January 2016

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

YUAN DEPRECIATION: Drop puts pressure on Chinese buyers of imported bauxite, alumina

A declining yuan could hit Chinese buyers of imported bauxite and alumina, and put pressure on the domestic aluminium supply chain.

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.

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

PRICING NOTICE: New monthly fob Brazil alumina index

Following a market consultation, Metal Bulletin is launching a monthly fob Brazil alumina index, to begin on Friday January 29.

ALUMINA INDEX: Refinery cuts, disruption offer upside to alumina prices

Alumina prices made slight gains last week, as refinery cuts and disruptions started to have a positive impact on the market.

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: