Novelis Unveils Recently Retooled New York Aluminum Recycling Plant

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Novelis Inc. recently unveiled a newly built $48 million aluminum recycling facility at its giant aluminum smelting facility near Oswego, New York, on Monday.

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The 81,000-square-foot new facility melts down scrap automotive aluminum and turns it into new aluminum. Up to 40 trailers, or 1 million pounds of automotive scrap, can be handled by the facility each day.

Much of the scrap initially being processed by the facility is coming from a Ford plant in Dearborn, Mich., that makes body panels for the 2015 F-150 pickup. Novelis has invested $400 million into its 1.6-million-square-foot plant over the last five years to fit it to supply aluminum to automakers such as Ford.

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On Tuesday, January 27, the day’s biggest mover was the price of Chinese aluminum scrap, which saw a 0.8% decline to CNY 12,200 ($1,950) per metric ton. This was the first move after three changeless days. The cash price of Chinese aluminum gained 0.5% to finish at CNY 12,750 ($2,038) per metric ton. Chinese aluminum bar prices rose 0.5% to CNY 12,760 ($2,040) per metric ton. For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat at CNY 13,200 ($2,110) per metric ton.

On the LME, the primary aluminum cash price declined 0.7% to $1,818 per metric ton. The aluminum 3-month price weakened by 0.4% on the LME, settling at $1,828 per metric ton. The cash price of primary Indian aluminum fell 0.1% to INR 114.25 ($1.86) per kilogram.

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