Aluminium scrap prices remain high; supply tightens across Europe

Aluminium scrap prices in Europe and the United Kingdom remain at multi-year highs due to the availability of scrap material continuing to be squeezed across the continent, sources told Fastmarkets.

The market is now experiencing the long-term impact of Covid-related global manufacturing shutdowns and production suspensions due to the semiconductor chip shortage, according to sources.
Market participants are growing increasingly concerned about the scarcity of scrap, particularly clean, pure and high-grade material, and the resulting impact on prices.

Fastmarkets most recently assessed aluminium scrap group 1 pure 99% and litho, delivered consumer UK at ?1,470-1,510 ($2,042-2,098) per tonne on Wednesday June 16. Litho prices have been...

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