Non-Ferrous Spreads
Aluminum recycled spreads stable amid price increase; copper market braces for summer challenges.
Aluminum recycled spreads stable amid price increase; copper market braces for summer challenges.
An interesting feature of the market since the sanctions were announced has been the large cancellations of warrants in South Korean LME warehouses.
With an annual demand in excess of 25 billion pounds, the U.S. imports nearly 10 billion pounds of primary aluminum from foreign sources. Major exporters to the U.S. have recently seen their trade disrupted or even fully stopped.
Who ever was holding their metal for better prices have let all that metal go.
Hot Topics at ISRI
Spreads tightening. Economic outlook is promising.
RMU anticipates participating, connecting with fellow attendees, and absorbing insights from over 150 speakers.
Kataman Metals globally trades about 300,000 tons of copper, aluminum, iron, and other scrap raw materials annually.
“Without question, current conditions in the scrap markets remain challenging,” Tamara Lundgren, chairman and CEO, said.
Recent events, such as the Francis Scott Key Bridge collapse, have caused disruptions in supply chains.