September 2020

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.

ISRI concerned about China’s scrap policy

The Institute of Scrap Recycling Industries (ISRI) has written to the US Trade Representative (USTR), expressing concern about China’s “overly-strict product standards, challenging licensing requirements and non-transparent quota issuances.”

IN CASE YOU MISSED IT: 5 key stories from September 16

Here are five Fastmarkets that you might have missed on Wednesday September 16 that are worth another look.

New alumina projects, oversupply continue to loom over China's alumina market in H2 - analyst

The Chinese domestic alumina price remains under continued pressure in the second half of the year due to oversupplied fundamentals, an alumina analyst said at the Qianhai Mercantile Exchange Aluminium & Alumina Seminar on Tuesday September 15.

Rio Tinto to launch its first-ever closed-loop recycling service

Rio Tinto is to launch its first closed-loop recycling program, offering customers in North America a new scrap take-back solution and the production of high-quality alloys made with recycled content.

QME ALUMINIUM SEMINAR: Oversupply pushes China's alumina price into downtrend

Low liquidity has added more pressure to the domestic alumina market in China, which has gone into a downtrend because of oversupply, several sources told Fastmarkets on the sidelines of the Qianhai Mercantile Exchange alumina seminar on Tuesday September 15.

Chalco’s Huasheng 2mln tpy alumina refinery starts trial production - sources

Huasheng alumina refinery in Guangxi province of southern China started trial production on September 10, having come online in August, several sources told Fastmarkets on Monday September 14.

ALUMINIUM FOUNDRY WRAP: European, US premiums hit highs on stronger fundamentals

Aluminium primary foundry alloy premiums in Germany and Eastern Europe rose for a second consecutive month on Friday September 11, with stronger fundamentals supporting the increase.