Author: stephanieritenbaugh

AMU is excited to host our inaugural Aluminum Summit in August featuring market analysis and networking opportunities to equip professionals with the latest insights.

The United States and Iran continued to trade attacks over the weekend.

We saw lower moves in base metals. Aluminum prices retreated by about 6.3% last week, shadowing crude lower on rising perceptions of easing metal outflows.

Primary aluminum production rose to 6.15 million metric tonnes (mt) globally in May, a gain of 3.5% month over month, according to the latest figures from the International Aluminum Institute.

The increase in estimated earnings in the US is mostly associated with nonferrous metal recycling, mainly copper and aluminum.

A liquified natural gas (LNG) processing site suffered a "technical accident" in Ras Laffan industrial zone on Sunday night, according to the BBC, citing the interior ministry.

With a tenuous memorandum of understanding signed between the US and Iran, crude oil prices continued to sell off this past week, although the declines were not as steep as what we saw in the week prior.

Canovation this month announced a collaboration with Canpack, a global packaging manufacturer, to help bring its CanReseal technology toward commercialization and pilot-scale deployment.

The agreement covers about 965 employees at Warrick Operations in Indiana and Massena Operations in New York.

Keep informed on what your peers in the industry are saying by checking out Aluminum Market Update’s monthly survey, with the latest on what folks on the ground are seeing in lead times, imports, logistics, prices and more.