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Related: About this forumThe Aluminum Shock Hitting the Global Economy - Wall Street Week
The global aluminum market is being squeezed by two powerful forces at once: conflict in the Middle East and rising US tariffs. Industry executives say disruptions to production and shipping in the Gulf region are removing significant supply from global markets just as tariffs are already pushing prices higher for American buyers. Jean Simard of the Aluminium Association of Canada warns the full impact of blocked shipments and damaged smelters has yet to hit North America, while Norsk Hydro executive Trond Christophersen says Asian markets are facing even greater physical supply risks. For manufacturers like Minnesota-based Wolf Tooth Components, the combination of tariffs, supply disruptions and surging demand from AI data centers is driving costs sharply higher and creating new uncertainty across the aluminum supply chain.
dem4decades
(14,458 posts)multigraincracker
(38,125 posts)aluminum cans is?
Im across the street from Ohio and they dont have a return law. Years ago it was 2 cents/can.
SouthBayDem
(33,393 posts)multigraincracker
(38,125 posts)Wish they would do the same on plastic bags.
moniss
(9,175 posts)a similar situation is with the oil supply. Despite the higher fuel prices now I have recently had a conversation where I describe this period we're in as being a "lull". The ripple effects of the high prices/supply impacts take awhile to ripple through the economy. Similar to the oil embargo in the early '70's. The embargo itself didn't last horribly long but the ripple effects through the economy grew larger and larger as wave after wave of price increases for goods came through the economy. People tightened their spending, layoffs began in response to weakening sales volume for consumer goods, home improvement materials etc. Then the layoffs fed into more decreased spending/demand and the spiral became a loop like a dog chasing its' tail.
Imagine the reaction today if the US gas stations had "closed" signs or if the old "odd/even" or purchase limits went into effect for gasoline and diesel. According to basic demographic info only 18% of the current population is over the age of 65. That figure of 65 I chose because that would mean that when the 1973 embargo hit that person was 12 years old and that would be about the age where you might have really begun to understand the impact of gas station rationing/closing etc. So 82% of the country alive today pretty much has no real touch for what that was like. The stats show that over 50% were born after 1973.