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Obstacles persist in nonferrous markets
12 JUN 20132MINS

Obstacles persist in nonferrous markets

Government “meddling” in the form of bans and other restrictions on nonferrous scrap exports reflected the influence of consumers “who falsely believe that scrap processed within their borders by us is inherently theirs to consume, regardless of its origin,” BIR Nonferrous Metals Division President...

Novelis celebrates roofing ceremony for its $250 million aluminum recycling plant in Germany
10 JUN 20132MINS

Novelis celebrates roofing ceremony for its $250 million aluminum recycling plant in Germany

Novelis on Wednesday celebrated the roofing of its $250 million aluminum recycling and casting center at its plant in Nachterstedt, Germany, with building construction partner Köster GmbH. Located adjacent to the company’s existing aluminum rolling mill, the new center will produce up to 400,000...

ALBA - Miracle Group partnership expands to include nonferrous scrap
06 JUN 20132MINS

ALBA - Miracle Group partnership expands to include nonferrous scrap

The German recycling company ALBA Group, based in Cologne, has agreed to expand its recycling business partnership with China’s Jiangsu Miracle Logistics System Engineering Co. Ltd. The expansion was commemorated with a signing ceremony meeting between German Chancellor Angela Merkel and the new...

Global trading house Trafigura eyes US aluminum scrap market
04 JUN 20132MINS

Global trading house Trafigura eyes US aluminum scrap market

Global trading house Trafigura AG/Nems (USA) Inc. is considering an entry into the U.S. secondary aluminum market, market sources said. To date, Trafigura’s only known involvement has been as a trader of the London Metal Exchange's North American special aluminum alloy contract (Nasaac), a...

Aluminum scrap prices get boost from LME
04 JUN 20132MINS

Aluminum scrap prices get boost from LME

Mill-grade aluminum scrap prices strengthened on May 30, in step with an increase in primary metal on the London Metal Exchange. Prices for 5052 segregated low-copper alloy clips rose to 88 to 90 cents per pound from 87 to 89 cents, 3105 clips increased to 80 to 82 cents per pound from 79 to 81...

Aluminum scrap prices dip slightly
31 MAY 20132MINS

Aluminum scrap prices dip slightly

Some grades of secondary smelters’ aluminum scrap fell on May 28, as market participants said that scrap supply continued to loosen over the past week. Prices for old sheet, which serves as a primary feedstock for the production of aluminum alloy A380.1, fell a penny to 67 to 69 cents per pound...

Indian foundry units face USD 1.95 billion export loss
30 MAY 20132MINS

Indian foundry units face USD 1.95 billion export loss

Indian foundry units are facing a severe threat of losing USD 1.95 billion of exports business to competing countries like China and Taiwan due to the recent levy of import duty on metal scrap - the only raw material for producing critical equipment for the heavy-engineering sector. Effective May...

Aluminum wheel prices falter amid supply surge and LME dip
29 MAY 20132MINS

Aluminum wheel prices falter amid supply surge and LME dip

Prices for scrap aluminum wheels have fallen since the start of May as recent downturns on the London Metal Exchange coupled with greater supply have caused the wheel market to "soften slightly," sources say. Free-market transaction tags for 356.1 wheels are at 86 to 89 cents per pound, down from...

European aluminium alloy spot prices remain flat irrespective of a well-supplied market
29 MAY 20131MINS

European aluminium alloy spot prices remain flat irrespective of a well-supplied market

European aluminum alloy spot prices remained flat this week as both monthly and quarterly consumers keep the pressure on in a well-supplied market. Producers have been pushing in vain to increase spot levels for the key grade of secondary aluminum, standard 226, above Eur1,700/mt ($2,189/mt) and...

Novelis invests £1.7m in Warrington plant
27 MAY 20131MINS

Novelis invests £1.7m in Warrington plant

Metal recycling specialist Novelis has completed a £1.7m upgradation of its can recycling plant in Warrington. The global group says the investment will double the facility’s capacity to process contaminated drinks cans, enabling it to meet the growing demand for recycled aluminium. The new...

Aluminium recycling draws attention as long term solution to waste management problems
22 MAY 20133MINS

Aluminium recycling draws attention as long term solution to waste management problems

Increased recycling could be the long term solution to managing some of the Cayman Islands’ waste management problems. While many politicians have focused on how to deal with the George Town dump, less has been said about how Mount Trashmore got so big in the first place. The Cayman Islands lags...

Novelis extends Italian operations
20 MAY 20133MINS

Novelis extends Italian operations

Aluminium rolling and recycling company Novelis has announced the opening of a new aluminium recycling and continuous casting line at its Pieve Emanuele facility in Milan, Italy. The €12 million (£10.1 million) expansion marks the company’s ‘largest single investment in Italy in the past decade’...

Novelis to boost aluminum sheet output 6% in fiscal 2014, no acquisitions in the works: CEO
17 MAY 20132MINS

Novelis to boost aluminum sheet output 6% in fiscal 2014, no acquisitions in the works: CEO

US aluminum sheet maker Novelis expects to produce around 3 million mt globally in its 2014 fiscal year, around a 6% rise compared with its current output, with the majority of the growth coming from existing South American and Korean expansions CEO Phil Martens said in an interview Tuesday....

Novelis' recycling strategy helps lift profit
16 MAY 20133MINS

Novelis' recycling strategy helps lift profit

Novelis Inc, the world's largest producer of rolled aluminum products, reported a quarterly profit on Tuesday, versus a year-earlier loss, boosted by stronger demand and better cost controls. The company, a unit of India's HindalCo Industries Ltd , said it was able to push through unexpected...

Aluminum MMI®: Indian Primary Aluminum Price Rises 8.1% for the Week
15 MAY 20131MINS

Aluminum MMI®: Indian Primary Aluminum Price Rises 8.1% for the Week

The biggest mover on the weekly Aluminum MMI® was the Indian aluminum cash price, which saw a 8.1 percent increase. This comes on the heels of a 5.0 percent decline the week prior. The primary aluminum cash price rose 5.5 percent on the LME to $1,886 per metric ton after falling 4.4 percent during...

Government imposes 2.5% import duty on aluminium scraps
14 MAY 20131MINS

Government imposes 2.5% import duty on aluminium scraps

The government has imposed 2.5 per cent import duty on aluminium scraps. The measures were taken through two different notifications issued on Wednesday by the Finance Ministry. It did not give reasons for making changes except saying that it is in public interest. "In exercise of the powers...

Primary aluminum price support shaky as monthly index holds steady
09 MAY 20132MINS

Primary aluminum price support shaky as monthly index holds steady

The monthly Aluminum MMI® registered a value of 93 in May, on par with April’s value. In fact, only the cash and 3-month LME aluminum prices fell from one month ago, whereas Chinese billet, bar and scrap saw modest increases. “Aluminum likely remains range-bound as absent any dramatic drop-off in...

Cash price of Indian aluminum switches direction
03 MAY 20131MINS

Cash price of Indian aluminum switches direction

Following two days of increases, the Indian aluminum cash price dropped by 2.3 percent on Monday, April 29. On the LME, the primary aluminum cash price rose 0.4 percent to $1,890 per metric ton. After a 0.4 percent increase, the 3-month price of aluminum finished the day on the LME at $1,922 per...