Aluminum Scrap Markets
May 7, 2024
Written by Stephanie Ritenbaugh
World copper mine production is expected to increase by 0.5% in 2024 with growth of 3.9% forecast in 2025, according to a report by the International Copper Study Group.
The Lisbon, Portugal-based organization’s report reveals a revised view of the world balance of refined copper production. Production growth had been forecasted at 3.7% by the group in October 2023.
The National Association of Wholesaler-Distributors (NAW) has filed a notice of appeal to the U.S. Court of Appeals for the Ninth Circuit, challenging the district court’s decision to uphold Oregon’s version of the Extended Producer Responsibility (EPR) laws that are popping up across the country.
Rio Tinto will exclusively market billet from RevoCast’s new British Columbia plant under a long-term agreement combining primary and recycled aluminum.
Recycler forward expectations swung toward oversupply in September as inventory drawdowns eased and export demand lost August’s improving responses.
Aluminum sheet lead times rose in September even as more respondents became more comfortable with overall supply.
A new US aluminum trade group is seeking lower costs on primary metal while backing duties on competing finished imports.