January 2019

US non-ferrous auto shred price pressured by supply concerns

Pressure is mounting in the non-ferrous auto shred (twitch) market in the United States, with suppliers and consumers in strong negotiations for material next month.

FASTMARKETS NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 18/01

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday January 18:

Alcoa forecasts 2019 alumina surplus on China production rises [CORRECTED]

United States-based Alcoa, the world’s eighth-largest aluminium producer, has forecast a surplus of alumina in 2019 while it increases aluminium metal shipments.

RIO TINTO AT A GLANCE: Q4 production results

Summary of Rio Tinto's fourth-quarter production results for the three months ended December 31, 2018: (Rio Tinto share unless otherwise indicated, year-on-year change)

IN CASE YOU MISSED IT: 5 key stories from January 17

Here are five Fastmarkets MB stories you might have missed on Thursday January 17 that are worth another look.

New Fastmarkets-settled alumina contract on the LME

The London Metal Exchange will launch its new cash-settled alumina contract on March 11, to be settled on the Fastmarkets MB index in a basket.

LME to launch seven new contracts on March 11

The London Metal Exchange has announced it will launch seven of its new cash-settled futures products on March 11, and has selected Fastmarkets to be the price provider for three of the new contracts.

PEOPLE MOVES: Ex-Kyen trader Nishchay Chadha joins Viant Commodities

Former trader at Kyen Resources, Nishchay Chadha, has joined Viant Commodities as their head of trading in the Viant office in Singapore, Fastmarkets has learned.

Norsk Hydro's Alunorte alumina refinery could take months to resume full capacity

Alunorte, Norsk Hydro’s alumina refinery in Brazil's northern state of Pará, could take months to resume full operations once all restrictions on its output end, the Norwegian group's bauxite and alumina vice-president John Thuestad told Fastmarkets on Wednesday January 16.

IN CASE YOU MISSED IT: 5 key stories from January 16

Here are five Fastmarkets MB stories you might have missed on Wednesday January 16 that are worth another look.