June 2016

Alcoa signs multi-year supply deal with commercial jet maker Embraer

Lightweight metals producer Alcoa has signed a multi-year, $470 million aluminium supply agreement with commercial jets manufacturer Embraer, the company said.

Bonnell's Newnan aluminium ops suspended after casting area accident

An accident in the casting area at the Bonnell Aluminum plant in Newnan, Georgia, earlier on Wednesday injured five employees and led to the evacuation of the area and suspension of operations, the company said.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday June 29

BREXIT: Leave vote sparks confusion in secondary aluminium market

The UK’s decision to leave the EU has sent shockwaves through the continent, and the secondary aluminium industry has no idea how the decision will affect business – even among those in the UK who voted for Brexit.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

All MB non-ferrous European scrap prices were unchanged on Friday June 24.

China May alumina imports up 70.8% m-o-m

China’s May alumina imports dropped by 48.5% year-on-year to 175,349 tonnes, but were up 70.8% from the two-year low hit in the previous month, according to the latest Chinese customs data.

UK secondary aluminium prices hold but are starting to feel the pressure

UK secondary aluminium and aluminium scrap prices held firm on Wednesday June 22, but pressure is building on margins that are already practically non-existent.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

All Metal Bulletin non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday June 22.

COPPER RECYCLING CONF: The cathode market is long – KME

While the scrap market is tight, there is currently a plentiful supply of copper cathode in the European market, Marco Calamia, the head of metals at KME, told delegates at the fifth Metal Bulletin Copper Recycling conference in Munich.

Ball clears final regulatory hurdle in EU for Rexam acquisition

Ball Corp has received formal approval from the European Commission (EC) for its proposed $8.4 billion acquisition of Rexam plc and has now cleared the final regulatory hurdle in Europe for the deal, it said.