November 2013

European secondary Al ingot prices fall as consumers delay buying

European secondary aluminium ingot prices fell on Friday November 8, as lower prices that had been confined to certain southern and eastern regions pervaded the rest of the continent.

HOTTER ON METALS: LME talks tough on warehousing ‘abuse’

The London Metal Exchange isn’t just rewriting the rules on warehousing, it is going to make sure that they are obeyed in spirit and in letter.

Brazilian Alloys & Metals to save costs at Al operations

Brazilian aluminium producer Alloys & Metals Reciclagem de Metais intends to save costs at its future operations in Pará state, in the north of Brazil, by processing liquid metal, Metal Bulletin understands.

Brazil remains leader in aluminium can recycling

Brazil recycled 97.9% of all aluminium cans consumed in the country in 2012, making it the top can recycler in the world for the 11th year in a row.

UK secondary Al, scrap prices expected to fall in short term

UK market participants are expecting declines in aluminium scrap and secondary ingot prices in the coming weeks, on weakness on the London Metal Exchange.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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

Private equity firm in talks to buy two Oetinger plants

Private equity firm Orlando Fund is one of a number of companies interested in purchasing the two remaining secondary aluminium plants from troubled German company Oetinger, Metal Bulletin understands.

Metal recyclers in South Africa lose bid to block new export rule

A South African court has dismissed an attempt by the Metal Recyclers Assn (MRA) to block a new trade rule that will force recyclers to offer material into the domestic market at a 20% discount.

MB 21st RECYCLED AL CONF: Chinese scrap buyers could go for purer forms, Sims’ Lion says

As Chinese companies invest in more domestic scrap facilities, there will be a push for scrap “in a less-processed state”, Michael Lion, chairman of Sims Metal Management Asia, said at Metal Bulletin’s 21st Recycled Aluminium conference in Dubai.

MB 21st RECYCLED AL CONF: High scrap prices here to stay, Intals' Marco Vedani says

Europe is in for an extended period of high scrap prices, as demand spikes from remelters and imports fall, Marco Vedani, md of Intals (formerly Vedani Carlo Metalli) said at MB’s 21st Recycled Aluminium conference in Dubai.