Oslo-based Norsk Hydro has entered into an agreement with Audi to supply aluminum for the battery housing of the automaker’s first fully electric model. The aluminum, Hydro says, is “processed and manufactured along the entire value chain in an environmentally conscious manner and under socially acceptable working conditions,” conditions which have been confirmed by the […]
Tag: Aluminum
Aluminum Dissonance: Why Have Prices Softened Despite Supply Deficit?
That the aluminum market is in a deficit is a widely accepted fact — but it still remains hard to see in practice. Usually when markets are in deficit, prices rise. Primary aluminum as quoted by the LME, however, has been at best sideways for the last year or more. Prices have gradually softened within […]
Aluminum’s Short-Term Fundamentals are Less Than Promising
The short-term fundamentals for aluminum do not look promising, if Alcoa’s latest report is to be believed. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The major primary producer is struggling to create positive net cash flow, a measure of the firm’s ability to pay down its substantial debt, reporting a […]
Global Aluminum Production in June Hits 5.25M Metric Tons
Global aluminum production reached 5.25 million metric tons in June, the International Aluminum Institute reported Monday. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The June total marked a decline from the 5.43 million metric tons produced in May and the 5.33 million metric tons produced in June 2018. China led the way […]
This Morning in Metals: Steel Dynamics Announces New Flat-Rolled Steel Mill Site
This morning in metals news, Steel Dynamics announced the site of a planned new flat-rolled steel mill, Norsk Hydro says aluminum demand is falling in Germany and Canadian aluminum producers are enjoying boosted profits on the heels of the removal of the U.S.’s Section 232 tariffs. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: Lone Bosnian Aluminum Smelter Closes
This morning in metals news, Bosnia’s only aluminum smelter is closing, President Donald Trump comments on U.S.-China trade talks and the United States Trade Representative (USTR) is pursuing competition-related concerns with respect to the U.S.-Korea Free Trade Agreement (KORUS). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Bosnian Aluminum Smelter […]
Aluminum MMI: Falling Chinese Prices Offset by Strong Prices in ROW
The Aluminum Monthly Metals Index (MMI) held steady at 86 this month based on mixed price movements. While prices in China dropped in the 1% to 2% range, all other prices in the Aluminum MMI basket rose slightly. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices continued to fall into […]
Global Aluminum Production Hits 5.43 Million Metric Tons in May
According to the International Aluminum Institute, global aluminum production in May reached 5.43 million metric tons, holding flat from May 2018 production. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook By region, China led the way with 3.09 million metric tons produced, about flat compared with May 2018 production. Elsewhere, Asian production ex-China […]
Mexico Becomes First Country to Ratify USMCA; U.S., Canada Approvals Pending
Quite a bit has happened since late November, when the leaders of the U.S., Canada and Mexico signed the United States-Mexico-Canada Agreement (USMCA), the intended successor to the North American Free Trade Agreement (NAFTA) and sometimes dubbed “NAFTA 2.0.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook More recently, President […]
U.S. Midwest Premium Remains High to Consumers’ Chagrin
Aluminum base prices on the London Metal Exchange (LME) have been sliding for the last couple of months, suggesting we have a market in surplus. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook So when the United States removed tariffs on imported steel and aluminum from Canada and Mexico last […]