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[United Kingdom]
Posted on : Aug 30, 2013

Recylex recorded a net loss of €15.9 million ($21.1 million) in the first half of the year on maintenance shutdowns and higher lead scrap prices, the France-based lead and zinc recycling group said on Thursday August 29. This company posted a net loss of €1.6 million in the first half of 2012, but the deficit ballooned this year as a result of maintenance shutdowns at both the Nordenham lead smelter and the Harz-Metall Waelz oxide processing plant. Recylex also struggled to secure margins in secondary lead production as a result of ongoing competition for battery scrap in Europe. “The group’s interim results...

Source: Metalbulletin

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