What could rebalance the US scrap market?
Cheap aluminum scrap has not triggered widespread buying due to saturated demand, chemistry limits, and limited processing capacity.
Cheap aluminum scrap has not triggered widespread buying due to saturated demand, chemistry limits, and limited processing capacity.
February aluminum imports fell sharply despite strong Midwest premium incentives, leaving US inventories at roughly two weeks of demand and raising the risk of higher physical premiums amid tight supply and geopolitical uncertainty.
US Customs and Border Protection concluded the first of two scheduled auctions of seized extruded aluminum pallets on Feb. 19.
Alcoa Corp. plans sell 10 of its closed or curtailed sites to one of the aluminum industry's biggest competitors for electricity: the data center industry.
A weekly review of global political developments, market volatility and key macroeconomic data shaping equities, commodities, energy and trade heading into the week of Feb. 16.
It will likely be the second quarter before we see total imports return to the robust levels of Q1'25
With LME contango insufficient to cover financing and storage costs, the aluminum market has shifted the burden of carry onto physical premiums, forcing traders to rely on premium appreciation to keep inventory economically viable.
As China approaches its long standing primary aluminum production cap, shifting supply dynamics such as offshore capacity growth and redirected Russian metal are reshaping how the country's future demand is met by global supply.
There’s a lot of news to keep track of. So we’re here to lend a hand with a summary of recent news.
AMU contributors Greg Wittbecker and Edward Meir spoke on a wide range of topics during a Community Chat on Thursday, Jan. 22.