Sumitomo Predicts Premiums For Japanese Aluminium Will Continue To Fall
Next year’s aluminium premiums in Japan will likely fall in the US$125 to US$148 range, but Russian supplies of the...
Japan
Japan Aluminium Premiums Drop By 33 Percent In Fourth Quarter
Fourth quarter aluminium prices in Japan took a tumble this week, as buyers are reporting a steep drop in premiums asked for and received in recent days. According to unidentified sources who spoke to Reuters this week, Japanese aluminium buyers have struck...
Mitsubishi Materials Sells U.S. Aluminium Business To Apollo Global Mgmt For Undisclosed Sum
Earlier this week Mitsubishi Materials Corp announced the sale of its aluminium business to American investment fund Apollo Global Management....
Japan Calls Upon United States For Deal On Section 232 Aluminium And Steel Tariffs
Japanese trade minister Koichi Hagiuda called upon the United States government to end Trump-era aluminium and steel tariffs during an...
Events
Showa Denko Sells Aluminium Assets To Apollo Global Management
Japanese chemical firm Showa Denko K. K. announced earlier this week the sale of its aluminium business to United States investment fund Apollo Global Management for an undisclosed sum. Thursday’s announcement was the latest in Showa Denko’s move to shed assets. Specifically sold was the firm’s aluminium rolling, aluminium can, and electronic components segments. Neither […]
Fourth Quarter Aluminium Premiums Rise For First Time In Five Quarters To US$88 Per MT
Hints of a recovery in demand for aluminium in Japan came in the form of a rise in contracts for fourth-quarter premiums, as a quartet of anonymous sources told Reuters that buyers have already agreed to pay US$88 per metric ton above LME prices. “We have agreed with a producer at $88 a tonne this […]
Japan Aluminium Third Quarter Premiums Dip By 3.7 Percent Thanks To Weak Demand
A trio of sources who spoke to Reuters said that Japanese buyers are settling on premiums of around US$79 per metric ton for aluminium shipments for the third quarter, which represents a drop of 3.7 percent over premiums paid for shipments during the second quarter of this year. Per the sources, coronavirus bears the guilt […]
Japan’s First Second Quarter Aluminium Premiums Deal Lower By 22 Percent From 2019
Japan saw the first significant aluminium delivery deal for the second quarter of this year settle at US$82 per metric ton above London Metal Exchange cash price earlier this week according to industry sources who spoke to metals media. Per S&P Global, the anonymous source said the deal was for over 500 metric tons per […]
Prices For Second Quarter Aluminium Deliveries Rise In Japan As Coronavirus Depresses Demand
Prices for aluminium in Japan have jumped by over one fourth over last quarter’s asking price, but buyers have shown little interest in those prices due to weak demand. Such is the situation as relayed by sources involved in the negotiations to the news service Reuters earlier this week. According to a trio of sources, […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
