Aluminum recycling costs in the United States are on a steep downward trend, according to new data from the U.S. Department of Commerce.
The price of aluminum for recyclers dropped 4.4% in April from March, according a report released Monday by the Commerce Department.
Aluminum recycling rates fell in eight U.N. Member States last month.
In March, recycler prices were $2.70 per pound compared to $4.10 this month.
Aluminum is used in the manufacture of many consumer goods, from batteries to toys.
The U.K. and Germany are the leading producers of aluminum, and Japan has been increasing its use to replace coal in the economy.
In the U-S, the aluminum market has been declining since the mid-1990s, when a global glut of aluminum ended, said John Kullen, a senior analyst at the nonprofit Environmental Defense Fund.
The metal’s use has declined for the past five years, as demand for batteries has dropped, he said.
Aluminum prices fell more in April than they did in March in every U.M.S.-aligned country, the report found.
In Canada, prices were about 5% lower than the previous month.
The most dramatic drop in prices came in Japan, where prices fell 11.5% in the first quarter from March.
The country’s aluminum prices have fallen for three straight months, and the decline has accelerated in recent years, according, the World Resources Institute.
The decline in prices has come despite a steady increase in the demand for aluminum in the U, a sector that has been in a downturn for years.
The aluminum market in the US has also seen an explosion in the use of recycled aluminum.
The use of aluminum is now the second-largest source of U.A.E. recyclable material, with more than 3.5 million tons in 2011, according the American Association of Recyclers.
“We are in the midst of an aluminum boom,” said David Stearns, director of the Materials and Recycling Research Institute at George Mason University.
“The demand for recycling aluminum is growing and is growing fast.
We are seeing an abundance of aluminum coming into the U.”
The U-A-E recycling market is booming, and more recycling is needed, Stears said.
“That’s the most important thing for us,” he said, adding that recycling could be one of the next big steps in meeting the demand.
There is still a lot of work to be done.”