Metal availability a big challenge: executive

Mar 19, 2014 | 05:30 PM | Michael Cowden

Tags  Bonnell Aluminum, Guy Charpentier, AEC, Aluminum Extruders Council, extrusion, billet, aluminum, Michael Cowden

CORAL GABLES, Fla. — Securing metal—whether billet, prime or scrap—remains challenging due to stock financing deals and tight credit markets, one executive said.

That reduced metal availability has also led to higher prices and premiums for both aluminum consumers and their downstream customers, Bonnell Aluminum Inc. marketing manager Guy Charpentier said.

And no immediate relief is expected from new London Metal Exchange rules and a pullback in quantitative easing, he said.

“The market dynamics have changed, and we have to consider other alternatives,” Charpentier said at the Aluminum Extruders Council’s (AEC’s) annual meeting and leadership conference in Coral Gables, Fla.....

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