January 2020

PRICING NOTICE: Fastmarkets moves to annual methodology reviews across PRA divisions

Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year.

NEWSBREAK: China renames copper renewable materials under five categories; ali gets three [UPDATED]

The Chinese government published the long-awaited non-ferrous scrap metal renaming criterion on its website late on Friday January 17.

FREE WEB SEMINAR: The evolution of the alumina market and key drivers

Fastmarkets will host a free web seminar on Wednesday February 26 at 10am London time, to discuss the current trends for alumina and the evolution of its pricing.

AT A GLANCE: Rio Tinto Q4 copper production falls on lower ore grades

Rio Tinto's fourth-quarter copper production sank due to lower ore grades, especially at its Kennecott copper mine, while aluminium production took a hit due to unexpected outages in Iceland and Canada during the second half of 2019.

Foreign demand boosts US aluminium scrap prices

Most aluminium scrap prices rose in the United States this past week, and one of the biggest movers was aluminium-copper radiators, which found support from increased buying interest and higher Comex copper prices.

ALUMINA ROUND-UP: Benchmark alumina prices static despite liquidity spike

Liquidity was high for alumina on an fob Australia basis during the week ending January 17, but prices failed to find any long-term support above $275 per tonne.

AT A GLANCE: South32 Hillside, Mozal H1 2020 aluminium output strong despite load shedding

South32 has maintained its production guidance for its Hillside and Mozal aluminium smelters for its 2020 financial year, despite the first half being affected by South African power outages.

IN CASE YOU MISSED IT: 5 key stories from January 15

Here are five Fastmarkets MB stories you might have missed on Wednesday January 15 that are worth another look.

INTERVIEW: Rusal marketing head says lower China aluminium production will maintain market deficit in Asia

Lower Chinese production is set to fuel supply deficits in Asian aluminium markets in 2020, according to UC Rusal marketing head Roman Andryushin.

Jingxi Tiangui’s phase-one alumina project starts production, sources say

Jingxi Tiangui Aluminium’s 800,000-tonne-per-year phase-one alumina project in southern China’s Guangxi autonomous region started production in early January, market sources told Fastmarkets.