Rio Tinto’s new remelt furnace at its Laterrière Plant in Quebec officially came online amid a tight aluminum market and elevated aluminum prices. Rio Tinto projects boosts aluminum recycling capacity The two-year project added 22,000 metric tons of recycling capacity for North American rolled product customers in the automotive and packaging industries. According to Rio […]
Tag: aluminum price
Russia’s ‘ruble ransom’ — how oil demands might affect aluminum prices, steel prices
Recently, Russian President Vladimir Putin made some tough talk about forcing “unfriendly countries” to pay for Russian gas in rubles, leading us to wonder how that might impact aluminum prices and steel prices. There are fears that Russia’s economic isolation will begin to affect aluminum prices or steel prices. Those impacts would further burden manufacturers […]
Aluminum MMI: LME aluminum prices retreated from all-time high
The Aluminum Monthly Metals Index (MMI) increased by 4.0%, as aluminum prices retreated from an all-time high. Aluminum prices remain bullish Aluminum prices showed downside price action and headed toward the previous month’s dips. Such declines do not change the overall outlook toward the upside. Aluminum prices continue to form chart structures that suggest overall […]
MetaMiner’s Stuart Burns talks metal prices, supercycles and more on BNN Bloomberg
It’s been a busy month for MetalMiner experts talking metal prices, volatility and much more over the airwaves. Earlier this month, MetalMiner CEO Lisa Reisman chatted with BNN Bloomberg about the recent LME nickel crisis, gold prices and much more. This week, Stuart Burns, MetalMiner co-founder and editor-at-large, checked in with BNN Bloomberg to chat […]
Aluminum prices remain high, tightness persists — who could step in to fill the gap?
Yesterday, our Stuart Burns took a look at the aluminum market and aluminum prices, including Australia’s move to ban exports of alumina to Russia. Australia’s decision to halt exports of alumina to Russia is likely to further strangle Russia’s aluminum production. As such, it will add to an already desperate situation on the global aluminum […]
Aluminum prices back on the rise as Australia bans alumina exports to Russia
After spiking dramatically following Russia’s invasion of Ukraine, aluminum prices eased back from highs of over $3,500 per metric ton on the LME to around $3,300. The market played a game of wait-and-see over a potential negotiated outcome to the conflict and to better judge just how bad the squeeze on aluminum supply would be. […]
Automotive MMI: Palladium prices, nickel prices surge as sanctions hit Russia
The Automotive Monthly Metals Index (MMI) fell by 0.7% for this month’s value, as palladium prices have surged while steel prices have retreated. Last year, MetalMiner added a suite of precious metals prices to the MetalMiner Insights platform. Russia-Ukraine war, the auto sector and palladium prices The Russian invasion of Ukraine has yielded commodity price volatility […]
Aluminum MMI: Aluminum prices spike amid escalation of Russia-Ukraine war
The Aluminum Monthly Metals Index (MMI) climbed by 8.0%, as aluminum prices spiked on the heels of Russia’s invasion of Ukraine. Aluminum prices spiked as tensions escalated between Russia and Ukraine. However, aluminum prices then began a slight decline before the launch of Russia’s full-scale invasion. MetalMiner publishes a wide range of aluminum price points […]
Russian exports hit even where sanctions are not directly applied, from energy to metal prices
What is true for oil and natural gas in the Russia-Ukraine conflict is increasingly becoming true of all commodities. Spot market oil, gas flows slow A post this week in the Economist outlines how Russia’s oil and gas exports are grinding to a halt, at least as far as the spot market is concerned. Longer-term […]
Current impact of the Russian invasion of Ukraine on the European metals market, metal prices
To say the situation in Ukraine — and its impact on metal prices _— is constantly evolving situation would be an understatement. No sooner is the position defined when new developments put previous assessments out of date. Nonetheless, we will do our best to address many of the developments as they are evolving this week. […]
