US may import aluminum: Alcoa exec

Feb 26, 2014 | 12:59 PM | Andrea Hotter

Tags  Timothy Reyes, Alcoa, Alcoa Materials Management, aluminum, aluminum imports, aluminum premium, LME, Andrea Hotter

MIAMI — North America might start to import aluminum to satisfy current demand, but that will leave deficits elsewhere, a senior Alcoa Inc. executive said.

There is inventory and metal available in North America, but high premiums could incentivize imports, Timothy D. Reyes, president of Alcoa Materials Management, told AMM in an interview on the sidelines of AMM sister publication Metal Bulletin’s 20th Bauxite and Alumina Conference in Miami.

"We at Alcoa have said to call us, we have metal—it doesn’t mean you will get it tomorrow. But if you need it in a week or so, call," Reyes said. "Yet certainly from a price perspective, the current premium does incentivize those who can move fast to bring metal to North America."....

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