European automaker and subsequent smelter shutdowns in the United Kingdom - enforced to halt the spread of the coronavirus - drove secondary aluminium ingot prices down in the region to an 11-year low on Wednesday March 25.
European carmaker closures to combat the virus, which started in earnest with Volkswagen's Slovakia-site closure on Sunday March 15, have riled the secondary aluminium supply chain, exacerbating an already-weak UK spot market and leading to a slew of UK smelter closures."Most of the UK secondary aluminium industry has closed, such as auto part producer Castalum...