October 2020

LME WEEK 2020: Base metals 2021 negotiations start in virtual 'mating season'

With a virtual LME Week starting on Monday October 19, the base metals market is starting to focus on negotiating 2021 contracts. Here, read about how the evolving nature of virtual negotiations is affecting the aluminium, copper, nickel and tin markets.

DADA in JV with Enervoxa for bauxite residue at New Day’s Gramercy refinery

DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa have formed a joint venture (JV) to extract rare earth elements and minerals from bauxite residue at New Day’s Gramercy alumina refinery in Louisiana, the United States.

Chinese alumina buyers sweep up seaborne cargoes amid stronger yuan

Chinese alumina market buying interest in seaborne cargoes grew significantly this week following a steady appreciation of the yuan since Monday, with many hoping to lock in relatively cheaper material compared with the domestic market.

AT A GLANCE: Alcoa Q3 results boosted by higher aluminium prices

A summary of aluminium and alumina producer Alcoa’s third-quarter 2020 results.

ALUMINA SNAPSHOT: Fob Australia alumina price moves up on strong LME ali price

Key data from Fastmarkets’ pricing session on Wednesday October 14 for the daily alumina index.

IN CASE YOU MISSED IT: 5 key stories from October 9

Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.

US aluminium scrap prices firm on tight supply

Prices of secondary aluminium scrap edged upward week on week in the United States as a result of tightening supply and growing spot demand, sources told Fastmarkets.

Hydro resumes operations at bauxite mine, Alunorte production to ramp up

Production at Hydro’s Alunorte alumina refinery in Brazil will ramp back up now that maintenance at the Paragominas bauxite mine has finished, the producer said on Friday October 9.

Virtus Industries acquires brass, aluminium tube maker Arzon

Virtus Industries has acquired Canada-based brass and aluminium tube maker Arzon Ltd, aided by a direct investment by global alternative investment manager Ares Management Corp.

Brazil's CBA to seek 'green funding' for low-carbon aluminium

Brazilian aluminium producer Companhia Brasileira de Alumínio (CBA) will continue to seek “green funding” alternatives after securing 500 million Reais ($90 million) this year to develop sustainability projects and offer more low-carbon metal, company executives said on Monday October 5.