March check-in: Mixed signals, muted optimism, and a market watching Washington
If there’s a silver lining, it’s that nobody reported total collapse...yet.
Category: Growth Markets
Tariffs are easy to announce, hard to track
Inside the CBP system behind aluminum tariff enforcement and the logistical nightmare it could soon become.
Aluminum's balancing act: Tariffs, smelters, and scramble for supply
From new auto tariffs to billion-dollar smelter bets, the U.S. aluminum market is being pulled in every direction.
The United Arab Emirates’ Emirates Global Aluminum US smelter project
Solving the power problem may be in EGA’s wheelhouse.
New auto tariffs could reshape aluminum demand
This is bigger than just about cars. It’s a signal that trade policy is back on the table in a big way.
Week in Review: Reflect and regroup
Does it feel like we're still in a holding pattern? Or is there finally direction?
Trump holds off on 50% Canadian steel, aluminum tariffs after day of threats and reversals
Section 232 tariffs are expected to go into effect March 12
February aluminum market: Stability, uncertainty, and the weight of tariffs
The February survey of aluminum market participants points to a market in flux, largely stable but fragile, with looming uncertainties driven by tariffs, shifting demand patterns, and supply constraints. While many respondents see a balanced market in the near term, pockets of undersupply exist, particularly in specific scrap grades and finished products. As we move […]
New Section 232 tariff: Leverage to pay for power
The newly announced amendments to Section 232 boost the ad valorem duty (a volume-based tariff) from 10 to 25% of the declared customs value for primary aluminum. This boost in the rate gives Alcoa and Century windfall revenue gains as the Midwest physical premium responds to this. If we measure the windfall from Inauguration Day […]
Novelis Q3 earnings call: Key takeaways and what it means for the market
Novelis just had its latest earnings call this Monday morning, February 10, 2025, and there’s a lot to unpack, some good, some challenging, and some that set the stage for where they believe the aluminum market is headed. Key numbers and performance Aluminum pricing and market conditions Novelis acknowledged that falling aluminum prices hurt them […]