Solid demand in the non-automotive side of the sector, such as consumer products, has helped to mitigate some of the impact from sluggish volumes into automotive suppliers, who continue to face disruptions driven by a lingering silicon chip shortage.
“It’s a crazy, very dysfunctional and unpredictable market. It’s feast and famine with different grades,” one aluminium buyer said.
Fastmarkets' assessment of the aluminum scrap mixed low copper clips, buying price, delivered Midwest secondary smelters was at 76-78 cents per lb on Thursday September 23, up by 1.99% from 74-77 cents per lb on September 16.
Fastmarkets' assessment for zorba 95/3 min, basis delivered US facility, also rose amid fairly robust...