What’s Up with Aluminum Can Supply

Dear Client:   Aluminum can supply is tight this year, thanks to the soaring demand for hard seltzers, RTD cocktails and canned wine.  For instance, during Cuervo's recent earnings call, Proximo Spirits chief Mike Keyes said they're experiencing constrained supply for its new Jose Cuervo Playamar Tequila Hard Seltzer due to the ability to get cans right now [see WSD 10-23-2020]. Credit Suisse analyst Curt Woodworth estimates that the "North American can industry is sold out for the next 24-36