Alcoa reports full-year 2025 results, details 2026 outlook
Alcoa's full-year 2025 results show higher aluminum production yet lower shipments as the company outlines its 2026 outlook and capital posture.
Category: Trade Policy and Tariffs
EU targets small packaging in new recycling partnership
The move comes as pressure is increasing to keep scrap at home but US tariff exemptions have made exports more appealing.
LME high grade aluminum: How high is high in a post-China cost curve?
Rising global capital and power costs, driven by China's production cap and higher-cost expansion in Indonesia, are structurally resetting aluminum's incentive price, making higher LME levels necessary to unlock new primary capacity outside China.
China sees trade surplus as more partners shift from US
China's expanding trade surplus reflects a strategic rotation away from US markets and toward higher-value exports, even as domestic demand remains under pressure.
Edward Meir: Aluminum outlook for 2026
Trade deals, substitution, and the Midwest premium in the year ahead
Midwest premiums: Falling Canadian imports are telling
The US has seen a drastic decline in imports from Canada.
How Venezuela figures into the aluminum sector
How Venezuela figures into the aluminum sector
New Year's resolutions for the aluminum Industry
There are some tactical resolutions in this list that are essential for the companies involved to achieve their financial results for 2026. Some are aspirational and may take more than 2026 to happen.
AMU Community Chat: Tanners on tariffs, smelters, and year ahead
Timna Tanners, Wells Fargo managing director, spoke about tariffs, supply and demand and the outlook for 2026 during a joint Community Chat hosted by AMU and its sister publication Steel Market Update.
To hedge or not to hedge
As aluminum markets head into 2026, LME prices appear structurally supported while the Midwest premium looks increasingly risky and politically distorted, forcing buyers and sellers to hedge very differently.