Scrap Metal News
Recycling industry news and updates from global markets
September 23,2022 07:00 AM
When aluminium hit its all-time high of $4,073.50 per tonne in March, it did so in direct reaction to Russia's invasion of Ukraine. The market was pricing the potential loss of metal from Russia's Rusal…
September 22,2022 08:00 AM
The Biden-Harris Administration today announced that they would “prioritize the purchase of key low-carbon construction materials, covering 98% of materials purchased by the Federal government.” As steel…
September 21,2022 09:00 AM
The London Metal Exchange said on Wednesday it does not see evidence of metal moving into its warehouses on a long-term basis after Bloomberg News reported that Russia's Rusal was working on a plan to…
September 19,2022 08:00 AM
China's aluminium imports in August dropped 19% from a year earlier, customs data showed on Sunday, reflecting lowered import appetite amid record-high domestic production and tight overseas supply.
September 16,2022 08:00 AM
The puzzle facing the zinc market is whether demand or supply will fall hardest this year.
September 15,2022 08:00 AM
Europe's power crisis, production cuts and shortages of aluminium have left consumers in a quandary about Russian supplies of the metal vital for the region's transport, construction and packaging industries.
September 14,2022 07:00 AM
The London Metal Exchange faces a struggle to regain its dominant position in global nickel trading as volumes slide and participants flee an increasingly volatile market in the wake of trade mayhem earlier…
September 13,2022 07:00 AM
China's southwestern province of Yunnan has ordered producers of electrolytic aluminium to reduce their power usage this week, the companies told Reuters on Tuesday.
September 12,2022 08:00 AM
The London Metal Exchange's (LME) controversial suspension of its nickel contract in March didn't just impact trading in London. In the immediate aftermath of the LME intervention, the Shanghai Futures…
September 09,2022 09:00 AM
Tesla Inc (TSLA.O) is considering setting up a lithium refinery on the gulf coast of Texas, as it looks to secure supply of the key component used in batteries amid surging demand for electric vehicles.
September 08,2022 07:00 AM
Japan's JFE Steel aims to decide this year on a joint venture in India with partner JSW Steel (JSTL.NS) to produce electrical steel sheet used in power plant transformers, JFE Holdings (5411.T) President…
September 07,2022 08:00 AM
France's biggest aluminium smelter on Tuesday said it will reduce production by a fifth in response to soaring energy priceswhile unions at other metallurgical companies reported plans to curb output…