March 2012

Fire hits Alcoa’s Massena West casthouse

A fire at Alcoa Inc.’s Massena West facility in upstate New York has forced the aluminum producer to halt casthouse production.

Alcoa hikes certain heat-treat sheet, plate products

Alcoa Inc.’s global aerospace, ground transportation and industrial and specialty products division announced a 5-percent price increase on all 2000- and 7000-series heat-treated sheet and plate products, effective with new orders placed on or after March 30.

Aluminum Shapes, union sign labor pact

Aluminum Shapes LLC and Teamsters union Local 837 have signed a four-year labor contract covering nearly 200 employees at the company’s Pensauken, N.J., extrusion plant.

MEIR ON METALS: Metals rebound on weak dollar; Chinese weekend macro numbers awaited

Analyst Ed Meir looks at what is moving the metal markets on Friday March 30.

Base metal prices see strong finish to Q1 in LME officials

Base metal prices increased in the official session on the London Metal Exchange on Friday March 30, with all but aluminium settling above their opening prices on the last trading day of the first quarter.

MB ALUMINA INDEX: $316.20: March 30

Metal Bulletin’s fob Australia alumina index slipped on Friday March 30 to $316.20 per tonne from $318.83 per tonne last week as demand wanes and oversupply continues

Base metals rebound in LME pre-market

Base metal prices rebounded slightly in pre-market trading on the London Metal Exchange on Friday March 30, as the euro traded back above $1.33.

Operational problems freeze potlines at BHP Billiton Al smelter

Operational problems at BHP Billiton’s 700,000-tpy Hillside aluminium smelter in South Africa have caused a number of potlines to freeze and taken BHP into the market to buy material to cover, a source close to the company said.

Shanghai copper prices inch up 0.3% in an uncertain week

Shanghai Futures Exchange copper rose 0.3% on the week, as the metal moved in narrow ranges amid sluggish China demand and a slowly improving US economy.

LME ASIAN WRAP: Copper prices rise before European finance meeting

Copper prices edged up in early Asian trading on the London Metal Exchange, as the prospect of an increase in European rescue lending raised sentiment.