A new Chinese state-owned enterprise (SOE) called China Resources Recycling Group (CRRG) has been established to build a national platform for recycling and reusing resources, according to an announcement from Chinese officials on October 18. While details of the company’s specific plans remain scarce, market participants remain concerned about weak market fundamentals, sources told Fastmarkets..

Fastmarkets proposes to amend the timing window of its MB-AL-0381 aluminium low-carbon differential P1020A, Europe from up to three months to up to 18 months.

On Thursday October 24, the US Department of Treasury and the Internal Revenue Service (IRS) released the final rules regarding the Section 45X credits under the US Internal Revenues Code. The final rules clarify definitions and confirm credit amounts for eligible components, including solar and wind energy, inverters, qualifying battery components and applicable critical minerals. […]

Market participants disagreed over the cause of the long queues to withdraw aluminium from London Metal Exchange-registered warehouses at Port Klang in Malaysia, Fastmarkets heard on Thursday October 17

Fastmarkets has launched two price assessments for aluminium extrusion scrap for the European domestic market.

The new specifications proposed in the consultation are listed below, with the amendment to the price frequency shown in italics: MB-AL-0052 aluminum 6063 extrusion billet premium, delivered Midwest US, US cents per lbQuality: Extrusion billet AA6063. Billet with diameter of 6in, 7in and 8in.Quantity: Min 100 tonnesLocation: Delivered into US Midwest region, duty-unpaid premium on top of the P1020A ingot Midwest […]

Fastmarkets has corrected its assessment of the MB-AL-0002 aluminium 6063 extrusion billet premium, in-warehouse dp Rotterdam, which was published incorrectly on Friday October 11.

Scrap processor TSR will supply aluminium flat-roller Novelis with high-grade European aluminium scrap that can serve as a “sustainable P1020 substitute,” a TSR executive told Fastmarkets on Thursday October 10.

The Western world’s industrial strength is beginning to drop, but Jakob Stausholm, chief executive officer of Rio Tinto, said at a London Metal Exchange seminar that there was “plenty of demand to be unlocked from reindustrialization.”

Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.