The decline in European manufacturing has led to a decrease in aluminium scrap availability. Lower demand from downstream metal producers, combined with the seasonal summer slowdown, has reduced scrap generation. This situation is expected to support aluminium scrap prices, potentially squeezing margins for alloy makers. Germany’s industrial sector continues to experience a downturn, with a significant drop in orders. The availability of recycled raw materials remains limited, and a price rebound is unlikely in the near term.