Global Trade
June 30, 2025
Written by Gabriella Vagnini
When it comes to long-range metals market analysis, CRU continues to set the bar. Their Aluminum Long Term Outlook (June 2025 update) is one of the most thorough and thoughtful reports we’ve seen on where the global aluminum market is headed, and it has plenty to say to everyone downstream.
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.
