A recent surge in demand from China has pushed European ingot prices up for the first time in 10 weeks.
Fastmarkets' price assessment for aluminium pressure diecasting ingot DIN226/A380, delivered Europe
was €1,860-1,920 ($2,263.10-2,336.10) per tonne on Friday May 7.
“The market will explode again,” a secondary aluminium smelter told Fastmarkets. “We see the third wave coming now."
Asian traders are viewing European ingots as a more cost-effective alternative to ADC 12, as prices in the domestic...