March 2020

MIIT calls for more stimulus policies to support China’s car industry

Xin Guobin, Deputy Minister of Industry and Information Technology (MIIT), has urged regional officials to speed up the introduction of policies to boost automobile consumption.

China alumina price drops 4% on smelter capacity closures

The Chinese alumina price dropped sharply on Thursday March 26 on shrinking demand from aluminium smelters, several of whom put part of their capacity on maintenance to avoid further losses.

En+ may review 2019 capex but keeps 5-year low carbon materials plan

En+ Group, the majority owner of Russian aluminium producer UC Rusal, may review its 2020 capital expenditure in light of the impact of the Covid-19 pandemic, but still plans to spend more than $715 million at its smelters and alumina refineries over the next five years, it said.

Alumina price plummets to Oct 2016 low with LME at $1,500/t

The alumina price on a fob Australia declined below $260 per tonne on Friday March 27 after the market continued to react to falling aluminium prices.

AMAG seeks permission to cut Ranshofen staff hours amid Covid-19

AMAG Austria Metall AG is seeking permission from the Austrian government to place staff at its Ranshofen plant on short-time working from Wednesday April 1 while the Covid-19 pandemic reduces demand.

Coronavirus shutdowns pull UK secondary Al market to 11-year low

European automaker and subsequent smelter shutdowns in the United Kingdom - enforced to halt the spread of the coronavirus - drove secondary aluminium ingot prices down in the region to an 11-year low on Wednesday March 25.

Metal traders rocked by LC problems in India amid lockdown

The trading of metals into India is likely to be severely affected by difficulties in opening letters of credit (LCs) now that the country is locked down to contain the spread of the novel coronavirus (2019-nCoV), sources told Fastmarkets on Wednesday March 25.

India enters 21-day lockdown; 'essential commodities' production to continue

India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.

US should focus on aluminium overcapacity not alloy anti-dumping, EU industry group says

European Aluminium is contesting the launch by the United States of an anti-dumping investigation into common alloy aluminium sheet from various European countries and has instead called for the European Commission to address subsidized Chinese overcapacity.

Rio Tinto to reduce aluminium activities in Quebec

Rio Tinto is to reduce activities at its aluminium operations in Quebec, Canada, after an order from the head of the province designed to reduce the spread of the novel coronavirus (2019-nCoV).