January 2016

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday January 29:

Ball net earnings drop; on track to close Rexam deal in H1

Ball Corporation reported a decline in its 2015 net earnings amid anticipated currency translation and project start-up cost headwinds, and said its acquisition of Rexam PLC is on track to close in the first half of 2016.

UK secondary Al prices may turn on reopening European market

UK secondary aluminium ingot prices may have bottomed as the continental European market is now open to UK sellers, thanks to recent currency moves.

Aurubis shares drop 11% as weak scrap markets, low copper prices dent profits

Copper producer Aurubis saw shares drop by as much as 11.1% on Wednesday January 27, after the Hamburg-based company warned that weak scrap supply and low metal prices dented profits in its fiscal first quarter ended December 31.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday January 27

IN FIGURES: China’s base metal imports in December

Summary of China’s base metal imports figures for December

MONDAY BRIEF: Infographic for January 25

The infographic for Monday January 25.

End of Iranian sanctions sets up perfect storm for aluminium wire

The lifting of economic sanctions against Iran has opened up a market that will demand a lot of aluminium wire for new power transmission and infrastructure, at a time when aluminium substitution in the cable industry is accelerating, sources said.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday January 22:

Copper scrap consumers scramble for material

The copper scrap market continues to feel the squeeze of tighter supplies as persistent Chinese demand, combined with weak scrap flows, have some consumers scrambling to secure material.