November 2016

Rio Tinto commits to $5bn free cash flow in productivity drive

Miner Rio Tinto has launched a new productivity drive which would generate $5 billion of additional free cash flow over the next five years, it said on Thursday November 24.

ARABAL 2016: Emirates Global Aluminium to ship first bauxite sample from Guinea to China

Emirates Global Aluminium (EGA) was preparing to ship its first sample bauxite consignment to China, Abdulla J M Kalban, md and ceo of EGA, told delegates at ARABAL in Dubai on Tuesday November 22.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 23/11

The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday November 23:

MB 24th RECYCLED AL CONF: Government, middle class will boost Indian secondary sector

The Indian recycling industry will be lifted in 2017 and beyond, as government policy meets a growing aspirational middle class, Dhawal Shah, director of Metco Marketing India, said at Metal Bulletin’s 24th International Recycled Aluminium conference in Bratislava.

ASIAN MORNING BRIEF 23/11: LME client interest; Recycled Al Conf; Indonesian tin stocks

The latest metal markets news and prices for the start of the Asian morning on Wednesday November 23.

MB 24th RECYCLED AL CONF: US government reviewing CAFE standards

The Corporate Average Fuel Economy (CAFE) standards in the USA are being reviewed by the US government, Kevin Moore, president of All Raw Materials Consulting, said at Metal Bulletin’s 24th International Recycled Aluminium conference in Bratislava.

MB 24th RECYCLED AL CONF: Ingot producers need auto ties

Secondary aluminium ingot producers will need close ties with automotive manufacturers in order to maintain access to sufficient volumes of scrap, Peter Dahmen, md at Metallhandelsgesellschaft Schoof & Haslacher, said at Metal Bulletin’s 24th International Recycled Aluminium conference in Bratislava.

MB 24th RECYCLED AL CONF: European scrap prices not reflecting supply levels

European scrap prices are not reflecting the market’s fundamentals and should be lower than they are, Frans Bijlhouwer, director at Netherlands-based Quality Consultants, said at Metal Bulletin’s 24th International Recycled Aluminium conference in Bratislava.

Rusal completes sale of Alpart to Jisco for $299m

Aluminium producer UC Rusal has completed the sale of its 100% stake in the Alumina Partners of Jamaica (Alpart) production complex to China's Jiuquan Iron & Steel (Jisco) for $299 million.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 18/11

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday November 18: