- Joined
- Jun 27, 2017
- Messages
- 1,455
On September 16th a fire struck the Novelis aluminum plant in Oswego, NY. This plant produces 40% of the aluminum sheet metal used in the US automotive industry. It is expected that the plant will be offline for repairs until next year. Replacement of aluminum sheet inventory will require overseas sources which are subject to import tariffs.
This problem impacts Toyota, Hyundai, Volkswagen ,and Stellantis. But the biggest impact is at Ford, specifically F-150; the top-selling vehicle in the US. I would imagine that Wall Street is paying close attention.
In 1980, light vehicles had 100 pounds of aluminum per car. Now it is up to 500 pounds.
This problem impacts Toyota, Hyundai, Volkswagen ,and Stellantis. But the biggest impact is at Ford, specifically F-150; the top-selling vehicle in the US. I would imagine that Wall Street is paying close attention.
In 1980, light vehicles had 100 pounds of aluminum per car. Now it is up to 500 pounds.