A lack of automotive demand in the UK - and across the rest of the world - has driven secondary aluminium prices in the country to a two-month low, Fastmarkets heard on Thursday April 22.
The global shortage of semiconductor chips, which has led to a temporary halt in automotive production across the UK and Europe, has weakened demand for secondary aluminium, putting downward pressure on ingot prices."As a result, we have adjusted production schedules for certain vehicles," the spokesperson added, "which...