Page 69 from: Out now: issue 5!
non-ferroUs
Pressure eases as China-Us
mood improves
maintained it followed the laws of both
China and those of importing coun-
tries.
NOVELIS HEADS FOR COURT
Novelis says it will fight efforts by US
regulators to prevent the acquisition of
Aleris Corporation. The deal is due to
be closed 21 January 2020 but the
Department of Justice (DOJ) has
issued a lawsuit challenging Novelis,
arguing that the only relevant competi-
tion among automotive body sheet
providers is that among manufacturers
such as Novelis and Aleris. Novelis dis-
putes this, claiming DOJ has not con-
sidered competition from manufactur-
ers of steel automotive body sheet,
especially as this sheet is currently
used for nearly 90% of the market.
‘The day-to-day reality of the automo-
tive body sheet market is aluminium
automotive body sheet striving to take
share from steel, and the steel automo-
tive body sheet companies fighting
back,’ says Steve Fisher, president and
ceo of Novelis. ‘Our merger with
Aleris threatens no one and, to the
contrary, will strengthen our ability to
compete against steel, meet growing
customer demand for aluminium,
achieve our recycling goals, and bol-
ster our sustainability platform world-
wide.’
ALUMINIUM ACQUISITIONS
Alcoa has sold two aluminium plants in
Spain to the Swiss private equity group
Parter Capital Group. The deal,
announced at the end of July, was
effective immediately and concerned
facilities at Avilés and La Coruña. Alcoa
is reported to have been trying to sell
them since 2016. Parter Capital has
agreed to maintain the facilities’ entire
workforce of around 630 for at least
two years. Timothy Reyes, executive
vice-president and president of alumin-
ium at Alcoa, said the acquisition pro-
vided the workforce with continued
employment and the local community
with ongoing industrial activity.
69recyclinginternational.com | September/October | 2019
LME Non-Ferrous Prices & Stocks Reference date: September 30, 2019
/ Aluminium / Copper
– LME prices (in U.S. dollars/MT)
– LME stocks (x 1000 metric tonnes)
– LME prices (in U.S. dollars/MT)
– LME stocks (x 1000 metric tonnes)
/ Lead / Zinc
– LME prices (in U.S. dollars/MT)
– LME stocks (x 1000 metric tonnes)
– LME prices (in U.S. dollars/MT)
– LME stocks (x 1000 metric tonnes)
S O N D J F M A M J J A S
2051 2000 1944 1939 1868 1870 1872 1811 1761 1773 1777 1713 1744
1051 1050 1100 1200 1301 1280 1221 1250 1200 1150 1100 910 910
1000
1500
2000
2500
3000
3500
1000
2000
3000
4000
5000
6000
S O N D J F M A M J J A S
S O N D J F M A M J J A S
6014 6080 6083 6195 5962 6100 6368 6180 5780 5970 5925 5652 5792
225 185 160 150 145 135 116 228 235 250 270 271 271
4000
5000
6000
7000
8000
9000
0
100
200
300
400
500
S O N D J F M A M J J A S
S O N D J F M A M J J A S
2061 2000 1907 1911 2013 2050 2092 1894 1782 1913 2002 2038 2117
119 115 130 170 185 115 76 74 76 78 82 70 70
0
500
1000
1500
2000
2500
0
70
140
210
280
350
S O N D J F M A M J J A S
S O N D J F M A M J J A S
2382 2450 2541 2555 2587 2650 2700 2761 2680 2580 2472 2284 2313
221 185 150 130 118 350 598 800 795 790 785 598 598
1000
1500
2000
2500
3000
3500
100
240
380
520
660
800
S O N D J F M A M J J A S
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