January 2014

Pacorini, BTG Pactual approved at Owensboro Riverport

Pacorini Metals of Baltimore and BTG Pactual have been approved by the Owensboro Riverport Authority (ORA) in Kentucky for the storage of aluminium.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

European secondary Al flat as business stays contracted

European secondary aluminium prices were flat on Friday January 31, as producers service quarterly contracts and have little material to deliver into a weak spot market.

Primary lead premiums up $10-20 in Europe, secondary competition remains strong

European primary lead producers have been able to secure a $10-20 rise in contractual premiums for this year, despite facing competition from recyclers producing high-quality secondary feed.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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

SPOTLIGHT: Indian secondary non-ferrous industry needs clear majority in upcoming election – Shah

Indian non-ferrous metal recyclers are hoping for a stable, majority government, following this year’s elections, to avoid a further squeeze on the ailing secondary metal sector, Dhawal Shah, director of Metco India and a vp of the Metal Recycling Assn of India (MRAI), told Metal Bulletin.

Positive indications for Oetinger in 2014

Things are looking up for German secondary aluminium company Oetinger, after a particularly tough year in 2013, during which it went into administration, a source close to the company said.

Announcement on Affinage de Lorraine expected in February

An announcement is expected in mid-to-late February on the fate of Affinage de Lorraine, formerly the French arm of German secondary aluminium company Oetinger.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

PRICING NOTICE: Metal Bulletin prices on January 24 2014 now updated

Metal Bulletin has rectified an earlier technical error.