December 2013

FACTS: China's imports of steelmaking raw materials up in November

Chinese imports of steelmaking raw materials rose in November, with the country aquiring record levels of iron ore during the month.

BTG Pactual hires former INTL FC Stone physical metals team

Grupo BTG Pactual SA has beefed up its metals activities further with the hire of a physical trading team led by former INTL FCStone's James Mammone, people familiar with the matter told Metal Bulletin.

REVIEW OF 2013: Brazil's aluminium market – a year of supply woes, high premiums, tough negotiations

Brazil's domestic aluminium premiums shot up this year on fears of inadequate supply, forcing market participants to secure material through contracts.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

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 secondary Al market gears up for tight January

UK secondary aluminium producers are gearing up for a tight market in January next year, with strong demand for ingot meeting a seasonal dip in scrap collection rates.

Aurubis shows $316m pre-tax loss; operating profit falls 62%

Copper producer Aurubis has recorded an IFRS pre-tax loss of €230 million ($316 million) for its 2012-13 fiscal year, compared with earnings of €516 million in the prior year, it said.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

European secondary Al customers wait to book Q1 needs

European secondary aluminium consumers will be active in the spot market early next year after booking sparingly on long-term contracts and leaving much of their first-quarter requirements to short-term buying.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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