Export Growth
November 12, 2024
Written by Gabriella Vagnini
Thinking about 2025 when it comes to aluminum, the concerns seem to be stemming from its upside, not the usual downside. Influenced by supply squeezes, production levels in China, and varying demand across global regions. While some investors might think “buying the dip” is a good move, the current landscape suggests caution might be a wiser strategy. Here’s a closer look at the key factors at play.
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.
Alcoa expects two other unnamed sites to follow the Massena East sale.
The shipment was part of an offtake agreement between private investment group Heeney Capital, Mercuria Energy Group and the Venezuelan government.
Rio Tinto maintained third quarter aluminum production as its Arvida smelter transition continued, while the company delayed two capacity projects at the Quebec complex.
