US & Mexico Weekly Scrap Report (October 1, 2021)

 
MAGNESIUM SPECIAL ALERT.

Executive Summary

USA MARKET COMMENTARY

1. STRONG DEMAND: US consumers continue looking for prompt EC 1350 scrap.

2. RISING SECONDARY SCRAP PRICES: US secondary smelters raise their old cast pricing.

3. MAGNESIUM SPECIAL ALERT. US PULLED INTO MAGNESIUM FRAY: Major US magnesium supplier declares force majeure, may hit North America’s entire aluminum supply chain.

4. SILICON SPECIAL ALERT. 30% DEMAND DESTRUCTION: Silicon shortage, price spikes and semiconductor scarcity are shocking the auto market and thus the aluminum industry.

MEXICAN MARKET COMMENTARY

SECONDARY CRISIS: Silicon prices up 125% but secondary ingot prices stalled.

More details in full report.

 

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