Squeeze in UK aluminium scrap, ingot supply driving price uptrend

Secondary aluminium scrap and ingot prices in the UK rose on Wednesday August 19, with limited demand returning to the market although supply was still constrained after the Covid-19-related shutdowns.

A lack of manufacturing activity in the country after the pandemic-related lockdowns in March has led to a reduced level of aluminium scrap supply in recent months, market participants said.
The recent rise in scrap prices, with ingot prices in the UK dormant due to a lack of demand until this week, has led to a squeeze in fresh ingot supply because of unprofitable production margins.

“My major concern is that there is no supply. Even the foundries that can usually...

Published

Justin Yang

August 19, 2020

18:08 GMT

London