March 2019

FASTMARKETS NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 29/03:

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday Marcy 29:

First ‘new-order’ export of Chinese alumina of 2019 could signal re-opening of export arb - sources

A cargo of 30,000 tonnes of Chinese-origin alumina has been sold at 2,810 yuan ($417.10) per tonne fob Yantai port to Glencore in recent days, a source familiar with the matter told Fastmarkets on Friday March 29.

PEOPLE MOVES: Robin Scheiner to head consolidated Glencore aluminium-alumina book; Streule departs

Robin Scheiner will lead a merged aluminium-alumina department at Glencore following the departure of David Streule, sources close to the matter told Fastmarkets.

BAUXITE & ALUMINA CONF: All eyes on Alunorte restart, impending alumina price drop

Market participants expect alumina prices to plummet upon any future announcement that Hydro’s alumina refinery, Alunorte, can return to full capacity, but agree the scheduled court date does not provide any further clarity.

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

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

BAUXITE & ALUMINA CONF: Alumina could move into surplus after Alunorte ramp-up, Fastmarkets says

The alumina market could move into a surplus once Norsk Hydro’s Alunorte refinery in Brazil increases its capacity and market tightness is alleviated, according to research by Fastmarkets analysts.

BAUXITE & ALUMINA CONF: New alumina contract will address volatility, Al price disconnect, LME says

The new London Metal Exchange cash-settled alumina contract will help the exchange to retain its top spot as the global reference for the aluminium industry, according to LME business development analyst Antonio Masiero.

BAUXITE & ALUMINA CONF: India will need 60 mln tpy bauxite by 2030, IBAAS says

India will need to produce or import of 60 million tonnes per year of bauxite by 2030 to meet its aluminium needs, an executive at the International Bauxite, Alumina and Alumininium Society (IBAAS) said during Fastmarkets’ 25th Bauxite & Alumina conference in Miami on Wednesday March 27.

IN CASE YOU MISSED IT: 5 key stories from March 26

Here are five Fastmarkets MB stories you might have missed on Tuesday March 26 that are worth another look.

BAUXITE & ALUMINA CONF: Alunorte to ramp up within two months of Belém court approval, exec says

Norsk Hydro’s Alunorte alumina refinery, located in Brazil’s northern state of Pará, is expected to operate at 75-80% of its capacity two months after the receipt of approval from the Brazilian federal court in Belém, Norsk Hydro Brazil’s executive vice president of bauxite and alumina said.