February 2020

US aluminium scrap turnings price up on export demand

The United States' aluminium scrap turnings price ticked up slightly this past week due to continued interest from exporters, sources said on Thursday February 13.

Border closures leave Chinese inland miners cut off from export markets

Chinese mineral producers trying to return to work amid the coronavirus disruptions are being hampered by the continuing shortage of land freight options and restrictions on border crossings.

INTERVIEW: Aluminium prices capped by China overcapacity, Norsk Hydro CEO says

Plans for new aluminium smelting capacity in China would weigh on an already oversupplied market and place a further restraint on prices, according to the chief executive officer of Norsk Hydro.

ALUMINA ROUND-UP: Index well supported; Atlantic discount remains at $11/t

The alumina index, fob Australia remained just above $280 per tonne so far this week amid quiet trading conditions.

China Hongqiao maintains 5.8mln tonne aluminium capacity despite virus outbreak

The novel coronavirus (2019-nCoV) has not affected China Hongqiao Group’s aluminium production, which is operating at its full running capacity of 5.86 million tonnes in Shandong province, the company confirmed to Fastmarkets.

AT A GLANCE: South32 earnings dive 48% in H1 FY20; ali, alumina production guidance steady

A summary of South32's earnings, alumina and aluminium production results for the first half of its 2020 financial year ended December 31, 2019.

IN CASE YOU MISSED IT: 5 key stories from February 12

Here are five Fastmarkets MB stories you might have missed on Wednesday February 12 that are worth another look.

FOCUS: Coronavirus hammers Chinese auto sector demand for aluminium, steel

Demand for aluminium and steel coil in China has come under strain while the novel coronavirus (2019-nCoV) crisis has allowed the gears of the country’s automotive sector to grind to a halt.

Coronavirus outbreak providing short-term support to China’s alumina market, sources say

China’s alumina price is on an upward trend after many alumina refineries reduced production following transportation difficulties since the Wuhan coronavirus outbreak restricted their coal and bauxite supply, several sources told Fastmarkets on Monday February 10.

IN CASE YOU MISSED IT: 5 key stories from February 11

Here are five Fastmarkets MB stories you might have missed on Tuesday February 11 that are worth another look.