Category: Pulse

LME aluminum market participants broadly reduced long and short positions during June as prices retreated, although longer-term participation trends remained relatively unchanged.

Century Aluminum's memorandum with Brimstone adds to efforts to expand domestic alumina supply as imports continue to dominate the US market.

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

ENKEI America will permanently close its Jacksonville, Florida, aluminum wheel manufacturing facility, ending operations at a site with aluminum melting, remelting, casting and machining assets.

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.

LME aluminum prices, prompt premiums and the US Midwest Premium have moved lower in June, while exchange inventories continue to decline and remain near five-year lows.

Steel Dynamics will relocate a planned Arizona recycled aluminum slab casting center to Mississippi after citing risks tied to differences with Arizona officials and recording a $16 million write-down.

Hydro attributed the decision to low capacity utilization and the need for significant capital investment