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Aluminum Billet Premiums Supported by Tight Supply Despite Weak Demand
Premiums for 6063 aluminum billets remained strong in the week ending Friday, July 25, in both Europe and the United States, due to limited material availability despite a rather sluggish global demand environment. According to several market sources, supply tensions...
40% of EU Ethylene Production Capacity at Risk of Closure
According to an analysis by consulting firm Wood Mackenzie, at least 40% of ethylene production capacity in the European Union is exposed to a medium to high risk of closure. The European chemicals sector, once at the forefront of transforming hydrocarbons into...
Norsk Hydro Reduces CO₂ Emissions in Brazil With Natural Gas, but Premiums for Green Alumina Still Not Taking Off
Norwegian multinational Norsk Hydro has taken a significant step toward environmental sustainability by completely eliminating the use of fuel oil at its Alunorte plant in Brazil in favor of natural gas. This shift allowed the company to reduce CO₂ emissions by as...
Base Metal Prices Decline on SHFE, Nickel Leads Losses
During the morning session on Monday, July 28, base metal prices traded on the Shanghai Futures Exchange (SHFE) recorded a broad-based decline, with nickel recording the most significant decline of the day. At 10:30 a.m. Shanghai time, prices for the most traded...