Aluminum Scrap Markets
April 2, 2024
Supply chain disruptions and interest rate predictions shake markets
Written by Gabriella Vagnini
In the aluminum market, prices have rebounded from a dip towards $2298/mt to levels around $2370/mt for LME 3m. May Comex copper is currently sitting at 4.0790, marking a decline from its mid-March rally. However, it maintains a position above the 3.80’s seen earlier in the month. Despite these developments, spreads appear to have remained unchanged this week.
On a rumored note, we’ve heard that Kataman Metals may have been sold to Korean Zinc for $55 million, assuming Kataman’s $200 million debt. If true, this sale is quite unexpected news.
