The Aluminum Monthly Metals Index (MMI) increased by 7.0%. Prices remain historically high, with Chinese prices increasing the most this month. Throughout July, LME aluminum traded mostly sideways until the last few days of the month when the price spiked. LME prices reached $2,619/mt on Aug. 1. Prices are close to the decade high of […]
Tag: aluminum price
Elevated US Midwest aluminum premium is here to stay
A recent post from the Russian news agency Interfax paints a predictably conciliatory line on the impact of Russia’s export tariffs on RUSAL. The post faithfully reports RUSAL’S complaints that the introduction of export duties will make some of the group’s export supplies unprofitable. It add that it may force the company to mothball a […]
Aluminum Midwest Premium hits record high
As if aluminum buyers didn’t have enough to contend with, including long mill lead times and rising conversion premiums, they are also dealing with a rising Midwest premium. Furthermore, Russia’s move to impose a 15% export tax on unwrought aluminum has had a profound impact on the Midwest delivery premium. Are you ready for your […]
MetalMiner experts talk steel, aluminum and more on ROTH Capital Partners webinar
MetalMiner experts recently joined ROTH Capital Partners for a webinar that covered a wide range of metals topics, including oil prices, macroeconomic trends, and insights into the aluminum, steel and copper markets. The webinar, which took place July 14, followed up on a previous MetalMiner-Roth webinar on May 20, 10 days after metals surged to […]
Aluminum MMI: Aluminum prices remain historically high
The Aluminum Monthly Metals Index (MMI) increased by 0.9% this month, as aluminum prices traded mostly sideways but remained historically high. Are you under pressure to generate aluminum cost savings? Make sure you are following these five best practices. Aluminum prices Throughout June, LME aluminum prices cooled off. However, in the last week of the […]
Russia’s metal export duty a ‘broadside shot’
Russia’s plan to introduce from Aug. 1 a temporary export duty on metal exports has brought varied reactions from European industry watchers and market participants. “It’s about showing the strength of the Russian metals industry,” one analyst told MetalMiner. Russia’s planned tariff may also be a retaliatory measure against Europe and its proposed carbon tax […]
The aluminum shortfall could potentially turn into a surplus later this year.
However you slice and dice the statistics — and there are numerous ways stats can be sliced and diced — the global aluminum market is tight. Whether we look at primary ingot, extrusion billet or rolling slab intermediates, or semi-finished sheets/plates, tubes and extrusions mill lead times are long and conversion premiums are high. Meanwhile, […]
China suggests it could release state reserves of base metals
It would seem Beijing only has to speak and the market reacts — this time, it’s about base metals. Worried by what it sees as excessive inflation in commodity prices, which it fears will lead through into factory gate increases, China warned speculators last month over “excessive speculation.” The warning from China’s National Food and […]
As China targets 2030 for peak coal use, aluminum output could also peak
China’s steel and aluminum market is undergoing a quiet revolution. It’s not a revolution of investment or innovation. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Peak aluminum, steel in China? According to Reuters, Beijing’s target of peak […]
Construction MMI: Architecture Billings Index rises for third straight month
The Construction Monthly Metals Index (MMI) held flat for this month’s reading. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. US construction spending ticks up in April U.S. construction spending reached a seasonally adjusted […]
