China Scrap Demand Outpacing Supply to Lift Prices, Harbor Says
China’s demand for scrap aluminum will continue to outpace domestic supply, keeping the global market for the metal tight and supporting prices, said Gerardo Solorio, an analyst at Harbor Intelligence.
Supply tightness is being exacerbated by growth in the North American automotive industry, which is making up for “sluggishness” in Chinese car production, Solorio said today at a conference in Chicago hosted by Harbor.
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