February 2020

US aluminium scrap market mixed; supply still tight

Sentiment in the United States' aluminium scrap market was mixed this past week due to ongoing uncertainty surrounding the long-term effects of the novel Coronavirus (2019-nCoV). Generally, the supply side remained tight for those buying in the US despite slowing export demand.

ALUMINA ROUND-UP: Fob Australia alumina index at highest since July 2019

Benchmark alumina prices climbed to a seven-month high on Friday February 28 with deals concluding above $300 per tonne.

HOTTER ON METALS: Coronavirus adds pressure to diversify supply chains

The novel coronavirus (2019-nCoV) is set to accelerate what the trade wars started: the diversification of global supply chains.

Rusal sales volumes increase in Q4, FY 2019; warns of bearish coronavirus effects on market

Rusal’s aluminium sales volumes rose in the fourth quarter and year ended December 31 2019, but novel coronavirus-related effects on the economy could be bearish for the aluminium market, the company warned.

FREE WEB SEMINAR: The evolution of the alumina market and key drivers

Fastmarkets will host a free web seminar on Wednesday February 26 at 10am London time, to discuss the current trends for alumina and the evolution of its pricing.

IN CASE YOU MISSED IT: 5 key stories from February 21

Here are five Fastmarkets stories you might have missed on Friday February 21 that are worth another look.

Coronavirus disruptions in China – breakdown by province

Logistics disruptions across China have paralysed many of the country’s supply chains since the outbreak of a novel coronavirus infection forced authorities to clamp down on movements of material and people within the country.

Chinese alumina price drifts higher on further disruptions to production

The price of alumina in China continued to trend upward this week following reports that more refineries in the country are having to halt some of their capacity due to a shortage of raw materials amid transport restrictions.

ALUMINA ROUND-UP: Australia fob index at five-month high on new China deal

Alumina prices on an fob Australia basis have gone up over the past week due to a high-priced deal for material destined for China, but market participants were still searching for clarity on market conditions on Thursday February 20.

Alcoa gets ASI chain of custody certification as portfolio review continues

Alcoa Corp has been certified by the Aluminium Stewardship Initiative (ASI) to market products under ASI’s chain of custody standard.