Metlen Energy & Metals warns of risks to Europe's aluminium scrap, urging safeguards
In the wake of the Trump administration's tariff hike to 50 per cent on aluminium excluding the scrap, alongside the UK coming into a discussion for relief, a rising concern has levitated in Europe. A silent "scrap battle" arises from Europe, which is deemed to have lost a vast amount of aluminium scrap and is said to be going into the US domains.
The demand surge for European aluminium scrap after the doubling of the US tariff on primary aluminium is creating a threat to the in-house recycling facilities. This has been a concern since European aluminium scrap is referred to as "strategic raw material" enriched with energy and value. Hence, an excessive outflow of scrap can affect the continent's sustainability goals.
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