January 2020

AT A GLANCE: Rio Tinto Q4 copper production falls on lower ore grades

Rio Tinto's fourth-quarter copper production sank due to lower ore grades, especially at its Kennecott copper mine, while aluminium production took a hit due to unexpected outages in Iceland and Canada during the second half of 2019.

Foreign demand boosts US aluminium scrap prices

Most aluminium scrap prices rose in the United States this past week, and one of the biggest movers was aluminium-copper radiators, which found support from increased buying interest and higher Comex copper prices.

GLOBAL MANGANESE SNAPSHOT: Ore prices continue to recover amid low liquidity

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 17.

EUROPE ALLOY STEEL SCRAP: Prices mostly stable on flat nickel cost

Austenitic stainless steel scrap prices in Europe were largely stable this week on relatively stable nickel costs, Fastmarkets heard on Friday January 17.

ALUMINA ROUND-UP: Benchmark alumina prices static despite liquidity spike

Liquidity was high for alumina on an fob Australia basis during the week ending January 17, but prices failed to find any long-term support above $275 per tonne.

Copper concs TC/RCs extend rises on expectation of higher availability from Dongying

Fastmarkets copper concentrates treatment and refining charges (TC/RCs) continued to increase this week, with smelters and traders now largely squared for the first quarter.

GLOBAL CHROME SNAPSHOT: Ore prices rise in China ahead of Lunar New Year; global alloy prices stable to weak

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday January 17.

INDIA IMPORT SCRAP: Market drops in line with Turkish price plunge

The price of ferrous scrap imported into India dropped this week after a sudden sharp fall on the international scrap market had a knock-on effect, sources have told Fastmarkets.

UK SCRAP: Light iron market tracks higher monthly settlements

The inter-merchant spot market for light iron scrap in the UK was up by £5 ($6.53) per tonne in the week ended Friday January 17, tracking higher prices settled for monthly domestic deliveries to British consumers in January while steady export demand buoyed the country’s scrap markets.

DAILY SCRAP REPORT: Market awaits more deals to confirm new price levels

The Turkish deep-sea scrap markets were quiet at the end of the week, as market participants digested the latest sale, which sent prices down by $13 per tonne, sources said on Friday January 17.