Page 84 from: The 2022 Top 100 issue!
overheated in recent months and pric-
es above US$ 10 000 were unjustified.
Scrap prices followed suit with bright
copper wire sold for US$ 8 701 at its
peak, chopped copper wire scrap was
traded in the same range and
chopped wire scrap of the second
quality was US$ 8 437. Heavy copper
scrap was worth US$ 8015 and Brass
scrap fetched US$ 5 220. Non-alloyed
bright wire scrap I traded at US$ 8
216.
ALUMINIUM
Three-month quotations on the LME
were last above US$ 2 490 per tonne
while visible stocks in the licensed
warehouses were recently only 392
275 tonnes for high grade goods and
2 060 tonnes for alloy. Outside the
LME, alloy 226 fetched around US$ 3
647, alloy 231 was at US$ 3 732, and
alloy 311 was around US$ 3 750.
Wire scrap last cost US$ 2 814, extru-
sion scrap fetched around US$ 2 857.
LME Non-Ferrous Prices & Stocks Reference date: July 1, 2022
/ 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)
J J A S O N D J F M A M J
2497 2556 2635 2850 2680 2600 2800 3100 3314 3984 3090 2900 2500
1568 1325 1325 1004 1004 1004 1004 823 823 584 584 381 381
1000
1500
2000
2500
3000
3500
4000
0
1000
2000
3000
4000
5000
6000
J J A S O N D J F M A M J
J J A S O N D J F M A M J
9367 9800 9520 9215 9425 9600 9715 9870 9862 10420 9910 9500 8500
211 233 233 122 122 122 122 91 75 137 137 125 125
4000
5000
6000
7000
8000
9000
10000
0
100
200
300
400
500
J J A S O N D J F M A M J
J J A S O N D J F M A M J
2231 2239 2372 2256 2087 2402 2357 2328 2358 2400 2363 2200 2000
80 52 52 54 54 54 54 53 44 40 40 39,6 39,6
0
500
1000
1500
2000
2500
3000
0
70
140
210
280
350
J J A S O N D J F M A M J
J J A S O N D J F M A M J
2949 3039 2997 3025 3335 3199 3533 3642 3619 4054 4218 3800 3400
2536 2292 2292 1927 1827 1927 1927 1565 1444 1017 1017 815 815
1000
1500
2000
2500
3000
3500
4000
4500
300
500
700
900
1100
1300
1500
1700
1900
2100
2300
2500
2700
2900
J J A S O N D J F M A M J
84
MARKET ANALYSIS
published ICSG market forecast for
2022 and 2023.
Following a four-year period where
only two major copper mines were
commissioned, the pipeline of copper
mine projects is increasing with major
projects in D.R Congo, Peru, Chile
and Russia.
Both primary and secondary (scrap)
output are expected to be higher in
2022 and 2023 with scrap set to bene-
fit from an improvement in the avail-
ability of scrap and additions to refin-
ery capacity. Projections indicate a
global surplus of about 140 000 tonnes
for 2022 and 350 000 tonnes for 2023.
HISTORIC INVESTMENT
Novelis has announced another major
investment in its US aluminium recy-
cling facilities with plans for a new
low-carbon recycling and rolling plant
in Bay Minette, Alabama, that is said
to be the first fully integrated alumini-
um mill built in the US in 40 years. The
US$ 2.5 billion (EUR 2.4 billion) facility
will have an initial annual capacity of
600 000 tonnes of finished goods,
more than half of which will serve the
growing demand for aluminium bever-
age can sheet in North America.
The group will soon be able to recycle
90 billion cans globally, up from the 74
billion it currently processes. In May,
the company broke ground at the
Guthrie, Kentucky site of a US$ 365
million recycling centre to serve the
north American automotive industry.
COPPER
Price declines were particularly notice-
able on the copper market. Prices on
the LME for three-month goods were
last valued around US$ 8 600 per
tonne, remaining well below the US$
9 000 mark, let alone the earlier high
point of US$ 10 000. Market observ-
ers are relaxed about this develop-
ment, however, believing the market
Circular Materials Conference
Wood Hotel, Skellefteå, Sweden
SEPTEMBER 14-15, 2022
The ledading Nordic forum for
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progress in circular use of materials
82-83-84-85_ma-non-ferrous.indd 84 05-07-2022 13:44
