Arconic Corp. is looking to buy about 90mln pounds of Aluminum in the spot market for the second quarter, a shift from its past practice of making a majority of its raw material purchases through annual contracts, via Bloomberg

Arconic Corp. is looking to buy about 90mln pounds of Aluminum in the spot market for the second quarter, a shift from its past practice of making a majority of its raw material purchases through annual contracts, via Bloomberg.

Arconic's shift to purchasing a substantial amount of aluminum in the spot market marks a significant strategic change from relying primarily on annual contracts. This could indicate expectations of favorable pricing or supply conditions in the shorter term, and may also signal a broader trend in the metals industry regarding sourcing strategies. Traders should consider potential implications for aluminum prices and market dynamics as other players may respond accordingly.