November 2019

ALUMINA ROUND-UP: Fob India deals trade in high $280s; active week for LME futures contract

Benchmark fob Australia prices for alumina remained below $280 per tonne in the week ended Friday November 29 despite deals for India-origin material still being made at higher levels.

IN CASE YOU MISSED IT: 5 key stories from November 27

Here are five Fastmarkets MB stories you might have missed on Wednesday November 27 that are worth another look.

Liquidity surges at $290/t for 2020 on Fastmarkets-LME alumina contract

The London Metal Exchange’s cash-settled alumina futures contract, which is settled against a basket of prices that includes Fastmarkets’ index, has seen a flurry of activity on the January 2020 prompt date.

INTL RECYCLED AL CONF: Primary, secondary aluminium both needed for low-carbon economy, Rusal says

Both primary and secondary aluminium will be required to meet demand in a low-carbon economy, Russian producer UC Rusal’s head of marketing, Jerome Lucaes, said at Fastmarkets’ International Recycled Aluminium Conference in Hamburg on Wednesday November 13.

ALUMINA ROUND-UP: Fob Aus price stabilizes below $280/t, participants focused on 2020

The benchmark fob Australia alumina price stabilized around $278 per tonne on Thursday November 21 during a low-liquidity week.

INTL RECYCLED AL CONF: Delegates bullish for 2020 after disruptive year for scrap, secondary

The macro-induced downtrend in primary and secondary aluminium prices is a temporary market set-up, according to bullish delegates at Fastmarkets’ International Recycled Aluminium Conference in Hamburg on November 12-14.

Press Metal’s 25% acquisition of BAI to cut third-party alumina feedstock needs

Press Metal, the largest aluminium producer in Southeast Asia, has finalized a shareholder agreement with Bintan Alumina Indonesia (BAI) for 25% of the company, which will allow the former to “secure a long-term supply of alumina.”

INTERVIEW: ‘Our industry is always searching for a competitive edge’ - Wendt Corp president

Now under the leadership of Tom Wendt Jr, the family owned and operated Wendt Corp has served the scrap metal recycling industry for over 40 years. Bette Kovach asks him about the growth of the business founded by his father, now chairman, in 1977 and company strategy to supply ever more demanding markets.

IN CASE YOU MISSED IT: 5 key stories from November 15

Here are five Fastmarkets MB stories you might on Friday November 15 that are worth another look.

CNIA calls for domestic Chinese alumina producers to ‘cool’ overheated supply

The vice president of China Nonferrous Industry Association (CNIA) has called for domestic producers to produce less alumina and undertake “rational investment on alumina new projects” to cool China’s enthusiasm for production that began in 2018.