Global Trade
December 19, 2025
Written by Greg Wittbecker
As part of our continuing series on the basics of the aluminum trade, we want to talk about options this week.
Options tend to arouse many emotions. There is fear, loathing, or enthusiasm surrounding them. Hopefully, this article will dispel some common misconceptions about options and explain how they can be an effective tool when used correctly.
EGA has restarted 631 of Al Taweelah’s 1,262 reduction cells and still expects the smelter to return to full production in Q1 2027.
Recycler forward views shifted toward undersupply in October even as Midwest Premium and UBC expectations moved lower.
Aluminum sheet lead times rose modestly in October, while broader supply indicators remained largely stable after September’s shift.
Alcoa expects two other unnamed sites to follow the Massena East sale.
A Luxembourg court withdrew an order blocking a potential sale of Ardagh Metal Packaging, allowing Ardagh Holdings to resume preparations.
