NEW YORK Novelis Inc.
encountered a "little increase" in aluminum used beverage can
(UBC) prices immediately following its withdrawal from Evermore
Recycling LLC, but it is "very pleased" with the transition to
its own UBC purchasing team.
Derek Prichett, vice president
of global recycling at Atlanta-based Novelis, told AMM
that the company has had no issues with supply since
withdrawing from Evermore, a joint venture it established with
Alcoa Inc. dedicated to the procurement of UBCs.
"We did see a little increase in
the market for can scrap when the separation (from Evermore)
happened, but weve been seeing the opposite trend over
the last couple of months," Prichett said. "Weve had no
issues getting enough supply, and were buying at levels
consistent with what we bought as part of Evermore."
Novelis announced its withdrawal
from Evermore in May, with Prichett later citing "more
flexibility to execute our strategic plans" as the primary
driver behind the exit (
amm.com, July 16).
Pittsburgh-based Alcoa took over
Evermore Recycling Aug. 31.