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Weak Demand for Aluminum Scrap in Southeast Asia
During the week ending Tuesday, August 5, aluminum scrap importers in Southeast Asia showed limited buying interest. According to Commodity Evolution sources, the slowdown was primarily due to the slow demand season in China and the decline in aluminum prices on the...
Pressure on Stainless Steel Prices in Late July and Early August
The Italian stainless steel flat market experienced a period of downward pressure between late July and early August due to two concurrent factors. On the one hand, demand remained weak, with few large orders and intense competition among suppliers to secure them; on...
Oxygen Supply Issues Shut Down PT Smelting and Divert Part of Grasberg Concentrates to the Spot Market
Some copper concentrate cargoes from Grasberg are now being diverted to the spot market due to oxygen supply issues that have halted operations at PT Smelting in Indonesia. According to Commodity Evolution sources, the issue stems from a failure at supplier PT Linde,...
Aluminz Launches Zero-Landfill Aluminum Recycling Plant Project in the United States
US aluminum recycling company Aluminz has announced plans to open an innovative, zero-landfill tolling facility in Mount Pleasant, Texas, by 2027. The facility will process customer-supplied metal into secondary aluminum, CEO Richard Mayenknecht told Commodity...