The news from the International Aluminum Recycling Conference held in Munich stated that due to the high price fluctuation of aluminum alloys, the supply of scrap aluminum in the international market is still tense.
Sources said that one of the reasons for the shortage of scrap aluminum supplies is the increased demand for scrap aluminum from aluminum remanufactured forged aluminum products. Another reason is the growing demand for cast aluminum alloys in the automotive and truck manufacturing industries.
From the perspective of the European market, due to the decrease in imports and exports, the supply of scrap aluminum in the European market will continue to be tight in the long term. In 2002, due to the increase in foreign exports, the supply of scrap aluminum in Western Europe gradually tightened. In addition, the reduction in the inflow of scrap aluminum in Eastern Europe has also contributed to the shortage of scrap aluminum supplies in Western Europe.
In recent years, European waste aluminum has begun to flow into China in large quantities, and it is expected that this trend will not change in the short term. It is alleged that China plans to expand its current 600,000 tons/year aluminum remanufacturing capacity to 2.6 million tons/year in the medium term.
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