September 2020

IN CASE YOU MISSED IT: 5 key stories from September 24

Here are five Fastmarkets stories you might have missed on Thursday September 24 that are worth another look.

Aluminium Rheinfelden applies for protection from bankruptcy

Germany-based aluminium products producer Aluminium Rheinfelden GmbH has applied for protective shield proceedings, which could protect the company from going bankrupt, sources told Fastmarkets.

INTL AL CONF: Alcoa launches first low-carbon alumina brand, EcoSource

Aluminium and alumina producer Alcoa has launched the first low-carbon smelter-grade alumina brand, chief executive officer Roy Harvey announced at the Fastmarkets International Aluminium Conference.

INTL AL CONF: China import bauxite price to rise but domestic alumina market adds uncertainty - Fastmarkets analyst

Factors including an improving oil price and increased demand will support a recovery in the cif China bauxite price in the second half of this year but market participants should keep a close eye on the effect of a weakening domestic alumina price, Fastmarkets aluminium analyst Yang Cao said on Monday September 21.

INTL AL CONF: ‘Calmer waters’ for alumina market due to supply, demand dynamics – Noranda COO

Global alumina prices are expected to remain rangebound over the next quarter unless there are significant changes to the supply and demand picture, Noranda chief operating officer Thomas Robb said.

INTERVIEW: New Day eyeing investment opportunities in Europe, CEO says

New Day Aluminum is evaluating investment opportunities in the aluminium and specialty chemicals businesses in Europe, the company’s chairman and chief executive officer said.

INTERVIEW: US needs strategic bauxite, alumina stockpile - New Day boss

The United States needs to protect its entire aluminium supply chain and should introduce a national strategic stockpile of bauxite and alumina, according to the chairman and chief executive officer of New Day Aluminum.

INTL AL CONF - INTERVIEW: New Day steps up chemical grade alumina output, CEO says

New Day Aluminum has increased its production of chemical grade alumina and is gearing up to make additional investments in the specialty chemicals business, particularly in Europe, the company’s chairman and chief executive officer said.

US secondary aluminium alloy prices up; ingot sellers aim higher

Prices for secondary aluminium alloys in the United States rose across the board on Thursday September 17, but producers - who have seen their margins erode due to output constraints and higher freight and scrap costs - said the climb has been too slow.

China allows significantly larger volume of copper scrap imports under latest quota

China has issued its 12th batch of non-ferrous scrap metal import quotas for 2020, with a much larger volume of copper scrap being approved to enter the country than in the previous two rounds of quotas.