April 2020

US aluminium scrap prices fall further amid Covid-19 slowdown

All but one of Fastmarkets’ aluminium scrap price assessments fell on Thursday April 9 while the Covid-19 pandemic-driven market slowdown continued to affect the US scrap business.

CHINA ALUMINA SNAPSHOT: Lower seaborne deals, weak global demand drag domestic price down 5%

Key data from Fastmarkets’ pricing session in Shanghai on Thursday April 9.

Refineries struggle to stay cash positive with alumina prices at Feb 2016 low

Alumina refineries are struggling to stay above the cost curve with prices at four-year lows, while smelter cuts upstream could further widen refining losses.

Noble to close base metals, rare earth trading desks in major headcount cut – sources [UPDATED]

Hong Kong trading house Noble Group Holdings will close its base metals and rare earths trading desks as part of widespread board-mandated staffing cuts, informed sources told Fastmarkets.

Japan’s national emergency halts China-bound scrap inspections, exports

China Certification & Inspection Group’s (CCIC) Japanese unit has suspended operations after Prime Minister Shinzo Abe declared a state of national emergency in major areas of Japan in response to the spreading Covid-19 virus, Fastmarkets learned.

IN CASE YOU MISSED IT: 5 key stories from April 7

Here are five Fastmarkets stories you might have missed on Tuesday April 7 that are worth another look.

Howmet Aerospace cuts costs, suspends dividend amid Covid-19

Howmet Aerospace is reducing costs and suspending its dividend in response to the halt of customer operations due to the Covid-19 pandemic, which is affecting its own facilities.

US nonferrous scrap exports increase in February

Increased exports of aluminium scrap from the United States pushed total monthly nonferrous scrap exports higher in February 2020.

US aluminium scrap prices continue downtrend

Aluminium scrap prices in the United States continued to trend flat to soft this past week as the novel coronavirus prompted industrial slowdowns through capacity reduction at smelters and manufacturing plants across the country.

PRICING NOTICE: Delayed publication of daily alumina index, fob Australia

Fastmarkets published its alumina index, fob Australia later than scheduled on Friday April 3 due to data coming in toward the end of Friday’s pricing discovery process.