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Scrap aluminum supplies 30 percent of America’s aluminum consumption
08 OCT 20121MINS

Scrap aluminum supplies 30 percent of America’s aluminum consumption

Bauxite ore is refined into alumina (aluminum oxide), one of the primary feedstocks for aluminum metal. Scrap aluminum supplies 30 percent of America’s aluminum supply. Recycled aluminum cans supply a portion of the scrap used as a raw material. About 26.5 percent of the aluminum used in America...

Aluminum scrap consumers using secondary aluminum scrap as feedstcock
08 OCT 20122MINS

Aluminum scrap consumers using secondary aluminum scrap as feedstcock

Aluminum scrap consumers are increasingly using secondary grades of feedstock, which has put a floor on secondary scrap prices and diminished overall scrap quality, according to Garey Rittenhouse, vice president of southern nonferrous trading at Mayfield Heights, Ohio-based PSC Metals Inc. Many...

S.A.V.E. adds aluminum to recycling drive
08 OCT 20122MINS

S.A.V.E. adds aluminum to recycling drive

Those who recycle their plastics with S.A.V.E. can now bring their aluminum, too. S.A.V.E. board member and treasurer Kent Schlosser said the longstanding plastics drives were created to provide an outlet for dedicated recyclers in Helena with the goal of creating a sustainable model for permanent...

Aluminum scrap sellers hold as LME price rises
08 OCT 20122MINS

Aluminum scrap sellers hold as LME price rises

Aluminum scrap buyers are still encountering resistance from scrap dealers in securing material, with many sellers now believed to be waiting for London Metal Exchange prices to move closer to $2,200 per tonne. Buyers have reported over the past few months that many dealers have held on to swathes...

Novelis targets 50% recycled content by 2015
08 OCT 20122MINS

Novelis targets 50% recycled content by 2015

Novelis, the overseas subsidiary of aluminium maker Hindalco, is betting big and moving fast on recycled content. The company is targeting to reach 50% of its production through recycled aluminium material, or scrap, by 2015. This will help the company in taking advantage of the price arbitrage...

Shaw Recycling in Bauxite town shut down temporarily
08 OCT 20123MINS

Shaw Recycling in Bauxite town shut down temporarily

Shaw Recycling in Bauxite was temporarily shut down by local authorities on Monday and owner Bobby Shaw was issued multiple citations for failing to maintain records of scrap metal sales. The incident is part of an effort to deter criminal activities with scrap metal theft, specifically theft of...

Tight profit margin causes secondary aluminum output cuts
08 OCT 20122MINS

Tight profit margin causes secondary aluminum output cuts

Bermco Aluminum has idled production capacity at its secondary aluminum smelter, while Imperial Alloys Corp. is coming off a reduced production schedule. Both companies cited tight profit margins caused by a decoupling of scrap purchasing prices and alloy sales tags for their decisions. Birmingham,...

Japan boosts aluminum scrap exports to China and S Korea
08 OCT 20122MINS

Japan boosts aluminum scrap exports to China and S Korea

Japan is increasing exports of scrap aluminum to China as it gets higher prices overseas, market sources said Wednesday. The country exported 47,645 mt of scrap aluminum to China over January to July, up from 39,878 mt a year ago, customs data released last week showed. Japan's total scrap aluminum...

Novelis to  purchase cans from the spot market for recycling
08 OCT 20123MINS

Novelis to purchase cans from the spot market for recycling

Aluminium can recycler Novelis is to resume purchasing cans from the spot market within weeks, once additional shredding capacity is installed at the front end of its Warrington facility. The 130,000 tonne per annum capacity aluminium can recycling plant is currently only accepting material from...

Cash Price of Primary Indian Aluminum Changes Directions
08 OCT 20121MINS

Cash Price of Primary Indian Aluminum Changes Directions

The cash price of primary Indian aluminum closed up Sept. 3, 2012, halting two days of weakening prices with a 1.2 percent shift. On the LME, the aluminum 3-month price fell 1.1 percent to $1,869 per metric ton. The primary aluminum cash price weakened by 1.0 percent on the LME, settling at $1,848...

Indian Cash Prices saw a 1.8 percent increase
28 AUG 20121MINS

Indian Cash Prices saw a 1.8 percent increase

On Aug. 24, 2012, the day’s biggest mover on our aluminum price index was the cash price of primary aluminum, which saw a 1.8 percent increase on the LME to $1,861 per metric ton. After a 1.1 percent increase, the 3-month price of aluminum finished the day on the LME at $1,888 per metric ton. The...

Aluminum scrap, alloy prices fall further
23 AUG 20122MINS

Aluminum scrap, alloy prices fall further

Free-market secondary aluminum alloy prices drifted down again Monday, with producers struggling to hold the line on higher quotes as mill-grade scrap tags dropped due to a sustained lull in London Metal Exchange pricing. A319.1 slipped to a range of $1.02 to $1.04 per pound from $1.03 to $1.04...

Aluminum Deox prices unlikely to move in September
23 AUG 20122MINS

Aluminum Deox prices unlikely to move in September

Aluminum deox producers said they expect spot prices to be largely sideways in September, even as steel mills try to push for prices as much as 3 cents per pound lower than July and August levels. Deox producers told AMM that September prices appeared unlikely to move from a range of 95 to 97 cents...

China's domestic ADC12 alloys slip on weaker ingot prices
23 AUG 20122MINS

China's domestic ADC12 alloys slip on weaker ingot prices

China's domestic offers for aluminum alloy ADC12 slipped on the week on the back of the persistent weakness in aluminum ingot prices, industry sources said Tuesday. This is in addition to the weak buying interest in view of the summer lull when plants carry out their scheduled maintenance. Leading...

Novelis profits hit by lower scrap prices
17 AUG 20122MINS

Novelis profits hit by lower scrap prices

Global aluminium producer Novelis has reported lower earnings for the first quarter of its 2012/13 fiscal year due to decreased volumes and lower scrap benefits year-on-year. Its EBITDA was $259 million for the quarter up to 30 June down 15 per cent year on year from $306 million reported in the...

China  alumina import increased 172.0% in July 2012
16 AUG 20121MINS

China alumina import increased 172.0% in July 2012

According to the data of China Custom that China imported 460 thousand tons of alumina in July 2012, from January to July imported 2,930 thousand tons totally increased 172.0% yoy. The import volume of unwrought aluminum and aluminum products was 97,651 tons, from January to July imported 711,363...

China's July unwrought aluminum imports rise 39%
13 AUG 20121MINS

China's July unwrought aluminum imports rise 39%

China's alumina imports in July jumped nearly seven times year on year to 460,000 mt, preliminary data released Friday by the country's General Administration of Customs showed. The July figure was 48.4% higher than the June imports. Alumina imports over January-July totaled 2.9 million mt, up 172%...

Aluminum alloy spot prices gained Euro10/mt due to tight scrap supply
13 AUG 20122MINS

Aluminum alloy spot prices gained Euro10/mt due to tight scrap supply

Aluminum alloy spot prices gained a further Eur10/mt ($12/mt) in Europe this week on tight summer supply and firm scrap prices. Secondary aluminum plants in France, Italy, Spain, parts of southern Germany and the UK are closed for summer turnarounds, making additional spot tonnes difficult to...