AMU
October 11, 2024
Written by Marziyeh Horeh
Aluminum product manufacturer Novelis has signed a three-year agreement with TSR Recycling of Germany for delivery of around 75,000 metric tons (mt) of pre-sorted and end-of-life aluminum products. They will be processed at the Novelis Nachterstedt recycling center in Saxony-Anhalt, eastern Germany, as a feedstock for low-carbon aluminum sheet used in the automotive sector.
Recycler forward expectations swung toward oversupply in September as inventory drawdowns eased and export demand lost August’s improving responses.
Kibar Americas said production has started at its aluminum plant in Fairmont, W.Va., where it will manufacture products for the HVAC, packaging, automotive and industrial sectors.
China is bumping up against its official primary production capacity limit of 45.3 million metric tons/year, but production can still increase through “capacity creep.”
Automotive aluminum demand is rising as extrusions, sheet, and castings gain ground across vehicle applications and powertrains.
Recycler demand increased while fewer respondents reported sufficient obsolete scrap, even as inventory drawdowns remained widespread.