Here are five Fastmarkets stories you might have missed on Friday August 7 that are worth another look.
10 August 2020
Fastmarkets MB staff
The Midwest aluminium premium soared by 5 cents on Friday August 7, logging its largest increase since Fastmarkets began assessing this premium in January 2003, with traders boosting offers on replacement cost considerations after the US reintroduced Section 232 tariffs on Canadian aluminium.
07 August 2020
Michael Roh
Secondary aluminium scrap prices in the United States rose week on week amid a slight uptick in business and some pricing pressure from exports, although consumers were still being cautious.
07 August 2020
Thorsten Schier
The three-month copper price on the London Metal Exchange was the laggard at the close of trading on Friday August 7, with news of planned restarts at several of Chilean producer Codelco’s operating facilities suppressing buying momentum.
07 August 2020
Hassan Butt
The return of Section 232 tariffs on imports of Canadian aluminium has made European market participants nervous of excess stock arriving from Canada, which could pressure premiums, Fastmarkets heard on Friday August 7.
07 August 2020
Alice Mason
Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses increased by 12,942 tonnes (8.1%) to 172,455 tonnes in the week to Friday August 7, marking the largest gain in percentage terms across the base metals complex.
07 August 2020
Sally Zhang
The three-month copper price on the London Metal Exchange was lower during morning trading on Friday August 7, with continued tightness across the front end of the metal’s forward curve deterring interest, while a marked improvement in German industrial production remains a key indicator of improving economic conditions in Europe.
07 August 2020
Hassan Butt
A roundup of layoff announcements contained in Worker Adjustment and Retraining Notice (WARN) Act letters filed to state labor agencies in the United States thus far this summer, including at least six full plant closures, indexed by sector:
07 August 2020
Dom Yanchunas
Here are five Fastmarkets stories you might have missed on Thursday August 6 that are worth another look.
07 August 2020
Fastmarkets MB staff
Aluminium industry participants - many of which lobbied against Section 232 tariffs - respond to US President Donald Trump’s decision to reinstate the tariffs on imports of non-alloyed unwrought aluminium from Canada.
06 August 2020
Andrea Hotter
