Worldwide Aluminum Market Imbalance Due to Quick Recovery in China
For the first time in a long while, there is a scarcity of aluminum in China since Q2 this year. As we reported in our July blog article, the automotive industry in China was experiencing an upward trend even back then, largely due to an easing of Covid-19 restrictions. In addition, car sales were up […]
Secondary Aluminum Lauded as Key Component in Meeting Climate Targets
Are the net-zero carbon emissions targets required by the Paris Agreement and slated to occur between 2050 -2070, simply too hard to reach for the global aluminum industry? That is the question Miles Prosser, secretary-general of the International Aluminum Institute, is asking while reflecting that the situation is “challenging” (Platts, July 16, 2020). The main […]
Optimism Sets the Tone for Medium to Long Term Aluminum Demand
Optimism sets the tone for aluminum demand during the recovery phase of the coronavirus pandemic, as governments invest in infrastructure, construction, and the automotive sector in order to help the economic recovery of their countries. Although Miles Prosser, Secretary-General of International Aluminum Institute, sees a small mismatch between the present production of aluminum and demand, […]
Market Forces and Aluminum Supply Chain Management
Although Covid-19 poses a challenge to mining and metals supply chains, it is important to remember that price volatility is nothing new; in fact, throughout 2018 factors such as climate change, tariffs, shutdowns beginning in China, and a lack of diversification have all affected supply chains, much of which has been documented in Eccomelt blog […]
Upward trend for automotive sales expected as result of easing CoVID-19 restrictions
The CoVID-19 pandemic outbreak was a major roadblock for the automotive sector. In March 2020, 80% of automotive and related companies reported that the health crisis will have a direct impact on their revenues. 78% also stated they did not have enough staff to run a production line. The reason for such predictions is that […]
Eccomelt LLC Supplying Customers who are Manufacturing Essential Extrusions for Healthcare Infrastructure
When people think of essential services, hospitals immediately come to mind. Eccomelt LLC is proud to be supplying our customers, like Bonnell Aluminum, who have adapted their production to manufacture essential extrusions. These materials are used for building temporary emergency hospitals, shelters, and many other much needed healthcare infrastructures. We live in an interconnected society […]
How is the nCoV-19 (Coronavirus) Impacting Aluminum and Commodities Markets?
The price of aluminum has drastically fallen in the last month due to the outbreak of the new coronavirus that originated in the Chinese city of Wuhan. Industry experts are fearing a repeat of the 2003 “SARS Shock”, when an epidemic of severe acute respiratory syndrome shook markets around the world. China currently consumes almost […]
Key Highlights from the S&P Global Platts Aluminum Symposium 2020 and Dan Bitton, CEO of Eccomelt LLC, Comments
Eccomelt executives recently attended the S&P Global Platts Aluminum Symposium between January 19 and 21, 2020. During the conference, we had the pleasure of meeting senior managers, analysts and investors of all facets of the aluminum industry. The symposium also served as an opportunity for us to discuss the company’s product, eccomelt356.2 an innovation in […]
