Bad news for Aluminum users (hopefully only short-term)
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  1. #1
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    Default Bad news for Aluminum users (hopefully only short-term)

    Aluminum prices hit decade high as coup threatens supplies from Guinea - CNN

    The coup may bump prices up, but generals "generally" like to get the economic side of the country back in gear asap, if for no other reason than to up the looting potential. So my fully-uninformed guess is that this will not be a long term issue, but may lead to a spike in scrap Al value.

    If you've been saving your bins of chips, time to get pricing from your scrap dealers...

  2. #2
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    Think of others...."Drink more beer".....

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    Quote Originally Posted by digger doug View Post
    Think of others...."Drink more beer".....
    Drink enough and you'll not be thinking of anything...

    [Beer can pricing will be going through the roof!]

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    Quote Originally Posted by Milland View Post
    Drink enough and you'll not be thinking of anything...

    [Beer can pricing will be going through the roof!]
    Naw....then you get into refillable kegs.....

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    I was under the impression that a lot of alumina came from Australia...

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    but organizing a coup in Australia was probably much more expensive...

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    What happened to the Russian aluminum?

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    I have some 6061 flat stock here. Rather sell it for above scrap. I remember at one point getting 80 cents a pound for chips. That was a while back

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    Quote Originally Posted by Mark P. View Post
    I have some 6061 flat stock here. Rather sell it for above scrap. I remember at one point getting 80 cents a pound for chips. That was a while back
    Try the "For Sale" section.....

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    Quote Originally Posted by digger doug View Post
    Try the "For Sale" section.....
    Thanks....maybe I will. You've been so kind and helpful.

  13. #11
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    Quote Originally Posted by Mark P. View Post
    Thanks....maybe I will. You've been so kind and helpful.
    You caught him on a good day...

    I take it from the lack of real replies that this isn't something folks are worried about. Hopefully it's a damp squib, not a burning fuse...

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    Quote Originally Posted by sealark37 View Post
    What happened to the Russian aluminum?
    The only Russian aluminum I ever got was 7075.

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    when i started yacht building in 1986 Alu plate was 4600 to 5600 tonne it stayed below 7000 for 30 years, just went crazy now like all other metals

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    Quote Originally Posted by CITIZEN F16 View Post
    The only Russian aluminum I ever got was 7075.
    Me too. KUMW is the mill on the plates I've gotten. I "think" I've noticed some porosity in one plate, but I never etched it and checked under a microscope to be sure.

    Should have checked past threads - here's one from 2010 talking about warping and porosity in KUMW plate:

    Russian 7075 plate?

    [Hah! I actually necro-posted in that thread and forgot about it]

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    There is nothing wrong with KUMW aluminium. We buy in a lot of aluminium and it comes from all over, a good portion of it from KUMW. Most of the aluminium we machine is for tensile load cells and subsea hydraulic systems, material quality is taken seriously. We have encountered some material failures (inclusions and cold laminations most commonly) over the years, but KUMW do not stick out as being worse than anyone else.

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  19. #16
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    Quote Originally Posted by sealark37 View Post
    What happened to the Russian aluminum?
    Apparently they were Stalin on their delivery.

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    Quote Originally Posted by rbmgf7 View Post
    Apparently they were Stalin on their delivery.

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    Quote Originally Posted by Milland View Post
    Aluminum prices hit decade high as coup threatens supplies from Guinea - CNN

    The coup may bump prices up, but generals "generally" like to get the economic side of the country back in gear asap, if for no other reason than to up the looting potential. So my fully-uninformed guess is that this will not be a long term issue, but may lead to a spike in scrap Al value.

    If you've been saving your bins of chips, time to get pricing from your scrap dealers...
    Probably won't be as big a threat as Goldman-Sachs price manipulation was (still is?)....

  23. #19
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    Quote Originally Posted by rbmgf7 View Post
    Apparently they were Stalin on their delivery.
    I'm going to steel that pun...

    [Get it? "Steel"?]

    [I'm so lame...]

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