Novelis recently announced construction of a state-of-the-art, $2.5 billion recycling and aluminum rolling facility in Baldwin County, Alabama. In addition, a statement in Made in Alabama suggested that the 3,000-acre South Alabama Mega facility will create approximately 1,000 jobs. According to the Novelis, the site will be the first fully-integrated aluminum mill built in the […]
Tag: Aluminum
Aluminum MMI: Global Aluminum Prices Drop Alongside Other Base Metals
From a technical perspective, global aluminum prices began to change structure in short time frames, which could suggest further price drops. Currently, prices are beginning to approach previously-established lows. However, a bullish trend reversal can’t occur until aluminum establishes a clear price floor. Source: MetalMiner Insights The Aluminum Monthly Metals Index (MMI) dropped by 8.84% […]
The Metals Forecast: Are The Bears Back in Town?
Following a strongly inflationary metal environment in Q1, Q2 2022 is looking like a whole different ballgame. Indeed, it’s no secret that the global economy is currently facing a number of major challenges. Alone, none of these would be enough to derail us from last year’s strong rebound. When added together, however, they’re helping to […]
The Aluminum Price Forecast: China is Coming
Don’t worry – this isn’t another “reds-under-the-bed” story. Rather, it’s a look into how Chinese aluminum semis are quickly becoming the market’s main price setting (at least in Europe). With Russia more or less out of the picture and domestic mills booked up for months, China is the only swing producer with capacity to spare. […]
Hindalco Looks to Bolster Global Aluminum Resources
India’s Hindalco Industries Ltd. (a major aluminum and copper producer) recently earmarked CAPEX totaling US $7.2 billion. According to recent news reports, Hindalco management is seeking to expand the company’s aluminum production over the next five years. This includes commitments to boost aluminum resources in both North America and Germany. In a recent presentation to […]
New capacity comes online as forecasts indicate aluminum demand growth
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 […]
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 […]
MetalMiner Q&A: LME nickel turmoil, volume volatility and what’s next for the exchanges
The MetalMiner team has broken down the significant fluctuations in the LME nickel contract this month. But now that a few weeks have passed since the LME first suspended trading, it’s time to take a look at some other interesting trends at play on the LME and elsewhere. In this question-and-answer session, MetalMiner’s Stuart Burns […]
