclability and lighter weight.
Aluminium prices fluctuate with volatile market conditions. However, the continued shift toward light weighting in electric vehicles and China’s reopening after three years of strict Covid-19 restrictions are helping to increase demand for this sought-after material.
Whether in packaging, construction or electrical equipment, aluminium is being used more and more because of its strength, resistance to corrosion, recyclability and ability to act as a conductor. We provide prices, news and analysis of aluminium so you can keep up to date with the market’s movements.
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Market participants disagreed over the cause of the long queues to withdraw aluminium from London Metal Exchange-registered warehouses at Port Klang in Malaysia, Fastmarkets heard on Thursday October 17
Fastmarkets has corrected its assessment of the MB-AL-0002 aluminium 6063 extrusion billet premium, in-warehouse dp Rotterdam, which was published incorrectly on Friday October 11.
Scrap processor TSR will supply aluminium flat-roller Novelis with high-grade European aluminium scrap that can serve as a “sustainable P1020 substitute,” a TSR executive told Fastmarkets on Thursday October 10.
The Western world’s industrial strength is beginning to drop, but Jakob Stausholm, chief executive officer of Rio Tinto, said at a London Metal Exchange seminar that there was “plenty of demand to be unlocked from reindustrialization.”
UK export volumes of steel scrap to India have fallen in the current quarter, although sources in the British scrap industry said that other destinations should be able to take up the excess, Fastmarkets heard on Wednesday September 25.
Read the full transcript from episode 6 of Fast Forward podcast on trading power and the role of the London Metal Exchange (LME) in the energy transition with CEO Matthew Chamberlain.
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