July 2012

Nasaac availability weighs on spot aluminium alloy pricing

Free-market secondary aluminium alloy prices were stable on Monday, with the steady release of North American special aluminium alloy contract (Nasaac) material from London Metal Exchange warehouses keeping a lid on the market, according to traders.

Coca-Cola to hike UBC buying by 50%

Coca-Cola Recycling is seeking to boost its used beverage can (UBC) scrap purchasing by at least 50% in 2013, leading some traders to forecast further price increases as competition for UBCs mounts, even as others expect to see no change as a result.

Former Nichols employees join Alcoa’s Iowa workforce

Former Nichols Aluminum plant workers who kicked off a nearly three-month strike in January have taken jobs at Alcoa’s neighboring facility in Davenport, Iowa, after failing to be rehired.

LORD COPPER: How will HKEx repair value after buying the LME?

The Hong Kong Exchange will have taken proud possession of the London Metal Exchange by the end of the year, so what are they going to do with it?

CLOSE TO CLOSE: Copper prices inch higher at end of month in LME kerb

Copper prices finished the day marginally higher in kerb trading on the London Metal Exchange on Tuesday July 31 as buying activity at the end of the month provided a degree of support.

LME copper prices fail to hold $7,600 in officials as market pines for news

London Metal Exchange copper prices failed to hold above $7,600 per tonne in official trading on Tuesday July 31 as the lack of news from EU and US policymakers left markets nervous.

European aluminium market adapts to low prices, high premiums

European aluminium premiums are holding at their record high levels during the traditionally quiet summer months, as producers and their customers begin to accept that the reality of low London Metal Exchange prices and high Metal Bulletin premiums will not change in the medium term.

Guinea to sign $6bn bauxite, alumina deal with CPI in September

China Power Investment Corp (CPI) expects to sign an agreement with Guinea’s government on its planned $6 billion bauxite mining and alumina refinery investment in September.

Natixis floor team departs as broker winds down

Natixis has disbanded its 20-strong ring-dealing team and given up its seat on the floor of the London Metal Exchange, as it continues to wind down its commodities brokerage business.

PRICING CORRECTION: Singapore aluminium premiums

Due to a repeated input error, our Singapore aluminium premiums assessment was published incorrectly from July 13 until July 26.