Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

World news round-up 9 July 2014

Non-ferrous sector growth predicted; China’s plastic recycling; Newark Group acquisition; Paraguayan cotton output; Brazillian iron ore exports

Non-ferrous metal recycling industry revenues to grow

The non-ferrous metal recycling industry is expected to grow at an annualised rate of 12.1% to $19bn (£11bn) in 2014, according to IBiSWorld Industry. Environmental standards that encourage the use of recycled materials has helped the trend. “Surging prices for commodities after the recession increased demand for recycled non-ferrous metals, which are less expensive to purchase and reprocess than primary metals,” says IBISWorld Industry analyst Leah Goddard.

Scrap Register

http://bit.ly/1n9JaeC

 

Plastic recycling industry in China drops

China’s plastic recycling industry has witnessed a slump in growth. The manufacturer’s consumer around 13.6 million metric tonnes of plastic scrap in 2013, recording a 14.5% decrease in volume compared to 16 million metric tonnes consumed in 2012. The top eight recycled materials are scrap iron and steel, other scrap metals, plastic scrap, scrap tires, scrap paper, waste electrical and electronic products (WEEE), end-of-life vehicles and ships to be dismantled.

Recycling Today

http://bit.ly/1kwCHFV

 

Lawsuit over metal at Qingdao port

Legal proceedings have been initiated by Citic Resources Holdings, the commodities trader controlled by China’s largest state-owned investment company to recover materials missing from Qingdao port. A claim against the port warehouse operator in the Qingdao Maritime Court has been filed by the investment company seeking confirmation that it owns alumina and copper held at the port, said a statement. The company wants the materials released and delivered or compensation be given if they can’t be recovered. Citic Resources has found that more than half its alumina stored at Qingdao Port is missing.

Bloomberg

http://bloom.bg/1xKlZL8

 

Paraguay to improve cotton output

The Ministry of Agriculture and Livestock in Paraguay and the Chamber of Cotton have decided to work together on improving cotton production, after the country produced an historic low of 15,000 kilos this year, an official statement said. The work will be undertaken in two stages, and would aim at increasing the area under cotton to 50,000 hectares.

Fibre2Fashion

http://bit.ly/1oDeqlw

 

Newark Group acquired by Caraustar Industries

In one of the major paper recycling deals, US-based recycled paper products maker Caraustar Industries is purchasing US-based recycling firm The Newark Group for an undisclosed amount. According to a news release, The Newark Group employs about 1,500 and operates more than 20 manufacturing facilities in the United States and Canada.

Waste360

http://bit.ly/1qQs9J8

 

Iron ore exports from Brazil increase in June

The Brazilian Ministry of Development, Industry and Foreign Trade’s latest data reveals that the country’s iron ore exports in June 2014 have grown significantly year-on-year. The country exported 29.55 million tonnes of iron ore during the month, 3.7% lower when compared with the exports during a month before. Even so, exports last month were 13.2% higher when compared with the exports during the same month a year before. Export revenues generated totalled $2.30bn (£1.34bn) during June this year.

Scrap Monster

http://bit.ly/1oDgkTt

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.