March 2021

AMAG, Audi sign deal for closed-loop aluminium recycling

Aluminium cast and flat rolled products company Austria Metall AG (AMAG) has announced that it will collaborate with carmaker Audi Hungaria to ‘close the loop’ on aluminium recycling.

Alumina prices drop to four-month low on weak demand, oversupply

Alumina prices on an fob Australia basis declined to their lowest level since November 2020 on Friday March 26, with oversupply of units continuing to stoke bearishness.

AT A GLANCE: Chalco revenues down 2.2% in 2020

A summary of the 2020 annual report of the Aluminum Corporation of China (Chalco), as filed to the Shanghai Stock Exchange on Wednesday March 24.

INTERVIEW: Aluminium consumers step up demand for sustainable metal, Alcoa exec says

Aluminium consumers are stepping up demand for products that allow them to reduce their carbon footprint via metal produced using low emissions, the chief commercial officer of Alcoa Corp said.

Alcoa in supply deal for low, zero-carbon aluminium on Audi EV wheels

Alcoa Corp is supplying low- and zero-carbon aluminium for the wheels on carmaker Audi’s e-tron GT, which will make it the first vehicle to use metal from its Elysis joint venture.

Complex logistics hurdles affecting China's seaborne bulk shipping routes

High demand for bulk vessel space for mineral raw materials exported from China is driving costs for this transport option higher, with market participants reporting an array of factors that are affecting trading conditions and delivery timelines.

FOCUS: Volatility highlights lack of hedging mechanisms in European secondary aluminium alloy market

Fluctuating global prices and erratic downstream secondary aluminium consumption have market participants in Europe wondering how to manage risk through periods of volatility.

ISRI members 'adamantly oppose' LME margin change

Proposed changes to the London Metal Exchange’s margin methodology would have detrimental implications for collateral and credit lines, increase transaction costs and brokerage fees, and inhibit scrap recyclers’ ability to hedge, according to the non-ferrous division of the Institute of Scrap Recycling Industries (ISRI).

PRICING NOTICE: Relabeling of China alumina assessment

Fastmarkets has renamed its China alumina assessment as ex-works (exw) China, from delivered duty paid (ddp) China, effective Wednesday March 17.

WEEKLY BASE METAL PREMIUMS REPORT: 16/03

A summary of base metals premiums from across the globe for the week to Tuesday March 16.