September 2015

UK aluminium scrap price falls slow

The recent falls in UK aluminium scrap prices have slowed as the supply surplus has eased, with less aluminium scrap being collected domestically and more material being sold into international markets.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday September 30:

New Kitimat aluminium smelter up to 25% of planned capacity, full capacity expected early next year

Rio Tinto now has 101 pots in operation out of an eventual 384 at its new AP40 potline in Kitimat, British Columbia, and is currently running at about 25% of its planned full capacity of 420,000 tpy.

ASIAN MORNING BRIEF: Latest metal market news on September 29

A round-up of the latest metal market news to start the day in Asia on Tuesday September 29.

HOTTER ON METALS: Alcoa does the splits

Alcoa is to split itself into two separate companies, one focusing on its upstream business and the other on the value-add, technology-driven side of its activities.

Alcoa to split into two publicly traded companies

Alcoa will split into two independent companies, one focused upstream on bauxite, alumina and aluminium, and the other downstream on high-tech materials across a range of products and markets, the company said on September 28.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday September 25:

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

All MB non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday September 23.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

All MB non-ferrous European scrap prices were unchanged on Friday September 18.

MILLING ABOUT: James Mammone leaves BTG Pactual, to set up in Dubai

James Mammone and members of the physical trading team he ran at Grupo BTG Pactual SA have left to pursue a refined metal and scrap trading opportunity in Dubai, people familiar with the situation said.