March 2021

IN CASE YOU MISSED IT: 5 key stories from March 31

Here are five Fastmarkets stories you might have missed on Wednesday March 31 that are worth another look.

BASE METALS WARRANT REPORT 31/03

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 31.

Common alloy Al sheet imports hurt US: ITC

Imports of common alloy aluminium sheet originating from Bahrain, Brazil, Croatia, Egypt, Germany, India, Indonesia, Italy, Oman, Romania, Serbia, Slovenia, South Africa, Spain, Taiwan and Turkey have harmed the United States' industry, the US International Trade Commission said.

Outokumpu announces ethics ‘audit’ of Vale amid review of suppliers

Outokumpu will visit miner Vale’s Onça Puma operation in the Brazilian Amazon rainforest as part of an ethics ‘audit’ of its supply chain, the Finland-based steelmaking company said in a press statement on March 25.

LIVE FUTURES REPORT 31/03: LME nickel price ends March 14% lower at $16,068/t; tin closes 8% higher

The London Metal Exchange nickel price posted the biggest monthly loss in March, with a fall of 14% as of Wednesday March 31, while tin was up by 8% since the start of the month and 20.6% in the year to date amid increased demand and tightening global supply.

AMAG, Audi sign deal for closed-loop aluminium recycling

Aluminium cast and flat rolled products company Austria Metall AG (AMAG) has announced that it will collaborate with carmaker Audi Hungaria to ‘close the loop’ on aluminium recycling.

Vale concludes New Caledonia unit sale to Prony Resources consortium

Brazilian miner Vale has concluded the sale of its stake in Vale New Caledonia (VNC), which operates the Goro nickel mine and a processing plant, to the Prony Resources New Caledonia consortium, the company said on Wednesday March 31.

Blister copper RC at 2-year high as Chinese demand drops

Blister copper refining charges (RCs) in China rose in March to their highest level since January 2019, with spot buying interest in the country decreasing.

Vedanta joins race to build new Indian copper smelter

Vedanta Resources announced its plan on Wednesday March 31 to build a new copper smelter three years after its Tuticorin plant was closed amid an environmental dispute.

GLOBAL ALUMINIUM WRAP: Premiums rise to multi-year highs [CORRECTED]

Tight regional supply boosted aluminium premiums in Rotterdam and the United States to multi-year highs on Tuesday March 30, while the quarterly premium in Japan settled at its highest level for six years.