US aluminium scrap exports to Mexico augments by 130.49% in April’22

The two main categories of aluminium scrap are "old scrap" from post-consumer usage and "new scrap" from industrial operations. New scrap is produced throughout the semi-fabrication and final manufacture of aluminium goods. Old scrap is defined as goods gathered after consumers' discarding. Because it is profitable, recycling aluminium scrap is a vital part of the aluminium industry.

As per the USGS statistics, the United States exported 19,500 tonnes of aluminium scrap to Mexico, which recorded M-o-M augmentation of 11,040 tonnes or 130.49 per cent from 8,460 tonnes in March. In March, a hike of 1,230 tonnes or 17.01 per cent was witnessed from 7,230 tonnes in February. For the same year, in February, the amount expanded by 2,020 tonnes or 38.77 per cent from 5,210 tonnes in January.

In April 2022, 161,000 tonnes of aluminium scrap were exported, which heightened by 123,100 tonnes or 324.80 per cent from 37,900 tonnes in March. In March, a growth of 3,200 tonnes or 9.22 per cent was seen from 34,700 tonnes in February. According to the USGS data, in February, another escalation of 3,200 tonnes or 9.22 per cent was witnessed from 32,300 tonnes in January.

Aluminium is a very resilient metal that can be recycled repeatedly without losing its original value. Recycling aluminium conserves 95 per cent of the energy required to produce the same quantity of aluminium from scratch.