Elementary economics: slumping industrial production and demand from China is pinching aluminum scrap supply.(Commodity Focus)

From: Recycling Today | Date: February 1, 2004 | Copyright information

The scrap metal industry exported a record amount of material--nearly $1 billion--to China in 2003. The country's insatiable hunger contributed to historically high prices for some secondary commodities, such as copper. Aluminum and other secondary metals benefited from moderate pricing increases throughout the year.

However, not all effects on the scrap metal industry were rosy, as the basic economic forces of supply and demand took hold. Aluminum scrap supply was constrained thanks to reduced industrial scrap generation in North America and increased demand from China. This ...

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