Brazil sales worry US aluminum buyers

Aug 22, 2014 | 06:01 PM | Nathan Laliberte

Tags  Brazil, aluminum, traders, P1020, Midwest premium, Canada, Europe, Nathan Laliberte

NEW YORK — Several aluminum P1020 consumers are growing concerned about an anticipated supply shortage resulting from a recent uptick in shipments of domestic aluminum to Brazil.

The spike in shipments is the result of stepped-up demand from producers in Brazil, who have struggled to overcome serious production cutbacks caused by a recent power shortage.

Camex, Brazil’s foreign trade council, recently announced that it will exempt 300,000 tonnes of unwrought aluminum from the 6-percent import tax for a 12-month period to help spur industrial production in the country.....

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