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Germany's Aurubis copper smelter back from maintenance

  • : Fertilizers, Metals
  • 24/07/12

Germany's Aurubis today announced that its Hamburg copper smelter returned to service on 11 July from the largest maintenance shutdown in the company's history that began 7 May.

A restart is now under way following the €95mn 60-day maintenance that included an overhaul of the flash smelter, installation of heat exchangers in the contact acid plant, as well as the installation of a tap hold drill and tamping machine for improved safety of copper slag tapping. Hydrogen-ready anode furnaces were also installed as measures to improve sustainability.

Investments in automation are set to improve efficiency and extend the frequency of planned maintenance rounds to three years from two.

The Hamburg smelter's outage has exacerbated sulphuric acid tightness in Europe, and the operational restart is expected to provide some relief to the market. This comes in addition to the lack of availability of molten sulphur in the region, leading to shortages of sulphur burnt acid, which has prompted some consumers to replace burnt acid with smelter acid, lifting demand.

Aurubis produced 1.19mn t of sulphuric acid during the first six months of the 2023-24 financial year (October-March), up by 1pc on the same period a year earlier. Output at Aurubis' Hamburg smelter rose by 11pc to 512,000t in the period, while output from the Pirdop smelter saw a 6pc decline on the period to 679,000t.

For the first three months of the year, Aurubis produced 598,000t of acid, unchanged from the same quarter of 2022-23, as increased output at its Hamburg smelter offset a decline from Bulgaria's Pirdop plant. Production at Hamburg totalled 258,000t from January-March.


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Brazil's CSN expects flat steel, upside ahead


25/05/09
25/05/09

Brazil's CSN expects flat steel, upside ahead

Sao Paulo, 9 May (Argus) — Brazil's mining and steel firm CSN expects strong domestic demand to keep steel prices flat in 2025, with the potential for an uptrend in the coming months. Sales to the agricultural machinery and automotive industries should continue to trend upward , the company said. Civil construction sales have been solid and could tick up as the rainy season ends in Brazil. "Demand is good," executive director Luis Fernando Martinez said, adding that the firm will hold back price gains "to maintain profitability." The price of CSN's overall steel products increased by 5pc in the first quarter from a year earlier thanks to a 7pc increase in demand. Average steel prices hit a two-year high at R5,252 ($928)/metric tonne from R5,008/t a year earlier. Steel consumption has been climbing in Brazil and sales could have been stronger if not for growing competition from imports, the company said. Brazil's import penetration hit 27pc of the domestic market in the quarter, outstripping CSN's domestic market share. "I've never seen this in the [23 years] I've been in the company," Martinez said, calling the situation "unsustainable." Despite what he described as an inefficient tariff policy against imports, prices are expected to remain at current levels. Brazil implemented a 25pc tariff on 11 steel products from China in June 2024. The policy is set to expire by the end of May. Results Shipments reached 1.14mn t in the period, up 5pc from 1.08mn t a year earlier, driven by 8pc growth in domestic market sales. Slab production fell by 16pc to 812,000t because of a stoppage at the Rio de Janeiro-based Blast Furnace 2 in January. The company expects the asset to remain under maintenance for at least three more months. CSN produced 775,000t of flat-rolled steel in the quarter, 11pc less than a year prior. Long steel output increased by 12pc to 58,000t from a year earlier. The company registered a R732mn loss in the first quarter, 53pc higher than the R480mn loss a year before. By Isabel Filgueiras Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Ethiopia’s EABC still needs up to 400,000t DAP in 2025


