Page 79 from: West Coast report + Plastics Special
NON-FERROUS
Hopes rise on warmer
US-Chinese sentiment
urge all of our members to be cautious
about quality according to Basel
Convention requirements,’ he said.
According to one of ISRI’s latest weekly
reports, only nickel prices are in positive
territory in London. Macquarie is report-
ed to be bearishly forecasting average
2020 prices of US$ 5600 per tonne for
copper, US$ 1803 per tonne for alumini-
um, US$ 2063 per tonne for zinc, US$
1725 per tonne for lead, and US$ 13
250 per tonne for nickel.
AURUBIS BLUES
It’s been a tough summer for Aurubis
which has scrapped its internal invest-
ment project Future Complex
Metallurgy (FCM). The company said
this was because it would have entailed
‘significantly higher investment costs
than initially planned’ and was no lon-
ger as cost-effective as expected.
Announced in 2017, FCM was intended
to allow an expansion of the company’s
raw material base, reduce throughput
times for precious metals and reduce
capacity bottlenecks at its Hamburg
site. Aurubis planned to invest around
EUR 320 million at the Hamburg and
Olen sites and create more than 180
jobs but the plans were vetoed on 12
June by its supervisory and executive
boards. At the same time, the supervi-
sory board released executive board
chairman Jürgen Schachler from his
duties with immediate effect, even
though his contract had been due to
expire at the end of that month. Deputy
chairman Roland Harings became chair-
man on 1 July.
Despite the setback, Aurubis intends to
become more of a ‘multi-metal recy-
cler’. In May, it agreed to take over
Metallo Group – a recycling and refining
company that specialises in recovering
non-ferrous metals from scrap with
lower metal content –for EUR 380 mil-
lion. The company has around 530
employees at locations in Belgium and
Spain. The transaction is subject to
approval by the relevant antitrust
79recyclinginternational.com | July/August | 2019
LME Non-Ferrous Prices & Stocks Reference date: August 5
/ 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)
A S O N D J F M A M J J A
2047 2051 2000 1944 1939 1868 1870 1872 1811 1761 1773 1777 1772
1080 1051 1050 1100 1200 1301 1280 1221 1250 1200 1150 1100 1020
1000
1500
2000
2500
3000
3500
1000
2000
3000
4000
5000
6000
A S O N D J F M A M J J A
A S O N D J F M A M J J A
6080 6014 6080 6083 6195 5962 6100 6368 6180 5780 5970 5925 5678
240 225 185 160 150 145 135 116 228 235 250 270 283
4000
5000
6000
7000
8000
9000
0
100
200
300
400
500
A S O N D J F M A M J J A
A S O N D J F M A M J J A
2100 2061 2000 1907 1911 2013 2050 2092 1894 1782 1913 2002 1942
121 119 115 130 170 185 115 76 74 76 78 82 85
0
500
1000
1500
2000
2500
0
70
140
210
280
350
A S O N D J F M A M J J A
A S O N D J F M A M J J A
2360 2382 2450 2541 2555 2587 2650 2700 2761 2680 2580 2472 2324
215 221 185 150 130 118 350 598 800 795 790 785 782
1000
1500
2000
2500
3000
3500
100
240
380
520
660
800
A S O N D J F M A M J J A
78-79-80_manon-ferrous.indd 79 08-08-19 11:21
