According to recent global-market analysis, aluminium scrap is gaining increasing importance as countries and regions attempt to secure supply of critical minerals and reduce reliance on primary production.
👉 Source: Reuters “Aluminium scrap is the new battle front in critical minerals war”

Summary :

The global competition for critical minerals has reached the least glamorous part of the metallic supply chain.

Aluminium scrap may not be most people’s idea of “a strategic commodity” but that’s exactly what it is, according to EU trade chief Maros Sefcovic. And too much of it, over a million metric tons a year, is leaking out of the bloc in the form of exports.

Industry association European Aluminium points the finger at the United States, arguing that the country’s import tariffs, opens new tab have created a price differential that is pulling more European scrap to the U.S. market.

U.S. industry group The Aluminum Association is equally concerned about scrap leakage but it blames China and is calling for “smart, targeted export controls.”

The global battle for scrap has begun.

Article Link :

https://www.reuters.com