November 2019

INTERVIEW: ‘Our industry is always searching for a competitive edge’ - Wendt Corp president

Now under the leadership of Tom Wendt Jr, the family owned and operated Wendt Corp has served the scrap metal recycling industry for over 40 years. Bette Kovach asks him about the growth of the business founded by his father, now chairman, in 1977 and company strategy to supply ever more demanding markets.

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

Here are five Fastmarkets MB stories you might on Friday November 15 that are worth another look.

CNIA calls for domestic Chinese alumina producers to ‘cool’ overheated supply

The vice president of China Nonferrous Industry Association (CNIA) has called for domestic producers to produce less alumina and undertake “rational investment on alumina new projects” to cool China’s enthusiasm for production that began in 2018.

Oversupplied Chinese alumina market faces more pressure from Alunorte progress

Most market participants expect the China domestic alumina price to fall further as more imported cargoes arrive in an already oversupplied market, delegates at the aluminium conference held in Qingdao on November 13-15 told Fastmarkets.

ALUMINA ROUND-UP: Australian fob price steady around $280 per tonne

The fob Australia price for alumina has hovered around the $280 per tonne mark in relatively liquid trading over the week ended Thursday November 14.

PRICING NOTICE: Change to Fastmarkets MB’s midpoints and averages

Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.

ALUMINIUM FOUNDRY WRAP: European premiums slide; US premium maintains footing

Primary aluminium foundry alloy premiums in Europe fell to all-time lows on Friday November 8, while the premium in the United States held steady under quiet spot market conditions.

ALUMINA ROUND-UP: Fob Australia price drops back to $280/t, Atlantic discount narrows

The fob Australia alumina price retreated to $280 per tonne on Friday November 8 because of reduced liquidity and continued poor downstream demand.

Big drop in China’s 2020 scrap quota expected; scrap renaming happening soon, CMRA says

China’s import quota system, which has restricted the inflow of scrap metal this year, will remain in place for another year, with a significant drop expected in the total quantity of quotas granted, the China Nonferrous Metals Industry Association (CMRA) said on November 7.

ALUMINA ROUND-UP: Fob Australia price at 4-week high; more trades in Fastmarkets-LME contract

The alumina price on a fob Australia basis rose to $285 per tonne in the week ending Friday November 1, its highest since early October, thanks to continued import demand from China.