October 7, 2024

Aluminum market squeeze intensifies amid LME delays and rising costs

The market has also been eyeing a large long position in October contracts held by Trafigura Group.

October 4, 2024

Rusal plans to double Boguchansky smelter capacity by 2030

Rusal, the world's largest aluminum producer outside China, launched the first production line at Boguchansky in 2019.

October 3, 2024

China files appeal to WTO on Canada’s tariffs on EVs, metal products

Canada began imposing on Tuesday a 100% levy on EVs shipped from China, having also announced in late August a 25% tariff on Chinese steel and aluminum products.

October 3, 2024

Chinese delegates jolt LME week with their newfound optimism

For the last couple of years, the biggest consumer and producer has been a buzzkill for metals bulls.

October 2, 2024

LME monitors tightness in aluminum market after spike in spread

The premium of LME October aluminum over November hit $18 a tonne on Wednesday from a premium of $5.85 about three weeks ago.

October 1, 2024

Canada to hit Chinese steel and aluminum with tariffs on Oct. 22

Country published a list of dozens of Chinese steel and aluminum products on which it will place a 25% tariff, starting in three weeks. 

October 1, 2024

Aluminum squeeze rolls on with key LME spread spiking again

The October monthly contract traded at a $22 premium to November on Tuesday, hitting a new high after the spread jumped by more than $9 the previous day.

October 1, 2024

Firms substituting cheaper aluminum for copper, trend growing

Currently, the price of copper is 3.8 times that of aluminum.

September 30, 2024

Arzyz Metals to launch $650 million Mexico plant expansion

Aluminum company will expand its Cienega de Flores plant in Mexico's Nuevo Leon state.

September 30, 2024

Aluminum spread jumps again as traders eye Trafigura position

Traders are also focusing on a single large long position in the October aluminum contract, which is held by Trafigura.