Aluminum
Coverage of Aluminum in the Nexus archive.
- Copper and Aluminum Advance on Fading Expectations for Rate Hike
Copper and aluminum prices advanced as expectations for a rate hike diminished. The market shift reflects reduced concerns about higher interest rates impacting demand for industrial metals.
- Indian, UAE groups ink pact for $11.5bn aluminium project in Odisha
India’s Adani Group and UAE’s International Holding Company (IHC) have signed a $11.5 billion aluminum project in Odisha, forming a 50/50 joint venture to create a refinery, smelter, and power plant. The project aims to generate 53,500 jobs and boost India’s aluminum production to meet domestic demand.
- South32’s New CEO Looks to Focus on Copper After Aluminum Deal
South32's new CEO plans to focus on copper following an aluminum deal. The company aims to shift its strategic priorities post-transaction.
- Aluminum Falls to Lowest Since February as Dollar Strengthens
Aluminum prices fell to their lowest since February as the dollar strengthened, according to Bloomberg. The article references stacks of aluminum ingots as visual context.
- Ferrari and BMW are switching from copper to aluminum wiring in new models
Ferrari and BMW are switching from copper to aluminum wiring in new models. This follows similar moves by Tesla and Chinese EV makers, driven by copper prices running more than 4 times the cost of aluminum.
- Aluminum Set for Worst Monthly Loss Since 2008 on Supply Outlook
Aluminum is expected to experience its worst monthly loss since 2008 due to concerns over the supply outlook. The decline reflects significant challenges in the market related to supply conditions.
- Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return
Aluminum prices are set for a fourth consecutive weekly decline due to the return of supply from the Middle East. The drop is attributed to increased availability in the region.
- Mexico and Brazil will share US $500M in World Bank funds to decarbonize industry
The Climate Investment Fund (CIF) approved $500 million in catalytic financing for Brazil and Mexico to decarbonize their industrial sectors, targeting industries like iron and steel, cement, chemicals, and aluminum. The funding aims to unlock billions in additional private and institutional investment, preventing nearly 2 million metric tons of CO₂ emissions annually.
- Aluminum Falls as Peace Talk Progress Points to Returning Supply
Aluminum prices fell as progress in peace talks suggests a return of supply. The article mentions aluminum billets and photographer Graham Hughes from Bloomberg.
- Aluminum’s War Shock Blunted by Dark Transits and Chinese Supply
President Donald Trump imposed a 25% tariff on steel and aluminum imports, aiming to protect US industries. The move affects close allies and coincides with significant Chinese aluminum supply in Wuxi, Jiangsu province.
- Aluminum Extends Slump as China Data Adds to Downside Pressure
Aluminum prices are extending their decline as data from China increases downward pressure on the market. The article references aluminum products and cites a Bloomberg photographer.
- Aluminum Falls to One-Month Low on Iran Tension, US Rate Outlook
Aluminum prices fell to a one-month low due to tensions in Iran and concerns over the US interest rate outlook. The decline reflects market anxieties tied to geopolitical and economic factors.
- Trump makes changes to steel, aluminum and copper tariffs
President Donald Trump adjusted tariffs on steel, aluminum, and copper imports, lowering rates on agricultural equipment and HVAC systems to 15% from 25%, and expanding a 15% tariff to mobile industrial equipment for countries with U.S. trade deals. The changes, effective until 2027, aim to encourage use of U.S. metals and follow prior 2018 and 2025 tariff adjustments under Section 232 of the Trade Expansion Act of 1962.
- Trump makes changes to steel, aluminum and copper tariffs
President Donald Trump adjusted tariffs on steel, aluminum, and copper imports, lowering some on farming equipment and extending tariffs on other equipment.
- Trump amends tariffs on imported steel, aluminum, copper
President Trump adjusted tariffs on imported aluminum, copper, and steel, reducing rates on certain agricultural equipment and HVAC systems from 25% to 15%. The original 25% tariffs on aluminum and steel were initially imposed by Trump.
- Bahrain presses ahead with plan to buy French aluminum smelter
Aluminium Bahrain is proceeding with a $2.2 billion plan to acquire France’s Aluminium Dunkerque, a smelter currently owned by American Industrial Partners. The deal’s price has risen from $1.2 billion in March due to aluminum prices hitting a four-year high, partly driven by supply disruptions linked to the Iran war and attacks on Alba’s facilities.
- Trump issues proclamation to lower some steel, aluminum and copper tariffs
President Donald Trump signed a proclamation to lower tariffs on some aluminum, steel, and copper imports from 25% to 15% under the Sec. 232 national security tariffs.
- Aluminum Advances to Four-Year High on Tighter Global Market
Aluminum prices reached a four-year high due to a tighter global market. The Rio Tinto Alma aluminum smelter in Quebec, Canada, contributes to the company's production, with the Saguenay–Lac-Saint-Jean region accounting for nearly half of Rio Tinto’s global aluminum output.
- The Aluminum Shock Hitting the Global Economy
The article highlights a sudden disruption in aluminum supply chains, causing significant ripple effects across global industries and markets. Key concerns include rising production costs and potential delays in manufacturing sectors reliant on aluminum.
