Here are five Fastmarkets MB stories you might have missed on Friday December 20 that are worth another look.
The spot main Japanese port (MJP) aluminium premium is likely to remain under pressure next year due to growing supply and weak demand amid a decline in global automobile sales, market participants told Fastmarkets.
Evraz Vanadium has elected to partner with Mica Group, naming the Chinese trading company the exclusive sales agent for Evraz ferro-vanadium into the Chinese market.
A lack of trading activity in the lithium market led Chinese producers to lower their sales prices ahead of the year-end break, and China’s domestic lithium carbonate market dropped by 4% on Thursday December 19, while in Europe and the United States prices were unchanged.
The benchmark alumina price will likely remain steady around $280 per tonne at the end of the week despite Hydro’s announcement late on Thursday December 19 that it has reduced production at its Alunorte alumina refinery to 50-70% capacity, market sources told Fastmarkets.
Global ferrous scrap prices trended upward in the week to Friday December 20 on higher offer prices and limited supplies.
www.metalbulletin.com