25/05/09
25/05/09

Ethiopia’s EABC still needs up to 400,000t DAP in 2025

London, 9 May (Argus) — Ethiopian Agricultural Businesses (EABC) will close a tender to buy 425,390t of DAP on 13 May. Argus estimates it needs to secure the majority of this volume to meet the country's phosphates demand for the 2025 application season. Across all tenders to buy DAP that EABC opened between August 2024-May 2025, the importer awarded 1.16mn t across 18 cargoes. Of this awarded total, Argus estimates only up to 750,000t is likely to be delivered to Ethiopia in a timely manner. This is because some of these awarded cargoes — largely Chinese — did not have firm backing from producers. And the bulk of the awarded Chinese cargoes — which made up almost half of all the awarded cargoes — were not shipped while Chinese producers focused on covering domestic demand. In recent years, Ethiopia had imported phosphate in the form of NPS and NPSB through EABC tenders, generally all from Morocco. But in August 2024, ahead of the 2025 domestic season, EABC switched from importing NPS to asking for DAP 18-46. In its last tender to buy NPS, issued in August 2023, EABC asked for around 1mn t of NPSB and 332,000t of NPS containing 37.7pc and 38pc P2O5, respectively. On a P2O5 basis, the 2023 NPS tender asked for a total of around 1.1mn t of DAP-equivalent. This implies EABC needs to line up a further 350,000-400,000t of DAP, assuming a similar demand for P2O5 as last year. Argus line-up data shows 1.046mn t of NPS shipped from Morocco's Jorf Lasfar to Djibouti in the 12 months following August 2023. On a P2O5 basis, this is probably equivalent to only around 900,000t of DAP. EABC would need to buy 150,000-200,000t more to reach this level. Chinese DAP will probably dominate offers into EABC's 13 May tender. After a hiatus of around six months, Chinese suppliers will likely be able to apply for customs inspections under the CIQ system from mid-May for DAP and MAP cargoes. This implies Chinese DAP exports will resume from as early as late May, in time to meet EABC's requirements. Time running out for Ethiopia's season EABC is likely to struggle to secure the remaining DAP needed before the end of Ethiopia's domestic season. Planting during Ethiopia's Meher — the main rainy season — broadly spans from March to June. In its latest tender to buy DAP, closing on 13 May, EABC asked for a loading period up to mid-July. In 2024, the final cargoes under EABC's 2023-24 tender to buy NPS had already arrived in Djibouti by that time. Under the 23 April and 13 May EABC tenders, cargoes loading in June — particularly from closer origins like Saudi Arabia — could still arrive in time to service the tail end of Ethiopia's DAP season. But the bulk of the country's application season will likely have been missed by then. EABC's next tenders will likely be targeting supply for the 2026 domestic season. DAP is more expensive Tender awards are limited by EABC's allocation of funds for DAP before offers are collected. The importer received eight 60,000t offers ranging from $696.27-748.00/t fob with 30 days of credit in its 23 April tender, and awarded only the lowest offer before scrapping the tender and issuing a fresh one. It rejected revised offers in its 20 February and 25 March tenders, which were above its counterbids at $625/t fob and $647.19/t fob, respectively. Awards in the 13 May tender will likely remain difficult because prices in the global DAP market have risen. DAP prices in India — the global DAP benchmark and a key competitor to Ethiopia — are now around $720/t cfr, up significantly from $590/t cfr at the beginning of August 2024. DAP could go elsewhere Any DAP which Ethiopia does not acquire will find willing buyers elsewhere in south and southeast Asia. India began May with around 1.64mn t of DAP in stock — well below a comfortable 2mn t minimum — and will need to boost imports to build its inventories. Bangladesh will likely issue a private-sector tender in the coming weeks, probably seeking around 500,000t or more of DAP. China is traditionally its main supplier, especially through its private-sector tenders. Demand in southeast Asia has generally seen an uptick because of high rainfall, and many buyers have been holding out for the resumption of Chinese exports. DAP prices have reached $700-715/t cfr southeast Asia on latest sales, but offers are climbing higher. And Pakistan will likely step into the import market to secure tonnes for July-August arrival, ahead of the peak of its domestic season from the end of the third quarter. EABC received offers for Jordanian and Saudi Arabian DAP loading in May in its 23 April tender. It rejected the offers, allowing India to buy probably the same cargoes at $719.50/t cfr earlier this month. By Adrien Seewald Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Brazil's inflation accelerates to 5.53pc in April


