December 2012

Chinese silicon exporters raise fob prices on yuan appreciation, tight supply

Chinese exporters of silicon metal have raised fob prices after continuous yuan appreciation lifted costs and dry season tightened supplies.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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

US aluminium scrap, alloy prices rise amid tightening supply

Free-market US aluminium scrap and secondary alloy prices rose on Monday, as buyers reported that scrap has become more difficult to purchase, with some dealers withdrawing from the market until 2013.

British scrap company offers cheque-cashing service; allays fears over legal compliance

UK-based scrap company EMR has developed a cheque-cashing service for its customers in the wake of the legal aid, sentencing and punishment of offenders (LASPO) act, which was made law in England and Wales on December 3.

CFTC must do more to protect commodities customers’ funds: ISRI

The Institute of Scrap Recycling Industries has asked the Commodity Futures Trading Commission (CFTC) to give commodities customers the option to opt out of granting futures commission merchants access to their funds for investment purposes.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

Sims expands North American recycling with Genesis buy

Sims Metal Management has completed its acquisition of a Canadian electronics recycling company, barely three months after a buy in Maryland, the company said on Thursday, December 5.

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 prices flat; rises expected before New Year

UK secondary and scrap aluminium prices remained flat on Wednesday December 5, but there is some suggestion among market participants that they could rise before the end of the year.

Sims sells Arizona scrap yards to SA Recycling

Sims Metal Management has sold two scrap metal recycling operations in Arizona to SA Recycling, the company announced over the weekend.