The spot main Japanese port (MJP) aluminium premium is likely to remain under pressure next yea
r due to growing supply and weak demand amid a decline in global automobile sales, market participants told Fastmarkets.
Evraz Vanadium has elected to partner with Mica Group, naming the Chinese trading company the exclusive sales agent
for Evraz ferro-vanadium into the Chinese market.
A lack of trading activity in the lithium market led Chinese producers to lower their sales prices
ahead of the year-end break, and China’s domestic lithium carbonate market dropped by 4% on Thursday December 19, while in Europe and the United States prices were unchanged.
The benchmark alumina price will likely remain steady
around $280 per tonne at the end of the week despite Hydro’s announcement late on Thursday December 19 that it has reduced production at its Alunorte alumina refinery to 50-70% capacity, market sources told Fastmarkets.
Global ferrous scrap prices trended upward
in the week to Friday December 20 on higher offer prices and limited supplies.