July 2019

SOUTH32 AT A GLANCE: FY2019 base metals production results

A summary of South32’s base metals production volumes published on Thursday July 18 for the financial full year of 2019 ended June 30.

South32 achieves record Al production at Hillside but loss in FY19 still expected [CORRECTED]

Production at South32’s Hillside aluminium smelter in South Africa increased by 3,000 tonnes to a record 715,000 tonnes during its 2019 financial year ended June 30, 2019, the producer said on Thursday July 18.

FOCUS: Alumina rollercoaster continues with 15% decline in global prices since May

Global alumina prices have plummeted over the past two months in June and July due to poor demand and a surplus of excess cargoes in the market.

ALUMINA SNAPSHOT: Index falls below $300/t for first time since June 2017

Key data from the Monday July 15 pricing session in London.

Almatis sells Burnside alumina refinery to Arthur Metals

Almatis has sold its Burnside alumina refinery to Arthur Metals LLC, the company told Fastmarkets.

ALUMINIUM FOUNDRY WRAP: US premiums drop to 16-month low; Europe premiums resume dip on poor demand

Aluminium foundry premiums in the United States and Europe have fallen over the past month, pressured lower by a lack of demand.

China softens tone on metal scrap imports with ‘step-by-step’ ban proposal

The Chinese central government has toned down its ambitious plan to ban all solid waste imports, including metal scrap, by the end of 2020 in its recently proposed revisions to the regulation on solid waste management.

GLOBAL ALUMINIUM WRAP: Aluminium premiums unchanged in quiet market conditions; market eyes narrowing contango

Aluminium premiums were steady across the globe in the week ended Tuesday July 9, but participants are keeping a close eye on the narrowing London Metal Exchange spread, which could put downward pressure on premiums.

China to allow additional 125,000t of copper scrap imports in H2

China has announced a second round of copper scrap import quotas allowing a select list of importers to bring an additional 124,500 tonnes of copper scrap into the country during the second half this year, according to a statement on Wednesday July 10.

FASTMARKETS NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 05/07

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday July 5: