US aluminium scrap imports from Mexico shrink by 12% in April’22 after an intermittent rise in the previous month

Aluminium is the metal of the future. It is one of the essential elements of the “Green Economy.” And in this run towards a sustainable environment, aluminium holds the most significant part. Due to its unique characteristics, it 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.

According to the USGS data, the United States imported 18,300 tonnes of aluminium scrap from Mexico, which declined by 2,500 tonnes or 12.01 per cent M-o-M from 20,800 tonnes in March. In March, Mexico exported 20,800 tonnes of aluminium scrap to the US, reflecting growth of 3,700 tonnes or 21.63 per cent from 17,100 tonnes in February. For the same year, a hike of 1,700 tonnes or 11.03 per cent was recorded in February from 15,400 tonnes in January.

Due to low bauxite mining activity, Mexico has a persistent deficit in aluminium and is forced to rely mainly on imports. However, it is well known for its secondary aluminium smelters and die-casters that serve the domestic automotive sector.

On a Y-o-Y calculation, a drop of 1,600 tonnes or 8.04 per cent was recorded in April 2022 from 19,900 tonnes in April 2021. The total amount of aluminium scrap imported by the United States in April 2022 stood at 55,000 tonnes, which contracted by 7,900 tonnes or 12.55 per cent from 62,900 tonnes in April 2021.

In April 2022, the total amount of aluminium scrap imported by the United States closed at 55,000 tonnes, which declined by 2,800 tonnes or 4.84 per cent from 57,800 tonnes in March. On the other hand, in March, a growth of 11,600 tonnes or 25.10 per cent was recorded from 46,200 tonnes in February. As per the USGS statistics, in February, a dip of 500 tonnes or 1.07 per cent was seen from 46,700 tonnes in January 2022.