According to data from the International Copper Study Group (ICSG), the refined copper market balance for last October showed a production deficit of 82 000 tonnes. This can be attributed to high Chinese usage, which was 25% higher than the average for the preceding nine months and 50% above that of October 2010.
Nick Madden, Senior Vice President and Chief Procurement Officer for aluminium rolled products and can recycling giant Novelis, has assumed additional responsibilities for leadership of the company’s global supply chain function.
Russian aluminium giant UC RUSAL is aiming to launch a Euro 15 million alumina production waste recycling facility at its Urals Aluminium Smelter in October 2014.
Boliden AB is incorporating a silver recovery process into its Kokkola zinc smelting operation in Finland. Depending on the content of the raw material, this will result in the recovery of around 25 tonnes of silver per annum.
The following article is based on the latest Non-Ferrous Metals World Mirror produced by the BIR world recycling organisation for the benefit of its members.
The London Metal Exchange (LME) has launched LME swaps for all of its non-ferrous metals. The financially-settled contracts based on the average monthly price are the first of their type to be traded on-exchange in the world. They are designed for participants of the physical industry who need to hedge the monthly average price.
UK-based Enval has attracted further backing for the commercialisation of its technology for the recycling of plastic and aluminium laminate packaging such as drinks/petfood pouches, bags of filter coffee, toothpaste tubes and drinks cartons.
Three men - Thomas Jefferson, James Robinson and Alan Verschleisser - have pleaded guilty to charges in connection with a scheme to steal imported metal worth US$ 2.6 million from the Port of Baltimore in the USA. Sentencing is expected in April.