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With announcement of new iPhone, Poll finds questions abound about recycling old cell phones
11 SEPT 20133MINS

With announcement of new iPhone, Poll finds questions abound about recycling old cell phones

As plans for the new iPhone 5S and 5C are expected to be announced today at Apple’s Media Day, a new online poll conducted by Earth911 for the Institute of Scrap Recycling Industries (ISRI) finds that nearly 60 percent of the people who do not recycle old cell phones fail to do so because they...

Recycling education partnership to inspire student scientists
10 SEPT 20132MINS

Recycling education partnership to inspire student scientists

With the start of the new school year, millions of children will have the opportunity to learn the science of recycling thanks to a new partnership between the scrap recycling industry and JASON Learning. The Institute of Scrap Recycling Industries (ISRI) and JASON Learning have worked together to...

China's import situation in aluminum industry in August
10 SEPT 20131MINS

China's import situation in aluminum industry in August

Data from China's General Administration of Customs showed that in August, China imported 140,000 tons alumina; January to August, the imported alumina totaled 2.03 million tons, down 37.5% compared with the same period in 2012. In August, China imported 86,209 tons unwrought aluminum; January to...

LME prices shackle European secondary aluminium
09 SEPT 20132MINS

LME prices shackle European secondary aluminium

European secondary aluminium prices remained stable on Friday September 6, with both ingot and scrap values being shackled by low London Metal Exchange aluminium prices. DIN226 gravity diecasting ingot stayed at €1,800-1,860 ($2,371-2,450) per tonne. Ingot producers reported good-volume sales for...

Currency rates and LME figures stifle UK secondary aluminium price
06 SEPT 20133MINS

Currency rates and LME figures stifle UK secondary aluminium price

UK secondary aluminium prices stayed flat on Wednesday September 4, with unfavourable currency rates and low London Metal Exchange (LME) prices preventing any increases for both ingot and aluminium scrap. LM24 pressure diecasting ingot continued to trade at £1,520-1,570 ($2,364-2,442) per tonne,...

China exported 280,000 mt of aluminum semis during July 2013
05 SEPT 20131MINS

China exported 280,000 mt of aluminum semis during July 2013

China exported 280,000 mt of aluminum semis during July, an increase of 21.74% from the same period last year. YTD exports through July totaled 1.76 million mt, also up 6.67% from a year earlier. Aluminum extrusion exports in July, however, fell 25.2% YoY to 54,000 mt, dragged down by weak overseas...

Alcoa to form “Alcoa Recycling”  to further drive aluminum recycling
05 SEPT 20133MINS

Alcoa to form “Alcoa Recycling” to further drive aluminum recycling

Alcoa today announced it will combine its group charged with recycling aluminum in the packaging market, Evermore Recycling, with its aluminum scrap purchasing group which recycles aluminum used in other markets such as aerospace, automotive, and industrial into a single organization -- “Alcoa...

Aluminium scrap scarcity raises the price of European magnesium
03 SEPT 20132MINS

Aluminium scrap scarcity raises the price of European magnesium

European magnesium prices rose on Friday August 30, on substitution buying due to the lack of availability of aluminium scrap, market sources said. “Magnesium consumption grows on substitution in Europe when the market lacks aluminium scrap,” a trader said. “We’ve been doing more [deals], and...

UK secondary aluminium producers seek scrap
02 SEPT 20132MINS

UK secondary aluminium producers seek scrap

UK secondary aluminium producers are trying to source scrap metal ahead of expected price increases due to tight supply, Metal Bulletin has been told. “It’s hard to get out in front, but we’re doing what we can to buy scrap in,” one producer said. “Buying scrap now is the right thing to do.” Scrap...

Aluminum scrap price in China hit with big daily drop
30 AUG 20131MINS

Aluminum scrap price in China hit with big daily drop

On Tuesday, August 27, Chinese aluminum scrap fell by 4.1 percent, making it the day’s biggest mover. The Chinese aluminum cash price declined 0.2 percent. The price of Chinese aluminum bar continues hovering in place for the fifth day in a row. For the fifth consecutive day, the price of Chinese...

Scrap aluminum wheel prices on a high due to rising demand
29 AUG 20132MINS

Scrap aluminum wheel prices on a high due to rising demand

Scrap aluminum wheel prices have risen since the middle of August as demand continues to outpace supply. Free-market transaction prices for 356.1 wheels are between 86 and 89 cents per pound, up from 85 to 88 cents Aug. 13, traders said. One trader noted that he had seen an uptick in trading...

Ye Chiu Metal Recycling reports 22.4% drop in H1 profit
28 AUG 20132MINS

Ye Chiu Metal Recycling reports 22.4% drop in H1 profit

Ye Chiu Metal Recycling (China) Ltd. reported a 22.4% decline in first half’s profit due to sluggish aluminium alloy market and restated its expansion plans on China’s policy support. It made a net profit of 71.9 million yuan ($11.6 million) or 0.18 yuan per share in the first six months, Asia’s...

LME 3-Month Price of Aluminum Drifts Downwards
24 AUG 20131MINS

LME 3-Month Price of Aluminum Drifts Downwards

The 3-month price of aluminum saw the biggest decline of the day, dropping 1.3 percent on the LME to close at $1,905 per metric ton on Wednesday, August 21. On the LME, the primary aluminum cash price declined 1.3 percent to $1,848 per metric ton. The cash price of primary Indian aluminum,...

South African Govt allows local scrap buyers 20% subsidy on spot price
23 AUG 20133MINS

South African Govt allows local scrap buyers 20% subsidy on spot price

A new policy directive enabling local buyers of scrap metal to get it at 20% below the international spot price, have been welcomed by fabricators and smelters, amid the hope that this will stem growing exports of scrap metal to Asia. The directive, introduced by government in early August, is...

Hulamin serious about aluminium recycling
23 AUG 20134MINS

Hulamin serious about aluminium recycling

Aluminium producer Hulamin is taking a serious stab at securing a substantial slice of its raw material needs from recycling. This could be a game changer for cost-efficient supply arrangements. Hulamin is working hard to change market perceptions that its beneficiation model is not competitive in...

Metal recycling units plead for protection from Indian Govt
22 AUG 20132MINS

Metal recycling units plead for protection from Indian Govt

Hit hard by the recent levies of import duty on scrap, around 4,500 metal recycling units are facing closure due to cheaper import from Asian countries; worse is in store with the process of signing Free Trade Agreements (FTAs) with these countries. There is now a tariff of 2.5 to five per cent on...

Tight scrap supply keeps Russian AK5M2 aluminum prices high
21 AUG 20132MINS

Tight scrap supply keeps Russian AK5M2 aluminum prices high

Russian AK5M2 aluminum prices have stayed supported at $2,000/mt for the past six months, as slowing car sales have led to fewer cars getting dismantled, generating less scrap supplies, Japanese market sources said Tuesday. This week, AK5M2 -- melted aluminum scrap used as ADC12 aluminum alloy...

China Aluminum up in Base Metal Market
08 AUG 20131MINS

China Aluminum up in Base Metal Market

Following a three-day flat streak, the price of Chinese aluminum bar climbed by 1.1 percent on Tuesday, August 6. After two changeless days, the cash price of Chinese aluminum fell 0.2 percent. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row. The price of...