Grow with
AL Circle

KNOW MORE
3-Month Price Of Aluminum Changes Directions
03 JUL 20121MINS

3-Month Price Of Aluminum Changes Directions

The aluminum 3-month price closed up June 29, 2012 at $1,872 per metric ton, halting two days of weakening prices on the LME with a 1.2 percent increase. At $1,832, the primary aluminum cash price finished the market day on the LME up 1.2 percent per metric ton. The Indian aluminum cash price,...

Chinese Aluminum Cash Price up
03 JUL 20121MINS

Chinese Aluminum Cash Price up

Weakening prices changed direction when the cash price of primary Chinese aluminum rose 1.1 percent on June 28, 2012. After falling for two days, the price of Chinese aluminum billet rose one percent. For the fifth consecutive day, the price of Chinese aluminum bar held flat. The price of Chinese...

Tibet gears up to launch recycling facility
02 JUL 20121MINS

Tibet gears up to launch recycling facility

The Tibet Autonomous Region located in south-west China is preparing for its first resource recycling facility, which is due to start up at the end of June in the capital Lhasa. An estimated US$ 4.1 million in total is being invested in the project to process around 200 000 tons per annum of...

Cash Price Of Chinese Aluminum Sees Small Price Drop
02 JUL 20121MINS

Cash Price Of Chinese Aluminum Sees Small Price Drop

On June 27, 2012, the Chinese aluminum cash price fell by 1.9 percent, making it the day’s biggest mover. Chinese aluminum billet prices saw a 1.9 percent decline. The price of Chinese aluminum bar held steady. The price of Chinese aluminum scrap continues hovering just under $2,600 per metric ton...

Chinese Aluminum Cash Price dropped three percent on June 26
28 JUN 20121MINS

Chinese Aluminum Cash Price dropped three percent on June 26

The Chinese aluminum cash price experienced the biggest price shift of the day, dropping three percent to close near $2,500 per metric ton on June 26, 2012. Chinese aluminum billet prices saw a 0.3 percent decline. The price of Chinese aluminum bar held steady in the $2,200 per metric ton range....

Alumisel to open metal recycling plant in Spain
28 JUN 20121MINS

Alumisel to open metal recycling plant in Spain

Alumisel, a metals recovery company, is in the process of constructing what it calls ‘the biggest and most modern metal recycling plant’ in the Galicia region of Spain. The new $US7M plant, which opens in September, adjoins the company’s existing facilities at O Porrino and will contain some of the...

Cash price of Chinese aluminum dropped by 0.8 percent
21 JUN 20121MINS

Cash price of Chinese aluminum dropped by 0.8 percent

Dropping 1.7 percent on the LME, the aluminum cash price was the biggest mover on our daily aluminum price index on June 19, 2012, closing at $1,881 per metric ton. The aluminum 3-month price saw a 1.5 percent decline on the LME to $1,921 per metric ton. The cash price of primary Indian aluminum...

Spot ADC12 aluminum alloy trade down ahead of summer holidays
21 JUN 20122MINS

Spot ADC12 aluminum alloy trade down ahead of summer holidays

Spot ADC12 aluminum alloy offers from Europe to Japanese buyers have decreased over the past two weeks ahead of the approaching summer holidays in Europe, Japanese buyer sources said Tuesday. European smelters have been active in the Japanese market in May, offering spot supplies $50-100/mt below...

New recycling plant in Galicia, Spain
21 JUN 20121MINS

New recycling plant in Galicia, Spain

Spanish metals recovery company Alumisel is building a €5.5M metal recycling plant in Galicia, Spain. It said the new facility is the first of its kind in Spain and includes an authomatised line for metal classification. The new plant will be located in O Porriño, an extension of the company’s...

MIT researchers analyse contamination in aluminum recycling
19 JUN 20123MINS

MIT researchers analyse contamination in aluminum recycling

Aluminum recycling continues to expand as it saves so much energy and money. But a new MIT analysis finds that this expansion could run into problems unless measures are taken to reduce impurities that can build up as aluminum is recycled over and over again: everything from paint and labels on...

Harbor Aluminum Outlook offers US Non-Ferrous Scrap Metal Price Outlook
18 JUN 20122MINS

Harbor Aluminum Outlook offers US Non-Ferrous Scrap Metal Price Outlook

Garey Rittenhouse, PSC Metals’ VP of Non-Ferrous Trading has put up a presentation on aluminum scrap prices at the Harbor Aluminum Outlook conference. “Dependency between ferrous and non-ferrous scrap is very real,” Rittenhouse said, pointing out that when ferrous scrap markets see price...

Aluminium producers pitch for raising import duty on aluminium
18 JUN 20122MINS

Aluminium producers pitch for raising import duty on aluminium

A deteriorating demand outlook, suppressed market sentiment in Europe and consumption decline in China has led the domestic aluminium industry to demand for upping the import duty on aluminium to 7.5 per cent and imposition 2 per cent customs duty on aluminium scrap to insulate themselves from...

LME 3-Month Price Down For Third Straight Week
18 JUN 20122MINS

LME 3-Month Price Down For Third Straight Week

The aluminum 3-month price dropped 0.2 percent on the LME to close at $1,961 per metric ton on June 14, 2012. The LME aluminum cash price weakened by 0.1 percent, settling at $1,923 per metric ton. The cash price of primary Indian aluminum saw little movement on Thursday, closing out below $2 per...

China aluminium scrap demand to outpace supply and lift prices
18 JUN 20121MINS

China aluminium scrap demand to outpace supply and lift prices

Bloomberg quoted Mr Gerardo Solorio an analyst at Harbor Intelligence said China demand for scrap aluminum will continue to outpace domestic supply, keeping the global market for the metal tight and supporting prices. He said that supply tightness is being exacerbated by growth in the North...

LME Aluminum Cash Price Sees Small Drop
18 JUN 20121MINS

LME Aluminum Cash Price Sees Small Drop

Dropping 0.9 percent on the LME, the cash price of primary aluminum was the biggest mover on June 13, 2012, closing at $1,925 per metric ton. Also on the LME, the 3-month price of aluminum declined 0.8 percent to $1,965 per metric ton. The cash price of primary Indian aluminum changed direction...

China Imports 91,083 tons Unwrought Aluminum in May
12 JUN 20121MINS

China Imports 91,083 tons Unwrought Aluminum in May

According to China Customs the import volume of unwrought copper and copper product was 419,741 tons in May increased 11.9% when compared with last month. Scrap copper imported volume was 420 thousand tons which was higher than last month. In May, import volume of unwrought aluminum and aluminum...

Chinese Cash Price Drops 0.4 per cent
12 JUN 20121MINS

Chinese Cash Price Drops 0.4 per cent

The cash price of primary Chinese aluminum saw a 0.4 percent drop on June 6, 2012, making it the biggest mover of the day on global aluminum markets. Chinese aluminum billet ended the day after a 0.2 percent drop yesterday. The price of Chinese aluminum bar held steady at above $2,200 per metric...

Novelis expands aluminum recycling in volatile market
12 JUN 20122MINS

Novelis expands aluminum recycling in volatile market

Reuters cited Mr Phil Martens CEO of Novelis Inc as saying that scrap dealers are reluctant to sell their used beverage cans due to a sharp slump in aluminum prices, giving the world’s largest flat rolled aluminum maker even more impetus to expand its own recycling capacity. Mr Phil Martens said...