Scrap

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. >>

Copper and nickel prices are expected to double by 2035 due to heightened demand from clean energy and technology sectors, alongside supply challenges exacerbated by trade restrictions and production difficulties. >>

The US has asked Brazil to review the sale of Anglo American's nickel mines to a Chinese firm as part of a proposal for tariff relief, aiming to regulate critical mineral markets and enhance US oversight on such transactions. >>

Indian recyclers, led by Amar Singh, are urging their government to challenge the EU's proposed waste ban, arguing it's a trade barrier that could impact India's access to vital metal scrap for recycling. >>