July 2016

Mitsubishi Materials will set up $40m e-scrap recycling centre in Moerdijk

Mitsubishi Materials Corp will spend ¥4 billion ($40 million) to set up facilities in the Netherlands to receive, inspect and sample e-scrap from the European market, the company told investors on Monday July 4.

Chinese fund Dunhe optimistic on aluminium, zinc prices; bearish on copper

Aluminium and zinc prices could rise on the back of destocking and capacity reductions, while copper prices continue to face supply pressure, the head of commodity research at a leading Chinese hedge fund said on Saturday July 2.

Bonnell Aluminum resumes extrusion, finishing operations but casthouse still closed

Bonnell Aluminum has resumed extrusion and finishing operations at its plant in Newnan, Georgia, USA, but is keeping its casthouse closed pending an investigation into an accident there earlier this week, the company said.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday July 1: