Boris Mikanikrezai

Feb 2, 2024 | fastmarkets.com | Yasemin Sim Esmen |Ruby Liu |Boris Mikanikrezai |Alexander Cook

“I like the trajectory for aluminium right now, much more than I did even two years ago,” Fisher said. The UN has called for the need to reduce greenhouse gas emissions by 45% by 2030, and reach net-zero emissions by 2050, to keep global warming to “no more than 1.5°C – as called for in the Paris Agreement.”This, according to Fisher, is going to require companies to choose more sustainable supplies to manufacture their products, including low-carbon aluminium.

Jan 31, 2024 | fastmarkets.com | Boris Mikanikrezai |Jane Li |Andrea Hotter |Leticia Simionata

The change will result in two aluminium premiums: one for the low-VAT market and another for high-VAT P1020A. Brazil’s aluminium production capacity increased in 2023, leading the government to end a duty-free quota it had introduced in 2014, essentially deeming the country self-sufficient in terms of primary aluminium production. And with domestic material gaining in importance due to diminishing imports, the difference between ingot sold with low- and high-VAT has become more pronounced.

Jan 31, 2024 | fastmarkets.com | Boris Mikanikrezai |Andrea Hotter |Dylan Duan |Yasemin Sim Esmen

After a challenging start to 2024 for copper prices, it’s worth noting that February heralds the onset of a favorable seasonal trend. Historical data from the past two decades indicates that February is a month of notable positivity for copper prices. During this month, copper typically records an average gain of 4.2%, with a 70% probability of price increases. In terms of both average gains and the likelihood of price appreciation, February stands out as the most promising month for copper.