Non-ferrous price drivers shifting, BIR says

The upheaval in the global non-ferrous metals trade is increasingly shifting price drivers from traditional factors to a landscape where geopolitical influences have more weight on prices, according the Bureau of International Recycling (BIR).

“Lately, metal pricing has become more influenced by political and environmental actions - such as Section 232 and China’s import restrictions - than by the classic fundamentals of supply and demand,” Andy Wahl, vice president of the BIR's non-ferrous metals division, said in the Belgium-based group’s World Mirror on Non-ferrous Metals report.
This year is proving to be a year of change, with all eyes anxiously tracking the ensuing impacts of the 10% aluminium tariff signed into law by US President Donald Trump on Thursday March 8.

“The vacuum left by China is gradually creating other markets and technological developments. Combined with the US import tariffs on steel and aluminium, our recycling industry is facing change and new challenges,” David Chiao, president of the BIR’s non-ferrous metals division, said...

Published

Bradley MacAulay

March 19, 2018

01:55 GMT

Pittsburgh