May 2021


A summary of base metal premiums from across the globe for the week to Tuesday May 11.

Bauxite offers to China rise further on costlier freight, friction with Australia

The latest diplomatic tit for tat between China and Australia is adding fuel to cif China bauxite prices already trending upward as a result of higher freight rates since the start of 2021.

‘Third wave’ of price rises to come for European secondary aluminium - market sources

European secondary aluminium ingot prices have started to move up after an extended period of volatility, following increased demand from the domestic market and for exports to Asia.

FOCUS: Deterioration in China-Australia relations knock confidence in seaborne alumina trade

China’s National Development and Reform Commission announced a “suspension of all activities” under the framework of the China-Australia Strategic Economic Dialogue on Thursday May 6, due to what it called disruptive measures by Australian officials, causing concerns for the import of alumina sourced from Australia.

Brazilian alumina exports up 19.9% in April; bauxite falls 12%

Brazilian exports of alumina rose by 19.90% year on year in April, with volumes from Alunorte in particular increasing sharply, according to data published on Thursday May 6 by the country's economy ministry.

AT A GLANCE: Howmet Aerospace Q1 sales fall 26% on weak demand

A summary of North America-based manufacturer Howmet Aerospace's first-quarter financial results, released on Thursday May 6.

UK secondary aluminium market expects ingot bounce-back as margins tighten

UK aluminium scrap prices have continued to rise on a strong London Metal Exchange price and a lack of supply in the region, squeezing secondary aluminium margins further, Fastmarkets heard on Thursday May 6.

Liberty brings restructuring expert onto board to help refinance Greensill exposure

Liberty Steel Group is reshuffling its board to bring in four additional roles including a chief restructuring officer, the company said on Wednesday May 5.