Global Trade
June 16, 2026
Written by Michael Cowden
SMU and AMU are pleased to announce that Wells Fargo Managing Director Timna Tanners will be joining us for a Community Chat webinar on Wednesday, June 24, at 11 am ET.
The live webinar is free for anyone to attend. You can register here. (Editor’s note: A recording and the accompanying slide decks will be available only to SMU and AMU subscribers.)
LME aluminum prices returned to February levels despite a 50% decrease in warehouse inventories and a substantial narrowing of the cash-to-three-month contango.
Help shape the conversation on the aluminum market by participating in AMU’s monthly survey, with the latest on lead times, imports, logistics, prices and more.
Outside of energy, base metals had a mixed week. Tin lost almost 4% on the week, finishing at $53,000/ton. Prices dropped to a low of $51,259/ton at one point. Aluminum was another loser, off by about 1.6% on the week. Investors are expecting more aluminum supply going forward, especially out of China and Indonesia.
US aluminum scrap imports increased faster than exports through August, while similar tonnage gains kept net exports near year earlier levels.
Stellantis’ Etobicoke Casting Plant faces uncertain production commitments and potential operational disruption as Unifor prepares strike authorization votes.
