![](https://recycledmetalsupdate.crugroup.com/wp-content/uploads/sites/5/2024/05/Copper-Bare-bright-300x169.jpg)
Southwire announces major facilities restructuring
The restructuring is part of Southwire's broader strategy to align itself better with market demands and customer needs.
The restructuring is part of Southwire's broader strategy to align itself better with market demands and customer needs.
The company reported a $197 million charge on closure of the Kwinana alumina refinery in Perth, Western Australia.
Supply and demand winding down as weather and holiday disruptions hit major recycled metals markets.
What's going on in the primary market?
Rio Tinto alumina shipments disrupted; Protestors hold up aluminum waste relocation in Thailand.
The index had been flat for much of the second half of last year. It then steadily began falling, hitting a two-year low in March, before bouncing back in April.
A roundup of the latest news in the global aluminum and steel markets.
The LME aluminum price has overcome an important resistance level at $2,300/mt but it remains to be seen if support can be built above that level.
Aluminum Roundup: IAI reports aluminum industry greenhouse gas emissions declined in 2022
For the West Coast export market, Tet/Chinese New Year ended on Monday and buyers were just coming back to the market.