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Alumina: Chinese market hits record highs in early 2024 amid concerns over bauxite supply
The alumina market in China has seen a significant rise ahead of the year 2024, with alumina prices reaching new highs since the previous year. According to the latest data, the average spot price of alumina in China rose to RMB 3,154 per metric tonne on Tuesday 2...
Aluminium: Alba’s production for 2023 sets a new high at 1.62 million tonnes
Aluminium Bahrain B.S.C. (Alba), one of the world's largest smelters, set a new record by producing 1,620,665 tonnes of aluminium in 2023. The output recorded an annual increase of 20,554 tonnes, or 1.3 per cent, compared to 1,600,111 tonnes in 2022, when the Middle...
HRC steel: EU coil importers will pay first quarter safeguard taxes
Importers of hot-rolled coils in Europe (HRC) will be required to pay part of the 25 per cent safeguard duties, as the volumes currently cleared have exceeded the allocated quota for the first quarter. Similar to the fourth quarter of 2023, there are almost 1.1...
The UK will impose a carbon tax on steel and aluminium production
The Treasury recently announced that the UK intends to impose a carbon tax on certain metals and natural resources imported into the country by 2027. According to the 19 December announcement, steel, aluminium and iron ore will be subject to the tax. This tax is...