From 1590 Tonne last August to 2075 today. Aluminum continues its climb.Our Asian counterparts advise that China has closed several large facilities in a, reducing pollution attempt,
creating a shortage scenario. They requested an immediate 22% increase. Not 4-5% or 7%, but 22%.
Advising carton papers all papers are up 20%. This is unprecedented.
NOW- Lets add the US Govt 25-75% tariffs on Aluminum, to be solidified in September. First of October a % is what they are trying to reconcile.
The tariff is a done deal, just need details on %, Its Real.
Source: Nick R Magdaleno