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    AMU

    August 9, 2024

    CRU aluminum news roundup

    Written by Marziyeh Horeh

    This week, the US-based Aluminum Association released the latest shipment data for extruded products in June. According to the report, shipments of extruded shapes totaled 360 million pounds (180,000 short tons) in June, representing declines of 8.2% y/y and 8.2% m/m. As for the YTD period up to July, total shipments amounted to 2.2 billion pounds, a decline of 6.3% y/y.

    The report follows the one for rolled products released a week earlier. The report was disappointing, with shipments down 1.7% y/y and 3% m/m. For rolled products, this marks a return to contraction for the first time since October 2023. As for extrusions, this suggests the small growth of 0.4% y/y seen in May was probably just a one-off, as the sector has been in contraction mode since August 2022.

    Marziyeh Horeh

    Marziyeh Horeh is an aluminum analyst at CRU. She covers extrusions and the secondary market in North America. Prior to joining CRU in August 2023, Marziyeh was a post-doctoral fellow at Purdue University focusing on the economics of climate change and sustainability. Marziyeh holds a PhD in Natural Resource Economics from West Virginia University.

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