Week in Review: A market on edge
What happened this week: Why it matters: What to watch next: For now, MWP remains elevated, but the key question isn’t if a correction comes, it’s when.
Tag: Recycle
Novelis Q3 earnings call: Key takeaways and what it means for the market
Novelis just had its latest earnings call this Monday morning, February 10, 2025, and there’s a lot to unpack, some good, some challenging, and some that set the stage for where they believe the aluminum market is headed. Key numbers and performance Aluminum pricing and market conditions Novelis acknowledged that falling aluminum prices hurt them […]
AMU Week in Review: Tariff delays, premium swings, and global supply chain risk
This first week of February 2025 saw tariffs dominate the aluminum market conversation, with Trump imposing 25% tariffs on Canadian and Mexican imports, then delaying their implementation for 30 days after negotiations with both governments. China wasn’t so lucky, as the U.S. followed through with a 10% tariff on Chinese goods, prompting immediate retaliatory tariffs […]
Waste Management earnings: Keeping things in perspective
Waste Management (WM) released its 4th Quarter and full year 2024 earnings on January 29, 2025. The company reported adjusted EBITDA up over 10% for the year at $6.56 billion and reported a 30% margin for the first time in history on its legacy business, which comprises collection, disposal, and recycling. Collection and disposal continue […]
Dec survey overview: Stuck in limbo
The aluminum and scrap markets are currently facing a mix of challenges and cautious optimism as industry players navigate fluctuating supply and demand conditions. Scrap market dynamics Manufacturers and mills are reporting an unbalanced scrap market. Some mills believe that the supply of mid to high-value scrap has been mostly reprocessed, but there is an […]
2024 in Review: Aluminum and scrap markets navigate a year of change
A rocky start to the new year
Groups urge U.S. House to pass two recycling bills
The Recycling Infrastructure Accessibility Act and the Recycling Composting Accountability Act have both progressed through the Senate.
Crown qualifies first aluminum coils at Constellium plant
The aluminum coils, produced mainly from post-consumer scrap, are cleared to be used in Crown's beverage cans.
Sims completes $20M investment in Chesapeake
The facility also supported the removal of damaged infrastructure and shipping containers following the Francis Scott Key Bridge collapse in Baltimore in March.
Construction sector adds jobs while spending eases
Construction jobs were one of the drivers in the overall employment rate during the month.