Aluminum Scrap Markets
April 22, 2024
Written by Gabriella Vagnini
I want to share my key takeaways from ReMA2024 (formerly ISRI2024) which took place last week in Las Vegas.
After meeting with various yards, traders, mills and manufacturers, I walked away with the same sentiment, the same sad song and dance from the last few months – one could even say since November 2023.
At ADI’s facility in Mississippi, all three cold mills are now operational, which will allow ADI to access the full 650,000-metric-ton annual capability, the company said.
Recycler forward views shifted toward undersupply in October even as Midwest Premium and UBC expectations moved lower.
Rio Tinto maintained third quarter aluminum production as its Arvida smelter transition continued, while the company delayed two capacity projects at the Quebec complex.
US aluminum scrap imports increased faster than exports through August, while similar tonnage gains kept net exports near year earlier levels.
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.
