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The prices of Aluminium Alloy Ingot in the USA continued to move upwards as the market was influenced by the increasing scrap inflows, changing demand trends, changing energy and technology dynamics. Although there was pressure from the slowing automotive sector, the growing solar energy installations and the long-term electrification outlook helped sustain Aluminium Alloy Ingot demand.
The Aluminium Alloy Ingot market in the USA experienced a significant increase for the week ending January xx, xxxx, with DEL Alabama prices increasing by +x.xxx from the previous week. This is a result of increased raw material availability, trade patterns, and demand from new industries. Aluminium Alloy Ingot manufacturers continued to enjoy stable scrap material supply, despite uncertain macroeconomic trends.
The availability of raw materials contributed largely to the rise in the production of Aluminium Alloy Ingot. The supply of scrap materials in the USA was adequate, with additional supplies coming from Canada and Mexico. The US governmentx;s imposition of a xxx tariff on the importation of primary aluminium, as opposed to zero tariffs on scrap imports, has made the importation of scrap materials more attractive to American consumers. As such, the USA has experienced an increase in the demand for...
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