Novelis Adds New Line to Recycled Beverage Sheet Plant in Germany

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Source: Novelis

Novelis, has commissioned a new aluminum slitting and packing line at the Aluminium Norf GmbH (Alunorf) site, its joint-venture facility in Neuss, Germany. The new facility will increase the plant’s finishing capacity for beverage can sheet.

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Novelis will process aluminum manufacturing scrap from its customers across Europe as well as from its own facilities.  It is the second phase of a recycling expansion project at Alunorf that began in 2009 with the construction of a similar recycling facility funded by the joint venture partner, Hydro. With this expansion, the combined capacity of the plant’s integrated recycling operations is 100,000 metric tons per year.

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The Chinese aluminum cash price saw a 1.1 percent increase on Thursday, April 24, reaching CNY 13,300 ($2,132) per metric ton and making it the biggest mover for the day. The price of Chinese aluminum bar continues hovering around CNY 14,200 ($2,276) per metric ton for the fifth day in a row. The price of Chinese aluminum billet held steady at CNY 13,590 ($2,179) per metric ton. The price of Chinese aluminum scrap saw little movement at CNY 12,250 ($1,964) per metric ton.

On the LME, the cash price of primary aluminum fell 0.6 percent to $1,835 per metric ton. The aluminum 3-month price weakened by 0.6 percent on the LME, settling at $1,874 per metric ton. The Indian aluminum cash price saw little change in its price on Thursday at INR 116.05 ($1.90) per kilogram.

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