Today Spend Matters PRO speaks with MetalMiner about the recent aluminum warehouse scheme that’s been capturing front-page headlines in the New York Times, prompting some drastic changes by some of the market participants. We’ll explain how much companies pay for aluminum, and what components of total cost have recently changed. We’ll also explain the “$3 billion” in hidden cost (and profit) in the supply chain, as well as who is profiting from it. Then we’ll delve into why the outrage isn’t aimed at the producers, such as Alcoa, rather than the investment banks like Goldman Sachs and Morgan Stanley. And finally, due to all this, should companies change their sourcing strategy for aluminum??
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