January 2020

US aluminium scrap prices increase on offshore demand; A380.1 alloy price rises

Lingering demand from Asia caused prices for some aluminium scrap grades in the United States to climb again this past week despite the Lunar New Year holiday, celebrated January 24-30.

IN CASE YOU MISSED IT: 5 key stories from January 23

Here are five Fastmarkets MB stories you might have missed on Thursday January 23 that are worth another look.

US non-ferrous scrap exports rise in January-November 2019

Exports of non-ferrous scrap from the United States increased by 3.7% in the first 11 months of last year, reaching more than 2.8 million short tons, with aluminium the only metal to register an increase during the period.

China renames copper renewable materials under five categories; Al gets three [CORRECTED]

The Chinese government published the long-awaited non-ferrous scrap metal renaming criterion on its website late on Friday January 17.

ALUMINA ROUND-UP: Price ticks higher ahead of Lunar New Year

Alumina prices rose in an active week of trading ahead of the week-long Lunar New Year holidays starting on January 24 in China, which market participants say will dampen liquidity through the rest of January.

PRICING NOTICE: Fastmarkets moves to annual methodology reviews across PRA divisions

Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year.

AT A GLANCE: Rio Tinto Q4 copper production falls on lower ore grades

Rio Tinto's fourth-quarter copper production sank due to lower ore grades, especially at its Kennecott copper mine, while aluminium production took a hit due to unexpected outages in Iceland and Canada during the second half of 2019.

Foreign demand boosts US aluminium scrap prices

Most aluminium scrap prices rose in the United States this past week, and one of the biggest movers was aluminium-copper radiators, which found support from increased buying interest and higher Comex copper prices.

ALUMINA ROUND-UP: Benchmark alumina prices static despite liquidity spike

Liquidity was high for alumina on an fob Australia basis during the week ending January 17, but prices failed to find any long-term support above $275 per tonne.

AT A GLANCE: South32 Hillside, Mozal H1 2020 aluminium output strong despite load shedding

South32 has maintained its production guidance for its Hillside and Mozal aluminium smelters for its 2020 financial year, despite the first half being affected by South African power outages.