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Metals

With production cutbacks in autos and aerospace, coronavirus hits aluminum

Petrochemicals

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Metals | Steel

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Metals

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Listen: With production cutbacks in autos and aerospace, coronavirus hits aluminum

Metals like aluminum and steel had been relatively unaffected as COVID-19 began to spread in the US, but the shift came as automakers – including The Big 3 and others – announced temporary production stoppages in North America. Auto is a growing demand sector for aluminum.

Another big consumer – the aerospace industry – has been gutted as airlines have slashed flights and Boeing announced a temporary production stoppage in Washington state. A number of states have implemented lockdowns of non-essential businesses, as well.

Chris Davis, Sarah Baltic and Nick Ruggiero of S&P Global Platts examine the aluminum market and where it might be headed.