April 2021

US aluminium scrap prices rise despite auto slump

Prices of most aluminium scrap grades in the United States rose this past week, driven by high buying interest. Bullishness on mill-scrap material, aided by buoyant copper and silicon markets, translated to higher prices, according to sources.

Surging LME aluminium price squeezes European secondary smelter margins

A surging London Metal Exchange aluminium price continued to push scrap prices higher and pinch European secondary aluminium smelter margins in the week to Friday April 30.

PRICING NOTICE: Delayed publication of European aluminium scrap and secondary prices

The publication of Fastmarkets’ European aluminium scrap and secondary prices assessments for Friday April 30 have been delayed because of a technical issue.

Aluminium smelter margins widen further with LME rallying to $2,400

Aluminium smelters are reeling in profits, with the London Metal Exchange aluminium price and premiums at multi-year highs and raw material prices depressed due to oversupply, sources said.

AT A GLANCE: Hydro posts record Q1 results for aluminium extrusion business

A summary of aluminium producer Norsk Hydro’s results for the three months ended March 31.

AT A GLANCE: South32 net cash up on higher commodity prices, strong output

A summary of South32’s results for its third quarter ending March 31, 2021.

Brazilian mining output rises 15% in Q1; revenues grow 95%

Brazil's total mineral production in the first quarter increased by 14.65% from the corresponding period of 2020, with revenues rising by 95% on the same basis of comparison, the country's mining institute, Ibram, said on Thursday April 22.

Novelis gains ASI certification at seven European aluminium sites

Global aluminium manufacturer and recycler Novelis has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification at seven of its European sites, ASI reported on Thursday April 22.

LME suspends alumina contract with plans to re-launch using single index

The London Metal Exchange is suspending the trading of all prompt dates from December 2021 onwards on its cash-settled alumina futures contract with immediate effect, it said on Friday April 23.

FOCUS: Scrap spacecraft the next frontier of metals recycling

Space debris is poised to be the next frontier of recycling even while more companies attempt to make low Earth orbit safer for space industrial ecosystems.