October 2013

Brazil’s Alloys, Norsk Hydro’s Albras commit to future aluminium supply

Brazilian aluminium producer Alloys Representações Comerciais, Norsk Hydro subsidiary Albras and Pará state government have signed a commitment to future investments in the local aluminium production chain, Metal Bulletin understands.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday:

UK aluminium scrap market moves into balance

UK secondary aluminium prices were broadly stable on Wednesday October 23, while scrap moved into balance after dealers started offering more material to the market last week.

German recycler Scholz sells non-core assets to serve debt

German recycling group Scholz AG has agreed the sale of two European assets as it seeks to reduce debt levels, the company said on Monday October 21.

European secondary Al flat as market makes 2014 plans

European secondary aluminium ingot prices stayed flat on Friday October 18, with activity slowing ahead of negotiations over 2014 supply contracts.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday:

MB RESEARCH: A radical reassessment of China's future scrap consumption

Metal Bulletin Research’s latest study of the global ferrous scrap sector, A Strategic Five Year Outlook to the Global Ferrous Scrap Industry, is available now and shows why Chinese scrap consumption will remain high over the next decade.

HOTLINE: Cronimet buys stake in Destimet

Raw materials company Cronimet has acquired a minority shareholding in Destimet Green Services.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday:

UK Al scrap dealers relent, offer metal into market

Large scrap dealers in the UK have started offering material to customers that they had been holding back in the hope of pushing up prices, sources said on Wednesday October 16.