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China is developing as an aluminium scarp import country
11 MAR 20132MINS

China is developing as an aluminium scarp import country

World Aluminium Market reported that China has developed from a large aluminium manufacturing country to a primary powerful country. Meanwhile, China is also a large aluminium scarp import country. Chinese scarp import volume in 2011 was 2.69 million tonnes while export volume was 1200 tonnes. It...

Q2 aluminium demand stable but spot prices high in Europe
11 MAR 20133MINS

Q2 aluminium demand stable but spot prices high in Europe

Spot aluminum alloy prices crept higher in Europe this week as a number of buyers secured April and second-quarter supplies. Standard grade 226,the main traded recycled aluminum,rose by Eur10 ($13.03) to Eur1,700/mt and above in Germany, Europe's key market. The Platts assessment for 226 moved up...

China aluminum scrap price breaks flat spell
07 MAR 20131MINS

China aluminum scrap price breaks flat spell

The price of Chinese aluminum scrap fell 1.8 percent on March 5, 2013, making it the day’s biggest mover after three days of flat prices. The Chinese aluminum cash price steadied following two days of dropping prices. The price of Chinese aluminum bar was unchanged. Following two days of downward...

 Daily aluminum price falling at Base Metal Market
06 MAR 20131MINS

Daily aluminum price falling at Base Metal Market

Current Aluminum Prices On March 4, 2013, the day’s biggest mover was the cash price of primary aluminum, which saw a 2.9 percent decline on the LME to $1,914 per metric ton. The aluminum 3-month price weakened by 2.8 percent on the LME, settling at $1,961 per metric ton. After falling for two...

Indian, Chinese Aluminum Prices Weaken on Daily Index
05 MAR 20131MINS

Indian, Chinese Aluminum Prices Weaken on Daily Index

With a decline of 1 percent on March 1, 2013, the Indian aluminum cash price recorded the biggest decline of the day. On the LME, the primary aluminum cash price showed little movement last Friday, hovering around $1,971 per metric ton. On the LME, the 3-month price of aluminum saw little movement...

China is developing as an aluminium scarp import country
04 MAR 20132MINS

China is developing as an aluminium scarp import country

China has developed from a large aluminium manufacturing country to a primary powerful country. Meanwhile, China is also a large aluminium scarp import country. Chinese scarp import volume in 2011 was 2.69 million tones, while export volume was 1200 tonnes. It is predicted that this situation will...

Aluminum price drops at Base Metal market
01 MAR 20131MINS

Aluminum price drops at Base Metal market

Current Aluminum Prices The aluminum 3-month price saw the biggest decline of the day, dropping 1.7 percent on the LME to close at $2,014 per metric ton on Feb. 27, 2013. The primary aluminum cash price on the LME has been on the decline for 9 days and is now at $1,970 per metric ton. The Indian...

FICCI recommends bringing down of customs duty on scrap aluminium
01 MAR 20131MINS

FICCI recommends bringing down of customs duty on scrap aluminium

Federation of Indian Chambers of Commerce and Industry (FICCI) has proposed a memorandum for bringing the basic customs duty (BCD) on aluminium scrap at par with the duty on aluminium products in Budget 2013. At present, basic customs duty on aluminium products is at to 5 per cent, while duty for...

Aluminum scrap price in China falls big
27 FEB 20131MINS

Aluminum scrap price in China falls big

On Feb. 25, 2013, the day’s biggest mover was the price of Chinese aluminum scrap, which saw a 5.1 percent decline. This was the first move after three changeless days. The Chinese aluminum cash price declined 0.4 percent. Chinese aluminum billet finished the day down 0.3 percent. For the fifth...

Universal Scrap Metals Adds Recycling Facility in Kentucky
25 FEB 20131MINS

Universal Scrap Metals Adds Recycling Facility in Kentucky

Universal Scrap Metals Inc. (USM) is adding a recycling facility in Georgetown, Ky. The Chicago-based USM said in a news release the company’s investment includes purchasing recycling equipment from Anheuser-Busch Recycling Corp. (ABRC). The equipment is used to help prepare used beverage...

LME Prices of Aluminum Declines in the scrap metal market
21 FEB 20131MINS

LME Prices of Aluminum Declines in the scrap metal market

Current Aluminum Prices Following two days of increases on the LME, the aluminum cash price dropped by 1.7 percent to end at $2,086 per metric ton on Feb. 19, 2013. The aluminum 3-month price changed direction with a 1.6 percent drop. After two days of improving prices, the metal finished at $2,130...

Cash Price of Primary Indian Aluminum Weakens
21 FEB 20131MINS

Cash Price of Primary Indian Aluminum Weakens

Following two days of increases, the cash price of primary Indian aluminum dropped by 1.2 percent on Feb. 18, 2013. On the LME, the primary aluminum cash price increased 0.4 percent to $2,122 per metric ton. Also on the LME, the 3-month price of aluminum rose 0.3 percent to $2,165 per metric ton....

European secondary scrap prices are increasing constantly
20 FEB 20132MINS

European secondary scrap prices are increasing constantly

European secondary aluminium ingot prices rose on Friday February 15, though producer margins remained under severe pressure as scrap prices also increased. “The scrap issue is really tough, and some companies are having financial difficulties,” a producer said. “The margins are so low that...

Chinese aluminum industry exports and imports reports forJanuary
18 FEB 20131MINS

Chinese aluminum industry exports and imports reports forJanuary

According to the data renounced by Chinese Customs Bureau in 8th Feb.,2013:Chinese alumina imports reached 490,000 tons in Jan.,cumulative 490,000 tons in the same month,9.3% increased from the same month last year. China imports 69,024 tons of unwrought aluminum and semi-finished aluminum...

Gershow Recycling Donates Aluminum Scrap to Pat-Med Robotics Team
17 FEB 20131MINS

Gershow Recycling Donates Aluminum Scrap to Pat-Med Robotics Team

For the fourth year in a row, Gershow Recycling opened its Medford facility to local high school robotics teams participating in the School-Business Partnerships of Long Island’s (SBPLI) upcoming Long Island FIRST (For Inspiration and Recognition of Science and Technology) Robotics Competition to...

China Aluminium imports and exports decline in January
08 FEB 20131MINS

China Aluminium imports and exports decline in January

A sharp contraction of Aluminium and Aluminium products was noted in China imports and exports. The General Administration of Customs came out with a brief report on the imports of metals showing that Aluminium and Aluminium product imports declined by 26.2% in the month of January. The total...

3-Month Price of Aluminum Sees Small Jump
07 FEB 20131MINS

3-Month Price of Aluminum Sees Small Jump

The aluminum 3-month price saw the biggest increase on MetalMiner’s aluminum price index at 1.2 percent on the LME, finishing at $2,117 per metric ton for Feb. 5, 2013. At $2,078, the primary aluminum cash price finished the market day on the LME up 1.1 percent per metric ton. The cash price of...

Sweden recycles aluminum, along with China and Brazil
06 FEB 20132MINS

Sweden recycles aluminum, along with China and Brazil

Swerea KIMAB with Acreo Swedish ICT awarded two projects, the combined 3Mkr, granted by VINNOVA to establish and strengthen cooperation with Chinese, and Brazilian research and innovation actors in the field of aluminum recycling. One project is aimed at the Chinese market and the second project...