- Rio Tinto’s Aluminum Exports to US Rebound to Pretariff Levels
Rio Tinto’s aluminum exports to the US have rebounded to pre-tariff levels. Jérôme Pécresse addressed the issue during a news conference in Arvida.
- Key Japanese Aluminum Fee Set for Record as War Squeezes Supply
Japan's reliance on the Middle East for aluminum is forcing companies to cut production and seek alternative supply sources after key shipping routes were disrupted by the Iran conflict. A record aluminum fee is being set in Japan due to these supply constraints.
- Global Aluminum Rally Could Draw Record Exports From China
China's aluminum exports may rise as global demand increases, while US tariffs on steel and aluminum imports, including from allies, could impact trade dynamics.
- With aluminum prices up 20%, recycling startups bet on AI to cash in
Recycling startups are leveraging AI technology to improve the recovery of critical minerals, particularly aluminum, which has seen a 20% price increase. These companies aim to establish aluminum recycling as a massive source of the metal by using artificial intelligence to enhance extraction efficiency.
- Aluminum could hit $4,000 a ton amid most bullish set-up in over 50 years
Aluminum prices may reach $4,000 a ton due to a significant supply shock, with analysts predicting a major price surge. This supply shock is the largest since the 1950s. The metal's price is expected to soar as a result.
- Higher aluminum prices are powering one former Dow component. Here's how to buy for less
Alcoa is capitalizing on higher aluminum prices despite production costs and shipment issues. The company is benefiting from structurally higher prices. This trend may continue to impact Alcoa's performance.
- Aluminum prices are surging. Here's how companies are handling the costs
Aluminum prices are surging due to the Iran war, creating cost pressures for large American companies. This surge started since the beginning of the conflict. Companies are handling the increased costs.
- Aluminum Facing 'Very Large Supply Hole,' JPM Says
JPMorgan warns of a 'very large supply hole' in the aluminum market, signaling potential shortages or disruptions. The assessment highlights concerns over aluminum supply chain stability.
- America’s big new aluminum smelter is still waiting on a power deal
America’s new aluminum smelter is awaiting a power deal as the Middle East crisis disrupts global aluminum supplies. Iran’s attacks on Gulf smelters and the Hormuz Strait blockade are exacerbating the situation.
- China’s Metals Industry Racked Up Huge Profits in First Quarter
China's metals industry reported significant profits in the first quarter of the year. An aluminum stockyard in Wuxi, Jiangsu province, highlights the sector's activity.
- Gulf aluminum shipments stuck as Strait of Hormuz blockades put a strain on supply
A U.S. blockade and conflict in the Strait of Hormuz have disrupted Gulf aluminum shipments, pushing prices to a four-year high and highlighting global supply chain vulnerabilities. The situation is exacerbating trade tensions and economic strain.
- China’s Aluminum Output Fueled by Middle East’s Stranded Cargoes
China's aluminum production has increased due to stranded cargo shipments from the Middle East. The situation has led to a buildup of aluminum ingots in Wuxi, China, as depicted by a worker standing on stored bundles.
- Aluminum Drops After Iran Says Strait of Hormuz Is Fully Open
Aluminum prices dropped following Iran's announcement that the Strait of Hormuz is fully open, alleviating concerns over supply chain disruptions. The Strait of Hormuz is a critical shipping route for global oil and metal trade.
- From Cars to Cans: How the Iran War Is Affecting World’s Aluminum Supply
The ongoing conflict with Iran is disrupting global aluminum supply chains, impacting industries that rely on the metal, such as automotive and packaging. Aluminum billets, a key raw material, are highlighted as a focal point of these supply concerns.
- London Metals Index at Record High on Aluminum ‘Black Hole’ Fear
The London Metals Index reached a record high due to fears of an aluminum shortage, or 'black hole,' despite production in Abu Dhabi and Japan. Aluminum billets produced in Abu Dhabi are being manufactured at Kato Light Metal Industry Co.'s factory in Aichi prefecture.
- Century Aluminum Sees Expansion Delivering 10% Lift to US Output
Century Aluminum's expansion is expected to increase U.S. aluminum output by 10%. The surge in U.S. aluminum prices follows government-imposed tariffs on foreign imports of the metal.
- China Cuts Fuel Output, Lifts Aluminum After Gulf Supply Shock
China has reduced fuel output while increasing aluminum production amid an energy crunch affecting 20 provinces. The supply disruptions have supported a rally in aluminum prices, despite mixed impacts on the base metals market.
- Copper Falls, Aluminum Spreads Spike as US Plans Hormuz Blockade
Copper prices fell while aluminum spreads spiked amid reports of the US planning a Hormuz Blockade. The strategic move could impact global commodity markets.
- Japan carmakers squeezed by high aluminum prices, possible shortages
Japanese carmakers are facing increased pressure due to rising aluminum prices and potential shortages, which could disrupt production and elevate costs. The situation highlights vulnerabilities in supply chains reliant on aluminum for vehicle manufacturing.