May 2016

ALUMINA INDEX: Prices tumble on China restart, concerns about import demand

Persistent rumours of refinery restarts in China and improved liquidity in the spot market dragged alumina prices down last week.

COMMENT: Tides are turning in favour of Guinean bauxite miners

Despite its high-quality natural resources, which include more than half the world’s bauxite, Guinea has long been on the fringes of the mining industry.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday May 27:

Magna will build new UK aluminium diecaster

Canadian automotive supplier Magna International will build an aluminium diecasting facility in Telford, UK, to provide cast automotive products chiefly for Jaguar Land Rover.

Metal industry calls for clarity over producer costs in the EU circular economy package

The European Commission’s (EC) revised circular economy package (CEP) proposals – which includes an action plan and new legislative proposals on waste – risks making producers pay for everything, not just the collection and sorting of packaging, representatives of key metal processors have claimed.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday May 25:

China alumina imports fall in April amid rises in prices

China’s alumina imports fell sharply in April as rises in global prices deterred Chinese buyers.

ALUMINA INDEX: Buyers hold for lower prices on bearish market signals

Alumina buyers expect prices to fall sharply in the coming weeks as spot liquidity returns to the market, and have delayed purchases accordingly.

IN FIGURES: China's base metal imports in April

A summary of China’s base metal imports figures for April.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday May 20: