CBP pallet auction highlights scrap arbitrage opportunity

US Customs and Border Protection (CBP) concluded the first of two scheduled auctions of seized extruded aluminum pallets on Feb. 19.

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This auction comprised two lots of stacked pallets stored indoors in Riverside, Calif. Confirmed sources tell AMU that Lot 100 of 4,988 short tons sold for $1.55 per pound free on board (FOB). Lot 200, totaling 5,024 short tons, sold for $1.60 FOB.

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Scrap

Greg Wittbecker

Veteran aluminum executive Greg brings over 40 years of leadership experience from Alcoa, Cargill, and CRU. He offers rare depth in commercial strategy, policy analysis, and industry evolution, with expertise spanning the trading floor to the boardroom. You can reach Greg at Greg.Wittbecker@crugroup.com or 865-621-4564.