Category: Final Thoughts

The latest import data reveals a market no longer shaped by supply and demand alone, but by tariffs, carveouts, and timing.

As premiums on primary climb and low-carbon goals reshape buying, does the math - or melt loss - back up scrap trading above the cost of metal?

What’s possible, and what’s not, for aluminum producers outside China.

When calculating replacement cost, let’s be clear. The process tells us what a given commodity “ought to be worth”, not what it will subsequently trade at.

Downstream players are left guessing which market signals are real and which are being quietly managed behind the scenes.

Has Section 232 survived the latest legal challenge?

EGA has a sterling reputation for execution of big capital projects in smelting and refining, and it's early in the game, but the political winds seem to argue for energy provider Public Service Company of Oklahoma to cut a deal

Rio Tinto is embarking on a major upgrade of the nearly century-old Isle-Maligne hydroelectric station in Quebec, preserving one of the lowest-cost smelting footprints in the world.

Since March 21 when UAE announced plans to invest $1.4 trillion in the US, including an aluminum smelter, the market has been waiting for details. Now, we have some.

The Administration was eager to announce its first major trade deal on Thursday May 8. Unfortunately, the media probably gave more airtime to the news that Robert Prevost was the first American elected Pope in the Roman Catholic Church. Timing is everything…. but still the deal had important symbolism.