Aluminium scrap prices demonstrated an upward trajectory during the fourth quarter of 2025, shaped by intensifying global competition for recyclable feedstock and shifting trade flows. In Europe, supply tightness persisted as scrap exports to non-EU destinations continued to rise, driven by price differentials that favored shipments to overseas markets. The region's recycling sector faced feedstock constraints, with a notable portion of furnace capacity remaining idle due to insufficient scrap availability. In the United States, aluminium scrap remained exempt from import tariffs applied to primary metal and semi-manufactured products, which sustained strong inbound flows from key trading partners. Increased shipments from European suppliers, particularly from Germany and Spain, supplemented traditional supply sources from Mexico and Canada.
In Asia, demand for aluminium scrap remained firm as China and India continued to seek raw materials to support domestic recycling operations. Trade patterns reflected ongoing adjustments to China's restrictions on low-grade imports, with transshipment through intermediary countries persisting. The strategic importance of aluminium scrap gained recognition among policymakers, prompting discussions on measures to retain recyclable materials within domestic markets.