Commodity market news and market analysis (2024)

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Hydro anticipates green premiums as solar plant starts up at Brazil’s Alunorte

The project, which powers the world’s largest alumina refinery outside China, Alunorte, not only marks a significant leap towards sustainability but also showcases Norsk Hydro’s commitment to reducing carbon emissions

March 19, 2024

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By: Leticia Simionato

Proposal to amend frequency of fused alumina, refractory-grade bauxite price assessments

Fastmarkets proposes to amend the pricing frequency of its three fused alumina price assessments and four refractory-grade bauxite prices to once a month from their current fortnightly basis.

Proposal to amend frequency of China aluminium P1020A premium assessments

Fastmarkets proposes to amend the pricing frequency of its MB-AL-0345 aluminium P1020A premium, cif Shanghai and MB-AL-0328 aluminium P1020A premium, bonded in-whs, Shanghai to fortnightly from the current monthly basis.

March 19, 2024

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By: Ruby Liu

Clarification of methodology for South Europe export steel wire rod assessment

Fastmarkets wishes to clarify details around the following aspects of the pricing methodology for MB-STE-0074 steel wire rod export, fob main port Southern Europe.

March 19, 2024

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By: India-Inés Levy

Launch of Indonesia steel billet import price

Fastmarkets is launching a price assessment for MB-STE-0913 steel billet, import, CFR Indonesia on Tuesday March 19.

March 19, 2024

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By: Nabilah Awang

Correction to Australia, Brazil alumina FOB indices on March 18

Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday March 18.

March 18, 2024

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By: James McKeigue

Early publication of US base metals prices

The publication of Fastmarkets’ US base metals prices were published early during the week of March 11-15 following the daylight saving time change in the US on March 10.

March 18, 2024

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By: Grace Asenov

Opposition to US Steel, Nippon deal growing; Biden says US ownership ‘vital’

Nippon Steel’s proposed $14.9-billion purchase of US Steel (USS) could face additional challenges, with US President Joe Biden publicly cementing his opposition to the already heavily criticized deal

March 18, 2024

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By: Alesha Alkaff

How is the steel industry supporting DRI expansion amid weak global demand?

Raw material prices have come under the pressure of falling steel demand around the world since the second half of 2023, and market participants expect the trend to extend into 2024

March 18, 2024

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By: Norman Fong

Steel industry supports legislation cracking down on Mexican imports

The United States steel industry lauded the most recent legislation introduced in Congress to clamp down on the surge of Mexican steel imports, which represents a bipartisan bid to the Biden Administration to hold Mexico accountable for the surge in steel imports, sources told Fastmarkets on Tuesday March 12.

March 18, 2024

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By: Alesha Alkaff

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Commodity market news and market analysis (2024)
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