The Aluminum Monthly Metals Index (MMI) remained consolidated, falling by a modest 1.29% from December to January. Meanwhile, LME aluminum prices continued to trend sideways during the first half of January. Aluminum Prices Sideways, Midwest Premium Futures Up The aluminum market remained uncertain during the first few weeks of the new year. Less than a […]
Tag: Aluminum
Aluminum MMI: End of China Rebates, Alumina Supply Support Aluminum Prices
The Aluminum Monthly Metals Index (MMI) edged lower, with a 1.23% decline from November to December. Aluminum Prices: A Year in Review 2024 began on a low note for the aluminum market, as Q4 2023 witnessed a year-over-year drop in shipments as well as average selling prices for certain domestic suppliers. In its financial results, […]
Construction MMI: China’s Export Tax Rebate Reverberates on U.S. Construction Market
The Construction MMI (Monthly Metals Index) held its sideways trend, dropping by a slight 1.09%. Despite a torrent of construction news, the index didn’t budge much month-over-month and had a minimal reaction to recent interest rate drops. The Fed will likely need to drop interest rates more aggressively for the construction index to display any […]
China’s Export Tax Rebate Shock: The Aluminum Market Faces a New Reality
A much-reported but little-understood development in the aluminum market this month has the potential to significantly alter the supply chain landscape for aluminum semi-finished metals in the year ahead. Beyond that, it could have serious repercussions for the price of aluminum around the globe. As my colleague Nichole already reported, China’s Ministry of Finance canceled […]
Global Markets Brace for Aluminum Bull Run Amid Supply Crunch
Global bauxite and aluminum prices have surged to a five-month high this month, driven by economic growth, growing supply concerns, a dip in the value of the U.S. dollar and the “China factor.” Currently, analysts predict that prices could rise further from current levels. Aluminum prices are currently about 18% higher year-on-year. Even aluminum futures […]
Aluminum MMI: End of China Rebates, Alumina Supply Support Aluminum Prices
The Aluminum Monthly Metals Index (MMI) steadied, with a 1.38% rise from October to November. Aluminum prices moved sideways during October. While they only managed a 0.99% rise, aluminum still managed to outperform other base metals during the month. However, prices started to slip by mid-November as they echoed the increasingly bearish trend emerging in […]
Aluminum Prices Rise Amid Global Supply Shocks
In a sense, this is a story of aluminum, alumina and bauxite. Of late, aluminum prices have been shooting up, touching new highs at the London Metal Exchange (LME) and in other global exchanges. Much of this is because of a worldwide alumina shortage. In the last month or so, there’s been as much as […]
As Alumina Prices Spike 20%, Will Aluminum Smelters Survive the Cost Squeeze?
It seems aluminum prices could be in for a shock. With so much else happening in the news, aluminum buyers could easily overlook the recent Guinea export ban on bauxite to Emirates Global Aluminum. However, this move has triggered something close to panic in the alumina market, spiking prices by over 20% this month and […]
Aluminum MMI: Aluminum Market Sees Mixed Headwinds
The Aluminum Monthly Metals Index (MMI) rose 3.16% from September to October. Aluminum prices continued to rise throughout September, with a 5.31% increase. By October 4, the uptrend found at least a short-term peak as the price of aluminum hit its highest level since June, followed by a modest decline. Get weekly updates with expert-driven […]
Aluminum MMI: Aluminum Prices Sideways Following Rate Cut
The Aluminum Monthly Metals Index (MMI) experienced a modest rebound, with a 3.84% rise from August to September. Meanwhile, aluminum prices remain in a sideways trend. Prices appeared to rebound throughout August before they found a peak at the end of the month, though they failed to create a new higher high. Prices continued to […]
