November 2020

No-deal Brexit would cripple domestic UK aluminium scrap market, participants say

With just 35 days remaining until the United Kingdom withdraws from the European Union, the country’s potential departure from the EU single market could see its domestic aluminium scrap market face business-critical trade barriers that, according to market participants, would send the UK’s scrap industry hurtling backwards.

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

Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.

Legitimacy of China tariff on US non-ferrous scrap questionable after renaming

The legitimacy of China’s tariffs on United States-origin non-ferrous scrap is questionable after the country reclassified high purity scrap under the new category of recyclable materials, industry executives said at Fastmarkets webinar on Monday November 23.

China bans foreign scrap metal from Jan 2021, abolishes scrap import quota

China will no longer accept scrap metal shipments from abroad from January 1, 2021, the government said on Wednesday November 25.

IN CASE YOU MISSED IT: 5 key stories from November 25

Here are five Fastmarkets stories you might have missed on Wednesday November 25 that are worth another look.

Hydro restarts aluminium production at Husnes line B

Aluminium producer Norsk Hydro’s Husnes plant in Norway is on its way back to full production for the first time in more than 10 years, after production resumed at the Husnes B line on Tuesday November 24.

Traders caught in middle of sea freight increase; disruptions worsening

The recent surge in container freight costs and availability of cargo space continue to disrupt trade flows in minerals and metals, with trading companies finding themselves unable to dodge the soaring shipping rates.

Vague line between copper scrap, recyclable copper creates rejection risk under new policy - execs

Global copper scrap metal suppliers are now hesitant to send their cargoes to China, citing a higher risk of rejection over the ambiguity of its new classification of ‘recyclable copper materials’, industry executives said at Fastmarkets Asia Copper Webinar on Monday November 23.

US A380.1 secondary Al alloy spreads vs A360, A413 at record lows

Secondary aluminium alloy prices continued to rise on Thursday November 19, with the spreads between the benchmark A380.1 and the less liquid A360.1 and A413.1 grades at the narrowest point since Fastmarkets began assessing these prices.

US aluminium scrap prices, freight costs continue to climb

Prices for most aluminium scrap grades maintained upward momentum this past week amid continued struggles to source freight as well as persistent supply-side tightness in the United States, Fastmarkets understands.