Aluminum industry frets over supply snarlsBloombergSupply chain snags that have roiled commodity markets and this week helped push aluminum prices to a 13-year high are unlikely to ease any time soon. That was the message coming from producers, consumers, traders and shippers at North America’s largest aluminum conference, which ended on Friday. Compounding matters in the aluminum industry are worker shortages at plants and a lack of truck drivers to deliver what is available. Several aluminum conference attendees said that labor shortages are their biggest problem, and they do not have any idea when the situation will improve. Such a practice has a serious risk if prices fall and you’re carrying extra unhedged inventory.”The surge in aluminum prices comes as producers and consumers negotiate annual supply contracts.

Source: Taipei Times September 11, 2021 15:56 UTC