economy

Global demand for aluminium is expected to reach 62.7 million tonnes this year, with China thought likely to record growth of 6.7% to 33.5 million tonnes while the rest of the world is forecast to...
Only 7 tonnes of gold out of the 24 000 tonnes estimated to be available was collected via the cash for gold recycling scheme that was launched ‘with much fanfare’ in November 2015 by...
Over the past three months, prime plastic prices in Asia have remained high under the support of good demand - except in the case of China. After the Chinese New Year holidays, the prime plastics...
Members of the European Parliament (MEPs) have also proposed: an 80% target for 2030 for packaging materials such as paper and cardboard, plastics, glass, metal and wood; and a reduction in the...
Immediately following the Chinese New Year celebrations, it is reported that the country’s customs authorities began to step up import inspections in a bid to prevent smuggling of electronic,...
Polyethylene scrap accounted for almost 61 000 tonnes of the January 2017 export total for a year-on-year gain of 37% while overseas shipments of PET scrap surged 117% to 28 600 tonnes, according to...
However, production growth in China easily outstripped the world average in leaping 15.7% year on year to 24.938 million tonnes, thereby accounting for more than 55% of total world output in 2016. In...
‘Scrap companies lose over US$ 200 million a year because of fraud, contract cancellations and material quality issues,’ says Chris Yerbey, founder and ceo of Scrap Connection. ‘...
Despite shifting ferrous prices, chrome scrap values have remained within their existing ranges of US$ 320-360 per tonne for 409 material and US$ 420-460 for the 430 quality. News from the...
Now at 'a record high', imports are said to account for 25% of the EU market and climbed 9% in the second half of 2016. Chinese steel imports 'are being replaced by those from other countries',...
The group's annual net profit soared 22.7% year on year to HK$ 2.86 billion (US$ 372 million), roughly the same percentage increase as Lee & Man Paper achieved in 2015 when earnings totalled HK$...
In Croatia, 82% of waste is still landfilled. ‘There were about 140 active landfill sites in Germany back in 1970; a lot has changed since then, but just imagine how difficult it is for Croatia...
The innovative hydrometallurgical approach has recovered both metals in laboratory-scale tests from standard lithium batteries with ‘reasonable efficiency’, according to Ataur Rahman of...
Global crude steel production in January was 7% or almost 9 million tonnes higher than in the corresponding month of last year at 136.514 million tonnes. China accounted for around half of the...
December began like a breath of fresh air for the European plastic scrap market. Whereas November had been sluggish in terms of demand and prices, the final month of 2016 produced a jump in values...
From solid start to state of flux Ferrous scrap prices remained on higher ground in the early weeks of 2017, gaining around US$ 15 per tonne over the levels quoted in our late-November report. But...
According to data from the Census Bureau and International Trade Commission, leading buyer Turkey slashed its US ferrous scrap purchases by more than 21% - from 3.961 million tonnes in 2015 to 3.123...
Improving demand for capital goods ‘should support activity in most sectors’, with export-oriented segments expected to benefit from strengthening international trade. Total production...
Expectations had been of a ‘very strong’ first quarter in Asia but, instead, softness has afflicted prices of chrome and ferrous scrap. A number of buyers had built their scrap stocks...
Eco-Bat and Recylex benefited from a reduction in their fines to, respectively, Euro 32.712 million and Euro 26.739 million for their co-operation with the Commission’s investigation whereas...
WEEE Solutions will be held on March 28 – 29, while RUSMET will be held on 28-30 March at the five-star Radisson Royal Hotel Moscow. The high-profile business events will provide an update on...
China’s steelmaking capacity closures have been ‘more aggressive than anyone may have anticipated’ and have included the move to close all induction furnaces, said to represent an...
'The government will work with the European Commission to ensure payment when funds are awarded and HM Treasury will underwrite the payment of such awards, even when specific projects continue beyond...
Rejecting the rulings made by the Lens Labour Court (Industry section and Management section) in 2013 which considered Recylex SA as co-employer of the employees of Metaleurop Nord SAS, the Douai...
Funded by BIR as well as by several other organisations and companies, the visit enabled BIR's representatives to explain in detail the benefits of importing primary sorted mixed clothing and...
The ‘robust’ upsurge represents a compound annual growth rate in revenue of 11.6% by 2024. In terms of volume, the market is slated to rise at a compound annual growth rate of 7.8% -...
Chinese production alone increased by approaching 10 million tonnes or 1.2% while India continued its growth of recent years by posting an output gain of 6.6 million tonnes or 7.4%, according to...
The Asia Pacific region is expected to be dominant in the global market throughout the forecast period 2016-2024. For instance, analysts anticipate that China alone will make a contribution of over...
Following on from the upbeat end to last year, 2017 began with some turbulence. Steel scrap prices climbed by between US$ 25 and US$ 30 per tonne and there was also an escalation in ferrochrome...
LME cash prices are at the following per-tonne levels (the corresponding figures from our non-ferrous metals report at the end of November are given in brackets): aluminium US$ 1800 (US$ 1765);...
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