Global Trade

October 2, 2025
Freight: Aluminum's canary in the coal mine
Written by Greg Wittbecker
A caveat about freight movements and inventory change
Inventory behavior can be a double-edged sword.
Global Trade

October 2, 2025
Written by Greg Wittbecker
Inventory behavior can be a double-edged sword.
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.