June 2022

US aluminium scrap market steadier; turnings spread widens

The price spread between high-grade and mixed-grade aluminium scrap turnings in the United States widened in the week to Thursday June 23, with multiple smelter grades continuing to decline on a supply surplus.

What we learned at Move 2022 about metals and mobility

Fastmarkets presents a selection of key takeaway points from the “Move – Mobility Re-imagined 2022” event that was held in London, June 15-16.

SMB-Winning completes bauxite export railway in Guinea

The multi-national SMB-Winning consortium has inaugurated a new railway for bauxite exports as part of its Boffa-Boké Project in the West African country of Guinea, it said on Saturday June 18.

Bauxite market uncertain on refinery construction after Guinea extends deadline for proposals

The bauxite sector is looking into the feasibility of building refineries in Guinea after the government of the West African country extended the deadline for miners operating there to submit their proposals for such projects, Fastmarkets has heard.

China’s alumina exports into Russia continue to soar in May; China becomes net exporter

China’s alumina exports into Russia jumped again in May amid steady demand from the latter country to plug its shortfall due to its invasion of Ukraine and subsequent sanctions against it.

Australian alumina market sentiment mixed as prices inch upward

Australian prices for alumina have trended upward in recent trades but market sentiment is still mixed, participants told Fastmarkets on Friday June 17.

Chinese ADC12 prices soften; MJP market steady

Key data from Fastmarkets’ aluminium alloy pricing session in China on Wednesday June 15.

Brazilian alumina exports rise 6.5% in May, ministry says

Brazilian alumina export volumes rose by 6.46% in May 2022, compared with the corresponding month last year, with higher prices and volumes reported for both of the country’s largest operations, according to data published by the ministry of economy on Monday June 13.

Rio Tinto seeks large-scale wind, solar power proposals in Queensland, Australia

Rio Tinto is seeking proposals for large-scale wind and solar power in Central and Southern Queensland, Australia, to power its aluminium assets, it said on June 8.

Production cost rise a concern for alumina refining in China as downturn deepens

Some alumina refineries in China were finding it difficult to make profits in the face of higher production costs and falling alumina prices, raising the risk of production cuts in the future, Fastmarkets heard on Thursday June 9.