China’s willingness to pump out primary aluminum while banning scrap imports has created low aluminum scrap prices worldwide. Aluminum scrap is flowing at record volumes from North America and Europe to India and Southeast Asia, but the new demand has not been enough “to fill the hole China is leaving behind,” according to a speaker at the Nonferrous Division meeting of the Bureau of International Recycling (BIR). The Brussels-based BIR held its 2019 World Recycling Convention in May in Singapore. Henry Van, a Singapore-based aluminum industry analyst with CRU International Ltd., said the action by China’s government to restrict scrap imports has created a “supply side shock” in the United States aluminum scrap market. China’s aluminum scrap import volumes in February 2019 “were the lowest in more than a decade,” said Van. Some of that scrap is still finding its way to China after being shipped to Malaysia, Thailand, Taiwan and other nations near China, where it is melted and cast at facilities in those countries. Another beneficiary of the new supply glut is India, where investments in secondary production are being made by global firms including India-based Hindalco and Japan...