August 2019

Temporary shutdown of Alpart alumina refinery unlikely to dent oversupplied market - sources

Jiuquan Iron & Steel Group (Jisco) plans to temporarily close its Alumina Partners of Jamaica (Alpart) refinery for over a year in the next two to three months, sources told Fastmarkets on Friday August 30.

PRICING NOTICE: Fastmarkets MB's’ 65% Fe Iron Ore Index Missing Historical Data in Excel Add-in

Due to a technical issue, Fastmarkets MB's 65% Fe Brazil-origin iron ore fines index data series found in the Fastmarkets Excel Add-in had some missing data. The missing data was scattered from November 2014 to March 2015.


The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday August 28:

PRICING NOTICE: Discontinuation of third-party ferrous scrap, non-ferrous scrap and foundry ingot prices

Fastmarkets MB has today discontinued 40 steel scrap, non-ferrous scrap and foundry ingot prices.

China's alumina imports surge in July

China imported 200,000 tonnes of alumina in July, quadruple the 50,000 tonnes imported in June and 20 times the 10,000 tonnes imported in the same month last year, according to Chinese customs data released late on Friday August 23.

China adds extra 5% tariff on US-origin copper scrap, aluminium scrap

China’s state council announced on Friday August 23 it would apply an additional 5% and 10% tariff on $75 billion of United States imports, including copper scrap and aluminium scrap.


The following Fastmarkets non-ferrous European free market scrap prices changed on Friday August 23:

Auctions conclude for aluminium, alumina stocks from Qingdao warehouse fraud

The auctions of aluminium ingots, alumina and copper cathodes by Qingdao Intermediate People’s Court have ended this week, with Europe-based trading houses winning some of the listings, according to official auction documents from dated Friday August 23.

Qingdao Court auctions aluminium, copper impounded in 2014 warehouse fraud

The Qingdao Intermediate People’s Court has put up for sale a significant quantity of aluminium ingots and copper cathodes impounded in 2014 during a government crackdown over the misuse of collateral for financing metals in Qingdao.

AT A GLANCE: South32 FY19 earnings down 25% on lower Al prices; 3% production increase

A summary of South32's earnings and production results for its 2019 financial year ended June 30.