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Electrolytic Manganese Remains Under Pressure As Tianyuan Cuts Fail To Revive The Market
China’s electrolytic manganese flake market continued to suffer from weak demand in the week ended July 17, despite the start of summer maintenance and production reductions among leading operators. The fifteen-day shutdown announced by Ningxia Tianyuan Manganese...
European Stainless Steel Scrap Continues To Fall, But 316 Resists Weak Demand
Stainless steel scrap prices in the United Kingdom and Europe continued to decline in the week ended July 17, penalized by summer shutdowns, low activity among steelmakers and logistical difficulties. The 304 grade recorded the most evident reductions, falling below...
Alcoa Targets South32 Assets To Accelerate Growth In Aluminium
The acquisition of South32’s bauxite, alumina and primary aluminium operations would allow Alcoa to rapidly expand its production capacity through plants that are already operating, avoiding the time, costs and risks associated with developing new projects. The United...
US Aluminium Scrap Softens While Alloys Remain Supported
The United States aluminium scrap market showed contrasting signals in the week ended July 16. Some grades destined for secondary smelters recorded further declines, penalized by the seasonal slowdown in demand, while materials destined for rolling mills and secondary...