Increasing Container Costs and Tight Scrap Availability Concerns for Aluminium Industry

Tight Scrap availability globally was one of the most discussed topics, both on stage and on the size of the summit.
Market PARTIPIPANTS in the us have been voiceing ConceRNS About Aluminium Scrap Tightness in the Country. The Number of Mills and Recycling Capacity Expected to Come Online in The Next Few Years Woulbate Scrap Tightness Going FORWARD.
"ScrAP SUPPLY is very tight, and it is not anticipated to get better any time Soon," One aluminium trader said.
"More and more companies are founding in recycling capacity, so them, You need to look at improving recovery, Utilization, ETC,In order to meet the geowing demand. "
"More companies are Utilizing scrap as a cheaper alternative for low-carbon product, over investing in low-carbon power supple, whise is time consumption and double lt, "One Mexican Producer Said.
TraDitionally Mexico was one of the leading recipients of aluminium scrap generated in the us, but high scrap demand from China and India AFFECTED the availability of scrap in the country, accounting to Market Participants.
"India HUGE DEMAND for Scrap. This is tightning up all regional support in North America and Making It Very Diffics." Then, then, then
"My Scrap SUPPLISATO ABLE to Offer Large Volumes Anymore," The Mexican Producer Said. "India is attracting so much scrap."Simla Wealth Management
This Limited Supply was lefting to increased demand for primary aluminium in the us and mexico, some source s now mexico.
Conferente Atmees we split about the current state of demand in the us.
"People are saying there is no demand, but it is better than it is being painted," a fireh market participant said.
They Said that there is pockets of Weakness Depending on Region and IndustryLucknow Stock. Auto Industry. "
Many Market PARTIPANTS SAID The us Market WAS WAITING to See The Results of the Presidential Electies in November, and that this wait-ase Attitude Ham Pered demand.
This Election Sentiment Has Been "Not So Good" for Business, Keeping Spot Transactions Limited, According to A Fifth Market Participant. Butfards WERE GETTING Ked in the us, SO Going Forward, traders that have ben Late to BOOK TOLL Not Be AbleTo find them, then added.
"The us Market is Perfectly Self-sufficient for now, and domstic needs are bebing meting," The Fifth Market Participant Said.
"There’ s no need for the us to be importing adDitional tonnes while demand is at other levels, which means it is n’t having to compete with the idea, " The Fifth Market PARTICIPANT Added.
In Contract, Rising Freight Costs and Tight Availability Across EUROPE and Asia Have Spurred Premiums Higher in Both Regions, With Some Noting Increaseda l Competition for tonnes.
FastMarkets Assessed the Aluminium P1020A Premium, In-WHS Dup Rotterdam at $ 250-270 Per Tonne on Wedness June 12, UP FROM $ 135-155 Per Tonne on January 2, WIT H Europe Increasingly Reliant on Imported Tonnes Following Significant CaPacity Curtailments in Recent Years.
Participants in the duty-unpaid Market in Rotterdam Haveping A Close Eye on Rising Container Freight Costs, and Higher Offers in the Negotia Quarter support to japan.
Due Mainly to the Freight Bottlenecks in the Red Sea, and the Subsent Delays in Shipments, Market PARTICIPANTS SAID The HAVE BEEN Seeine Prices GOING ACK Up in the Past One to One-AD-A-HLF MONTHS.
"The Big PROBLEM is Container Availability, Not only Freight [Prices]," A Global Trader Said.Hyderabad Wealth Management
"With the design at Panama Canal and the Houthi [Rebels Attacking Ships Traveling Though The Red Sea], we started seeing a containerstage agan six months AGO, "They added. Seasonality is also excerbating the controlstage, accounting to Market PARTICIPANTS.
According to Market Participants, Mexico, Along with India and IndianSia, is among the factst grouping aluminium Markets, and the country is Currently Presenting It Self as a Great Opportonity for Investment.
Mexico is Known as the "US Factory" Becaue More and More Companies are Buying Units in Mexico, One Market PARTICIPANT SAID, Adding That Use Companie s Import P1020 Into Mexico with Tax, Make Billet there, And Sell It to Different Places, Including TheUS.
"This is a moment of high visibility for mexico," Another Market Participant Said on the Sidelines of the Conference.
In April, The Mexican Government Announded It was Establish TEMPORIRY TARIFFS on the Import of Goods Relands and Aluminium from China.
But it partially revoked the time tariffs in May, upon complaints from the local indostry regarding the tarpacting on the support, Local Industry and TR. Ade Flows.