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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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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.
This week’s multiple announcements by the majority state-owned Saudi Arabian mining company Ma’aden that it was acquiring shares of aluminium producers in the region shows that the Middle Eastern aluminium industry has matured, according to Fastmarkets analyst Andy Farida
Ahead of LME Week 2024, the exchange’s CEO, Matthew Chamberlain, sat down with Andrea Hotter for Fast Forward podcast to talk about the exchange’s role in facilitating responsible sourcing and transparency along the metals supply chain
Keep up with critical developments affecting the aluminium and base metals markets by visiting our dedicated market, forecast and price pages
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