25/05/09
25/05/09

Brazil's inflation accelerates to 5.53pc in April

Sao Paulo, 9 May (Argus) — Brazil's annualized inflation rate rose to 5.53pc in April, accelerating for a third month despite six central bank rate hikes since September aimed at cooling the economy. The country's annualized inflation accelerated from 5.48pc in March and 5.06pc in February, according to government statistics agency IBGE. Food and beverages rose by an annual 7.81pc, up from 7.68pc in March. Ground coffee increased at an annual 80.2pc, accelerating from 77.78pc in the month prior. Still, soybean oil prices decelerated to 22.83pc in April from 24.36pc in March. Domestic power consumption costs rose to 0.71pc from 0.33pc a month earlier. Transportation costs decelerated to 5.49pc from 6.05pc in March. Gasoline prices slowed to a 8.86pc gain from 10.89pc a month earlier. The increase in ethanol and diesel prices decelerated as well to 13.9pc and 6.42pc in April from 20.08pc and 8.13pc in March, respectively. The hike in compressed natural gas prices (CNG) fell to 3.5pc from 3.92pc a month prior. Inflation posted the seventh consecutive monthly increase above the central bank's goal of 3pc, with tolerance of 1.5 percentage point above or below. Brazil's central bank increased its target interest rate for the sixth time in a row to 14.75pc on 7 May. The bank has been trying to counter soaring inflation as it has recently changed the way it tracks its goal. Monthly cooldown But Brazil's monthly inflation decelerated to 0.43pc in April from a 0.56pc gain in March. Food and beverages decelerated on a monthly basis to 0.82pc in April from a 1.17pc increase a month earlier, according to IBGE. Housing costs also decelerated to 0.24pc from 0.14pc in March. Transportation costs contracted by 0.38pc and posted the largest monthly contraction in April. Diesel prices posted the largest contraction at 1.27pc in April. Petrobras made three diesel price readjustments in April-May. By Maria Frazatto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Q&A: US' ACE Green bets on LFP batteries


25/05/09
25/05/09

Q&A: US' ACE Green bets on LFP batteries

Singapore, 9 May (Argus) — US-based battery recycler ACE Green Recycling has been focusing on the US market, particularly its upcoming Texas recycling site, and plans to run its lead-acid and lithium-iron-phosphate (LFP) battery recycling operations alongside each other in Texas. Argus spoke with ACE Green Recycling's vice-president of investments and strategy, Aaron Wee, about their Texas site, battery recycling gate fees in Europe and the black mass market. The interview is split into two parts and part two's edited highlights follow: What's your view on the US market? The US market for lead is [one of] the most attractive market in the world. It's where you can find possibly some of the cheapest scrap batteries for lead, and also get some of the highest premiums on refined and alloyed lead. In terms of lithium, obviously the US is either the second- or the third-largest economy for [electric vehicles] and lithium batteries in general. Nowadays, with the improvements in LFP battery technology, the range and energy density problems of the past are now not really an issue. We sort of predicted the shift towards LFP quite some time ago. Back when the recyclers were concerned about nickel-manganese-cobalt (NMC) because we're going to get nickel, we're going to get cobalt. That was a relatively easy win for a lot of recyclers. But for us, LFP was always going to be the battery of the future. In fact, in our Texas project, we've already [begun the process of acquiring] the land and the facilities to combine both our battery recycling technology stacks and to co-locate them in a single location. But lead will start first because lead is going to make money tomorrow. LFP might take a little bit of time before feedstock actually comes in. What does ACE think of gate fees, especially in Europe? Does it distort the long-term consideration when setting up battery recycling operations? From a commercial point of view, I think depending on the battery type, that would be €500-800/t of batteries for gate fees in Europe. This may or may not hold over the next couple of years as more recycling capabilities are deployed in Europe. We won't say no to just getting money to recycle them. But our ultimate goal is not to rely on gate fees as a commercial strategy. Moving forward, I don't think any company can rely on gate fees as a strategy. It just won't be tenable. Eventually, somebody's going to be able to do it cheaper and better than you. And if you rely on gate fees, that's the end game right there. Gate fees are usually correlated with the price of lithium. [If] the price of lithium goes up, then recyclers won't [need to] rely on [gate fees]. Chances are we're going to be looking at maybe $12,000/t of lithium carbonate, [or] maybe $11,000 by the end of this year. What does ACE feel about the current pricing mechanism of black mass, battery scrap or even lithium? The correlation between lithium prices and black mass is very strong. But black mass as a commodity is a little bit trickier to export to China because of the regulations. Once they accept black mass [imports], especially LFP black mass, that will have a significant change. There will also perhaps be a fall in prices in the rest of the world because now they can sell to China, not just internally in their own domestic markets. Depending on how trade barriers may or may not come up over the next couple of months, we should see a shift in how black mass is priced. By Joseph Ho Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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