October 2020

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.

PRICING NOTICE: Conclusion of open consultation on non-ferrous methodology

Fastmarkets opened a consultation on September 4, 2020, inviting feedback on its non-ferrous methodology in line with our annual methodology review process.

Noble names Jim Dubow as new executive chairman; Randall to focus on Jamalco

Noble Group has appointed James Michael Dubow as its new executive chairman of the Board of Directors, who will be joined by Ajay Mishra and Tim Gazzard in the role of executive directors, it said on Monday October 5.

US A380.1 secondary aluminium alloy price climbs to nearly 16-month high

Secondary aluminium alloy producers in the United States have continued to push offers higher in a market pressured by rising input costs and limited supply, Fastmarkets understands.

Alumina price falls to three-month low on plentiful cargoes, China’s absence

The benchmark fob Australia alumina index hit a three-month low on Friday October 2 with wide availability of cargoes and weak demand pressuring the market.

DOWNSTREAM DISPATCH: Aluminium wheel consumer Tyre-Line sees growth in European leisure market

Tyre-Line, a UK wheel assembly manufacturer serving the caravan and automotive industry, sees opportunity for downstream demand growth going into 2021 after facing Covid-19 related challenges earlier in 2020.

PRICING NOTICE: Open consultation on IOSCO-audited non-ferrous price assessments, indices

Fastmarkets MB is inviting feedback on its audited non-ferrous price assessments and indices, as part of its annual methodology review, in compliance with IOSCO principles for price reporting agencies (PRAs).