The Aluminum Monthly Metals Index (MMI) continued to move sideways, with a modest 1.11% rise from January to February. In the face ongoing tariff threats, LME aluminum prices remained consolidated while the Midwest Premium surged. Tariffs Add Chaos to the Aluminum Market Since President Trump’s term started, the aluminum market has been squarely in the […]
Tag: Aluminum
Trump’s Tariffs: EU Warns of ‘Firm and Proportionate’ Counterstrike
European bodies recently criticized U.S. President Donald Trump’s order to introduce tariffs on all steel and aluminum imports entering the country. Meanwhile, experts at home and abroad continue to evaluate how the trade dispute will affect steel prices and aluminum prices. The European Commission, the European Union’s executive arm, recently vowed that it would respond […]
Construction MMI: Tariff Talk: What Should the Construction Industry Expect?
The Construction MMI (Monthly Metals Index) held its sideways trend, budging down a slight 1.35%. Meanwhile, the U.S. construction industry faces a complex landscape shaped by recent policy changes, Trump tariffs and other economic factors. Tariffs and Their Effect on Construction Materials Steel remains a fundamental component of modern construction, playing a crucial role in […]
Aluminum’s Paradox: Prices Hold Strong Despite Global Economic Slump
GDP growth in China and the United States, the world’s two largest aluminum consumers, has slowed for months. Meanwhile, Europe and Japan continued to struggle with stagnant growth for much of 2024. Though still fluctuating within a range, aluminum prices have pushed toward the top in recent weeks. For this reason, many consumers continue to […]
Aluminum Divide: Experts Clash Over EU’s Proposed Sanctions on Russian Metal
For now, the aluminum sector seems divided on the impact that a proposed new ban on Russian aluminum exports by the European Commission may have on the global supply chain. It is an important question, especially as aluminum prices remain locked in a sideways trend. However, price did experience a slight upsurge at the news. […]
Aluminum MMI: Aluminum Prices Sideways, Guinea Secures Alumina Investments
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 […]
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 […]
