Aluminium shortage
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Aluminium shortage
by hobo finds » Tue Jul 07, 2020 1:20 pm
I went to the store yesterday and new signs posted by the beer and soda. It stated due to a national aluminium shortage certain types and flavored can beverages may not be in stock. Wtf. More bs....
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Re: Aluminium shortage
by TXSTARFIRE » Tue Jul 07, 2020 9:17 pm
Scrap aluminum prices going up then?
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Re: Aluminium shortage
by smackvay » Tue Jul 07, 2020 10:47 pm
TXSTARFIRE wrote:Scrap aluminum prices going up then?
i hope so as i havent sold anything other than steel for maybe 2 years, probably have 2500 of sheet clean aluminum
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Re: Aluminium shortage
by Recyclersteve » Wed Jul 08, 2020 7:06 am
I read about shortages in both San Diego and Houston.
One thing a bit strange about aluminum cans is this. They have a small surface area and if you pick one up that was recently touched by someone with the virus, that would likely pose a problem. I have recycled other items, but the cans are a potential problem for now IMHO.
One thing a bit strange about aluminum cans is this. They have a small surface area and if you pick one up that was recently touched by someone with the virus, that would likely pose a problem. I have recycled other items, but the cans are a potential problem for now IMHO.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
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NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
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Re: Aluminium shortage
by aussamdad » Wed Jul 08, 2020 10:25 am
today here in Houston 30 cents a pound for cans....lets see $1.30 pound! I am covered up in them.
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Re: Aluminium shortage
by xippi » Wed Jul 08, 2020 7:39 pm
prices at the scrap yard have been cut in half in the last year from .40 per lb down to .20 cents
from April 22 2020 Seattle times
[b]Alcoa to shut Ferndale smelter, throwing 700 out of work[/b]
"The country now only has five smelters remaining and all of them are losing money. Forecasts have been bearish, with supply of aluminum far outpacing demand"
https://www.seattletimes.com/business/l ... t-of-work/
I thought I read somewhere there closing a place in NY or Michigan but I couldn't find the story.
from April 22 2020 Seattle times
[b]Alcoa to shut Ferndale smelter, throwing 700 out of work[/b]
"The country now only has five smelters remaining and all of them are losing money. Forecasts have been bearish, with supply of aluminum far outpacing demand"
https://www.seattletimes.com/business/l ... t-of-work/
I thought I read somewhere there closing a place in NY or Michigan but I couldn't find the story.
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Re: Aluminium shortage
by Recyclersteve » Thu Jul 09, 2020 12:15 am
This is a strange occurrence. Normally prices go up (not down) when there are shortages. It is hard to explain, except that I never thought I’d see barrels of oil and interest rates both below zero in my lifetime. This is indeed the Bizarro World (Seinfeld reference).
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: Aluminium shortage
by Recyclersteve » Thu Jul 09, 2020 12:15 am
Accidental dupe- sorry.
Last edited by Recyclersteve on Sun Jul 19, 2020 11:51 pm, edited 1 time in total.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: Aluminium shortage
by Recyclersteve » Thu Jul 09, 2020 12:18 am
Another thought- if you think the shortage will last a while, you might stock up on aluminum foil. That would make an interesting barter item for a SHTF situation.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: Aluminium shortage
by knibloe » Thu Jul 09, 2020 12:42 pm
Recyclersteve wrote:Another thought- if you think the shortage will last a while, you might stock up on aluminum foil. That would make an interesting barter item for a SHTF situation.
In my opinion if there is an item that you use on a regular basis you should have a spare (or 2) on hand. Especially after all of this.
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Re: Aluminium shortage
by messymessy » Sun Jul 19, 2020 4:03 pm
There isn't a shortage of aluminum, it is a shortage of cans.
There was no paper pulp shortage, but there sure was a toilet paper shortage.
Same idea. People's buying habits have changed.
There was no paper pulp shortage, but there sure was a toilet paper shortage.
Same idea. People's buying habits have changed.
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