Scrap

China's VMP secures $14.9M to advance its "dark factory" and prepare for an IPO. The funds will boost production capabilities and R&D, with VMP's unmanned facility already operational. >>

Speira has launched a €40M aluminum recycling furnace in Germany, enhancing recycled aluminum production for beverage cans, backed by Red Bull. This eco-friendly initiative underscores the growing importance of circular materials in the industry. >>

September saw a $28 per tonne rise in Turkey's scrap metal prices amid mixed global trends, driven by geopolitical issues and soaring costs. Despite initial enthusiasm, market stabilization occurred as buyers pushed back against further hikes. >>

Anglo American warns that an EU veto on its nickel sale to MMG could shut down its Brazilian operations, potentially shifting European stainless steel mills to Indonesia for ferronickel. This highlights EU concerns over dependency on China for critical minerals, amid a significant drop in nickel prices. >>

European aluminium premiums have surged to their highest in nearly four months due to fears of US tariff reductions on Canadian imports, potentially leading to supply shortages in Europe. Meanwhile, Asian premiums are declining as inventories rise and demand weakens. >>

The European Commission's recent decision on aluminium scrap export regulations concerns Aluminium Deutschland, as valuable scrap is still exported outside Europe, impacting recycling and industry needs. The association stresses the need for effective trade policies to secure scrap for Germany's secondary aluminium production and industrial growth. >>